Sarfaesi Act

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Sarfaesi Act - Total results - 10
Union Budget 2019: It’s time to move towards parity between banks and NBFCs; gold loan should be given priority sector status
Business

Union Budget 2019: It’s time to move towards parity between banks and NBFCs; gold loan should be given priority sector status

By keeping the NBFCs out of the purview of Section 43D, our tax laws are subjecting the NBFCs to discriminatory treatment as compared to other financial institutions.

Number of wilful defaulters in nationalised banks up 60% to 8,582 in five years to March 2019: Government
Business

Number of wilful defaulters in nationalised banks up 60% to 8,582 in five years to March 2019: Government

The minister was replying to a question whether the cases of wilful defaulters of banks have increased during the last five years

Budget 2019: Levy lower tax rates on cashless transactions to encourage more people to use digital payment mode
Business

Budget 2019: Levy lower tax rates on cashless transactions to encourage more people to use digital payment mode

While important steps have been taken to ensure NBFC funding is not affected, a lot more needs to be done to ensure NBFCs get back into the growth mode.

Public sector banks wrote off Rs 2.41 lakh cr loans in over 3 years, govt informs Rajya Sabha
Business

Public sector banks wrote off Rs 2.41 lakh cr loans in over 3 years, govt informs Rajya Sabha

Public sector banks (PSBs) wrote off Rs 2.41 lakh crore worth of loans between April 2014 and September 2017, the Rajya Sabha was informed on Wednesday

Innoventive vs ICICI Bank: Supreme Court settles the law; Centre's Insolvency Code will hold sway over all conflicting Acts
Business

Innoventive vs ICICI Bank: Supreme Court settles the law; Centre's Insolvency Code will hold sway over all conflicting Acts

The case involved contradictory provisions in the Code and a state law of Maharashtra state, Maharashtra Relief Undertakings (Special Provisions) Act, 1958.

Jammu and Kashmir: Backdoor acquisition of property under Sarfaesi Act stirs controversy
India

Jammu and Kashmir: Backdoor acquisition of property under Sarfaesi Act stirs controversy

The Sarfaesi Act which aids the recovery of debts has stirred a hot debate in the state of Jammu and Kashmir as it could result in the back-door acquisition of property by non-Kashmiris

SC sets aside Jammu and Kashmir High Court order, rules state has no vestige outside the Constitution
India

SC sets aside Jammu and Kashmir High Court order, rules state has no vestige outside the Constitution

Jammu and Kashmir has "no vestige" of sovereignty outside the Indian Constitution and its own, while the citizens of the state are "first and foremost" citizens of India, the Supreme Court has held.

Lok Sabha passes bill for speedier recovery of bad loans
Business

Lok Sabha passes bill for speedier recovery of bad loans

Lok Sabha today passed a bill that provides for expeditious recovery of bad loans by the banks, with the government saying the country cannot have a banking system where people take loans and do not repay.

Lok Sabha to take up Debt Recovery Bill today: Here's why it is a key legislation
Business

Lok Sabha to take up Debt Recovery Bill today: Here's why it is a key legislation

The government has come up with this legislation at a time when there is mounting concerns over loan recovery in view of stressed assets to the tune of over Rs 8 lakh crore in the banking system

Union Budget 2015: Jaitley brings cheer for banks and NBFCs
Economy

Union Budget 2015: Jaitley brings cheer for banks and NBFCs

Finance Minister Arun Jaitley on Saturday announced a slew of measures which experts said would help “energise” the banking system further, power recovery of loans and streamline decision-making.