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...
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...
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...
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...
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...
