Jul 10, 20211 minWhy did the RBI impose penalties on SBI, BOB, and 12 other banks?The Reserve Bank of India (RBI) has levied fines on 14 banks for failing to comply with important RBI guidelines. A Press Release was...
Jul 10, 20212 minIRP has filed the Suraksha group resolution plan before the NCLT in the Jaypee Infratech caseSuraksha group's proposal, which was recently accepted by financial creditors, has been submitted with the National Company Law Tribunal...
Jul 9, 20212 minIBBI releases Information Brochure on Pre-Packaged Insolvency Resolution ProcessMicro, small, and medium enterprises (MSMEs) are critical for India’s economy. They contribute significantly to gross domestic product...
Jul 9, 20212 minIL&FS recovery rate is 61% is better than the average 39% recovery under the IBC processInfrastructure Leasing & Financial Services Limited (IL&FS) is one of India's leading infrastructure development and finance companies....
Jul 9, 20211 minAll parties gather to discuss cooperative banking lawsAn all-party conference will be held shortly to address the impact of banking rules on financial institutions in the state's cooperative...
Jul 9, 20211 minThe future of Neobanking in IndiaThe banking and payments sector has undergone a seismic upheaval as a result of digitization and the increasing usage of mobile...