Source:-https://www.timesnownews.com New Delhi: The Supreme Court has rescheduled the hearing on petitions seeking relief in the form of extension of loan moratorium period beyond six months or waiver of interest on interest to Wednesday (October 15). Note that the top court was to start the proceedings at 12 pm today but the bench of Justices
Source:-livemint The Reserve Bank of India (RBI) is likely to announce the financial parameters of its proposed loan restructuring scheme soon. In his interview to CNBC Awaaz, RBI Governor Shaktikanta Das said that banks can extend the loan moratorium by 3, 6 or even 12 months under the one-time restructuring. To mitigate the hardships faced
Source – thewire.in Jaipur: The Rajasthan high court on December 2 dismissed a public interest litigation (PIL) into cases where ICICI Prudential Life Insurance Company allegedly tricked people into buying its policies. The order is yet to be uploaded on the high court’s website. The plea was filed by a former employee of ICICI Prudential Life Insurance
Source – firstpost.com Mumbai: The Bombay High Court on Monday sought responses from the Reserve Bank of India (RBI) on a plea by Chanda Kochhar challenging her termination as the chief executive and managing director of ICICI Bank, months after she voluntarily left the second-largest private sector lender. The high-profile ex-banker had on 30 November moved
Source – indianexpress.com The Bombay High Court on Thursday dismissed petitions filed by depositors of the Punjab and Maharashtra Cooperative (PMC) Bank seeking removal of restrictions on withdrawals imposed by the Reserve Bank of India (RBI), following crisis in the bank over the last few months. The current withdrawal limit for depositors is Rs 50,000,
Source – firstpost.com Mumbai: Senior officials of scam-hit PMC Bank used special codes to hide hundreds of dummy loan accounts of HDIL, to which the bank had over 73 percent of its loan exposure, the Reserve Bank informed the Bombay High Court on Tuesday. In an affidavit, the RBI also said of the 1,800 employees of
Source: newindianexpress.com NEW DELHI: The Delhi High Court on Wednesday asked the Reserve Bank of India (RBI), Enforcement Directorate (ED) and PayPal to file a reply to a plea alleging that the company PayPal was operating illegally in the country. A division bench of Chief Justice D.N. Patel and Justice C. Harishankar issued notices to
Source: dnaindia.com The Reserve Bank’s new circular for resolution of stressed assets is propelled by provisioning requirements and gives more freedom to bankers in taking decisions, Indian Banks’ Association (IBA) Chairman Sunil Mehta said Saturday. Two months after the Supreme Court struck down its February 12 circular, the Reserve Bank of India (RBI) Friday came
Source-coindesk.com The Reserve Bank of India argued Wednesday that bitcoin cannot be recognized in the country before the nation’s Supreme Court. In a case that has been brought by a number of exchanges against the Indian central bank for blocking their access to banking services five months ago, the RBI stated in an affidavit that current
Source- indianexpress.com India expressed concern about the rupee’s decline for the first time and said it’s considering a plan to tap its citizens overseas, according to a government official. The local currency, Asia’s worst-performing major so far this year, which plunged as much as 1.3 percent to a record low Monday, pared losses after the comments.
