Money & Banking

The Supreme Court on Thursday stressed that Centre should come up with a law to create additional courts, for a specific period, to counter pendency of cheque bounce cases which runs over 35 Lakhs.   A five-judge Constitution bench headed by Chief Justice S.A. Bobde said under Article...
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  • The Supreme Court on Wednesday said the huge pendency of cheque dishonour cases has become an intractable problem, which accounts for 30-40 per cent cases in the trial courts and a very high percentage in the high courts.   A bench comprising Chief Justice S.A. Bobde along with...
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  • The announcement by the finance minister (FM) that privatisation of two public sector banks (PSBs) and a general insurance company would be considered during this financial year has been greeted by commentators on the Budget as a major reform in the offing. The present article does not seek...
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  • India Ratings and Research (Ind-Ra) has revised its outlook on the overall banking sector to stable for FY21-22 from negative due to substantial systemic measures that have reduced the system-wide COVID-19 linked stress below the expected levels and banks strengthening their financials by...
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  • India's  non-banking finance companies (NBFCs) need to plan for an effective IBOR (inter-bank offered rate) transition, as majority of LIBOR (London inter-bank offered rate) rates are likely to be phased out by the end of 2021, EY India report said.   In financial parlance, LIBOR...
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