Latest News on Sarfaesi Act
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Sarfaesi Act - Total results - 9
Jun 25, 2019
Number of wilful defaulters in nationalised banks up 60% to 8,582 in five years to March 2019: GovernmentThe minister was replying to a question whether the cases of wilful defaulters of banks have increased during the last five years
Jan 23, 2019
Budget 2019: Levy lower tax rates on cashless transactions to encourage more people to use digital payment modeWhile 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.
Apr 04, 2018
Public sector banks wrote off Rs 2.41 lakh cr loans in over 3 years, govt informs Rajya SabhaPublic 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
Sep 05, 2017
Innoventive vs ICICI Bank: Supreme Court settles the law; Centre's Insolvency Code will hold sway over all conflicting ActsThe case involved contradictory provisions in the Code and a state law of Maharashtra state, Maharashtra Relief Undertakings (Special Provisions) Act, 1958.
Dec 21, 2016
Jammu and Kashmir: Backdoor acquisition of property under Sarfaesi Act stirs controversyThe 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
Dec 17, 2016
SC sets aside Jammu and Kashmir High Court order, rules state has no vestige outside the ConstitutionJammu 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.
Aug 01, 2016
Lok Sabha passes bill for speedier recovery of bad loansLok 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.
Aug 01, 2016
Lok Sabha to take up Debt Recovery Bill today: Here's why it is a key legislationThe 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
Mar 01, 2015
Union Budget 2015: Jaitley brings cheer for banks and NBFCsFinance 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.