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