Tuesday, December 24, 2024
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Banks

IL Feature

Credit Where It Is Due

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The planned mechanism announced by the finance minister is likely to bring comfort to these stressed entities that have faced difficulty in engaging existing credit lines to pay dues. Under the new system, banks will conduct credit evaluation of an MSME based on its digital trail and not on the balance sheet
Magazine

Banking on Banks

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With the ICICI Board giving sanction to prosecute ex-MD & CEO Chanda Kochhar for alleged illegal loans, financial scams are under the scanner. Is the system foolproof enough to protect consumer interests?
IL Feature

New Kid in Town

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The introduction of 75 DBUs is an attempt by the government to take banks to “the doorstep of the poor”. However, its adherence to compliance norms and data privacy will be a key issue in its success
Legal

How to report bank fraud?...

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Fraud is a criminal offense when a person cheats on others for personal or financial gain. The increase in internet banking and online transactions has made financial give and takes very easy, at the same time number of financial frauds, especially online banking frauds have started increasing day by day. 
Cause List

Petition in Supreme Court...

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A Public Interest Litigation has been filed in the Supreme Court seeking directions to the Union of India and Reserve Bank of India to permit banks to offer a moratorium on payments to borrowers for the period of June to August.
Cause List

Plea for digitized financ...

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A Public Interest Litigation has been filed in the Delhi High Court seeking directions to the central government to ensure that the digitalized financial services are accessible to the visually challenged person.
Courts

Loan moratorium issue: Su...

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New Delhi (ILNS): The Supreme Court today gave the RBI, the Centre and the banks a week’s time to file their replies and observations on the issue of loan moratorium and interest payment for sectors that have claimed they deserve repayment consideration because of the Covid-19 pandemic.
Economy

Demand rises for full sec...

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In late 2017, the common people of India were suddenly shocked to find that there was a distinct possibility that all their deposits in banks, especially public sector banks, could suddenly be locked out of their reach, consumed by the bank itself, if the bank fails or even flounders.
news

Interest during loan mora...

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The Supreme Court today heard arguments in length regarding petitions demanding waiver of interest on the suspended EMIs during the moratorium period.
Top News of the Day

SC pulls up Centre for ch...

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The Supreme Court today slammed the Centre for not taking a stand on allowing moratorium on charging of interest on loans as well as interest on interest during the moratorium period declared during pandemic.
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News Update

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