Insistence on Bank Guarantee of private banks in preference to foreign banks a Fallacy: SC
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![Insistence on Bank Guarantee of private banks in preference to foreign banks a Fallacy: SC](https://static.wixstatic.com/media/d515a3_3c6b07609a194ddd98c3927db0d3648e~mv2.png/v1/fill/w_209,h_172,fp_0.50_0.50,q_95,enc_auto/d515a3_3c6b07609a194ddd98c3927db0d3648e~mv2.webp)
In a dissenting judgement, Supreme Court Justice Indira Banerjee stated that it is incomprehensible why bank guarantees from Scheduled...
![](https://static.wixstatic.com/media/d515a3_055dc415afde4fddbcf579a809709031~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_055dc415afde4fddbcf579a809709031~mv2.webp)
![RBI updates its record in terms of Noti. of HFCs as 'Financial Institution’ 2(1)(m)(iv) SARFAESI Act](https://static.wixstatic.com/media/d515a3_055dc415afde4fddbcf579a809709031~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_055dc415afde4fddbcf579a809709031~mv2.webp)
- Aug 27, 2021
- 1 min
RBI updates its record in terms of Noti. of HFCs as 'Financial Institution’ 2(1)(m)(iv) SARFAESI Act
The Reserve Bank of India (RBI) referred to Para 105 of Master Direction – Non-Banking Financial Company – Housing Finance Company...
![To expand their customer base, banks use the "buy now, pay later" strategy](https://static.wixstatic.com/media/d515a3_cf764f7e42d5489087ccc9263f6204b7~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_cf764f7e42d5489087ccc9263f6204b7~mv2.webp)
- Aug 27, 2021
- 3 min
To expand their customer base, banks use the "buy now, pay later" strategy
Banks are applying the ‘buy now, pay later' (BNPL) model given by fintech to their consumers as they shop in their pursuit for new...
![Finance Minister is looking into insurance bonds as a possible replacement for bank guarantees](https://static.wixstatic.com/media/d515a3_16d85459a83942efa72789641d8e7015~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_16d85459a83942efa72789641d8e7015~mv2.webp)
- Aug 27, 2021
- 2 min
Finance Minister is looking into insurance bonds as a possible replacement for bank guarantees
According to Finance Secretary T.V. Somanathan, the government is considering introducing insurance bonds as an alternative to bank...
![Finance Minister introduces EASE 4.0 for PSB’s tech transformation](https://static.wixstatic.com/media/d515a3_be8a7104a42c4a22a20e230863f09a2c~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_be8a7104a42c4a22a20e230863f09a2c~mv2.webp)
- Aug 27, 2021
- 2 min
Finance Minister introduces EASE 4.0 for PSB’s tech transformation
Finance Minister Nirmala Sitharaman on Wednesday. unveiled the fourth edition. of the public sector bank reforms with a focus on...
![](https://static.wixstatic.com/media/d515a3_59d4b9a872784e1c8f1bb326c9a0ab9f~mv2.jpg/v1/fill/w_235,h_235,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_59d4b9a872784e1c8f1bb326c9a0ab9f~mv2.webp)
![RBl imposes a penalty of ₹15 lakh on Baghat Urban Co-operative Bank Limited, Solan, Himachal Pradesh](https://static.wixstatic.com/media/d515a3_59d4b9a872784e1c8f1bb326c9a0ab9f~mv2.jpg/v1/fill/w_209,h_168,fp_0.50_0.50,q_90,enc_auto/d515a3_59d4b9a872784e1c8f1bb326c9a0ab9f~mv2.webp)
- Aug 26, 2021
- 2 min
RBl imposes a penalty of ₹15 lakh on Baghat Urban Co-operative Bank Limited, Solan, Himachal Pradesh
The Reserve Bank of India (RBl) has imposed, by an order dated 19 August 2021, a monetary penalty of ₹15.00 lakh (Rupees Fifteen Lakh...
![RBI puts new payment network plan on hold](https://static.wixstatic.com/media/d515a3_be3306ca8ab04c80b93d29edd78cffc4~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_be3306ca8ab04c80b93d29edd78cffc4~mv2.webp)
- Aug 26, 2021
- 2 min
RBI puts new payment network plan on hold
After the Reserve Bank of India (RBI) invited expressions of interest last year, at least six consortiums, including those led by Amazon,...
![Harvard Business School has published a case study on the merger of Indian Bank and Allahabad Bank](https://static.wixstatic.com/media/d515a3_5fa8d0bd6d6a43a8b7acadf69a9f9b97~mv2.png/v1/fill/w_209,h_170,fp_0.50_0.50,q_95,enc_auto/d515a3_5fa8d0bd6d6a43a8b7acadf69a9f9b97~mv2.webp)
- Aug 26, 2021
- 2 min
Harvard Business School has published a case study on the merger of Indian Bank and Allahabad Bank
A case study on the successful merger of two Indian state-owned banks, Indian Bank and Allahabad Bank, has been published by Harvard...
![](https://static.wixstatic.com/media/d515a3_4eaeeae93ab64b5ba201e3cc7b4a02e0~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_4eaeeae93ab64b5ba201e3cc7b4a02e0~mv2.webp)
![Videocon’s AGR dues: SC stops DoT from encashing Bharti Airtel’s bank guarantees](https://static.wixstatic.com/media/d515a3_4eaeeae93ab64b5ba201e3cc7b4a02e0~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_4eaeeae93ab64b5ba201e3cc7b4a02e0~mv2.webp)
- Aug 26, 2021
- 3 min
Videocon’s AGR dues: SC stops DoT from encashing Bharti Airtel’s bank guarantees
The Supreme Court on Tuesday ordered the Department of Transportation not to use Bharti Airtel's bank guarantees (BGs) for three weeks in...
![Revival is precariously balanced: RBI chief](https://static.wixstatic.com/media/d515a3_63aab3ba661d4e07bf6f405bbe1d398a~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_63aab3ba661d4e07bf6f405bbe1d398a~mv2.webp)
- Aug 26, 2021
- 2 min
Revival is precariously balanced: RBI chief
The process of economic revival is now very delicately poised, according to the Reserve Bank of India (RBI) Governor Shaktikanta Das....
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