Between 1913 and 1960, 1,600 private banks closed down operations and depositors lost all their money The Finance Ministry sought to allay apprehensions of savers/depositors
Category: RBI–Banks
No MDR charges on debit card payments up to Rs 2000, govt to reimburse banks | business-news | Hindustan Times–16.12.2017
The merchant discount rate (MDR) charges on transactions up to Rs 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled payment systems will be borne
Credit Rating: Forget credit rating, your social media posts may decide whether you will get a loan or not – The Economic Times–13.12.2017
The credit information bureaus are operating with specified legal framework and have well-defined work. Loan officers at Kotak Mahindra Bank are spending more time in
Unitech wants Supreme Court to stay NCLT order immediately – The Economic Times–13.12.2017
Unitech on Tuesday urged the Supreme Court to immediately stay the National Company Law Tribunal’s (NCLT) order directing the government to takeover the builder’s management.
Bank union threatens strike if FRDI Bill not amended – The Economic Times–13.12.2017
All India Bank Employees Association (AIBEA) has threatened to go on strike if FRDI Bill is not amended to safeguard interest of depositors even as
When banks fail: A “bail-in” can be provided without undermining depositor interests–13.12.2017
The current generation of economic reforms revolves around creating a sound institutional architecture for a market economy. In this regard, an important legislation was the
Why differentiate between NCLT, non-NCLT cases: Sajjan Jindal | Business Standard News–13.12.2017
JSW Group Chairman Sajjan Jindal has questioned why the promoters of stressed assets in the RBI’s second list were allowed to participate in the debt
SC says NCLT order on Unitech ‘disturbing’, hearing to resume today | Business Standard News–13.12.2017
The Supreme Court has expressed its unhappiness over the National Company Law Tribunal (NCLT) passing an order against realty major Unitech, putting at risk the
Unwise move | Business Standard Editorials–13.12.2017
The affairs of real estate giant Unitech have taken a new and disturbing turn. The company is in trouble essentially because it has failed to
FRDI bill: Your deposits are safe and banks cannot use them without your consent | analysis | Hindustan Times–13.12.2017
Bank deposits are the one true friend of a middle class Indian and any threat to their safety is terribly upsetting. The government will introduce
Bankruptcy: SMEs’ claims may get higher priority in liquidation cases – The Economic Times–12.12.2017
The government is looking at a proposal to give higher priority to the claims of small operational creditors in cases of liquidation under the bankruptcy
Insolvency guidelines: In collateral damage, a few good promoters will get hurt – The Financial Express–12.12.2017
This holds for cricket, where the commentator may have never held the bat or could have been a very unsatisfactory one-day batsman, but may still
All you need to know about India’s NPA crisis and the FRDI Bill – The Hindu–11.12.2017
Mutual funds are advertised with the rider that they are subject to market risks, but what about fixed deposits? While caution is thrown to the
Checking PF Balance, raising claim, applying for PAN and other things you can do using UMANG app–11.12.2017
UMANG (Unified Mobile Application for New-Age Governance), a master app launched by the government to provide the access to various government services at one place.
Needs a rethink | Business Line–11.12.2017
The Centre and the JPC must allay depositor concerns on bail-in, in the FRDI Bill There is furious public debate around the Financial Resolution and
Assuring depositors | Business Line–11.12.2017
Why should they suffer if a bank goes belly-up? The extent to which Indians are attached to their bank balances was visible a couple of
What does the FRDI Bill do for you? – The Hindu–11.12.2017
The FRDI Bill is part of a larger, more comprehensive approach by the Centre towards systematic resolution of all financial firms — banks, insurance companies
Govt moves to take control of Unitech; NCLT supersedes board | Business Standard News–09.12.2017
The corporate affairs ministry has moved the National Company Law Tribunal (NCLT) seeking management control of debt-ridden real estate company Unitech on the grounds of
New debit card charges may push retailers back to cash transactions | Business Standard News–09.12.2017
The Reserve Bank of India has revised merchant discount rate (MDR) from January next year. MDR will be 0.4 per cent of the purchase value
Bank insolvency Bill has safeguards for depositors | Business Standard News–09.12.2017
The Financial Resolution and Deposit Insurance (FRDI) Bill dealing with the insolvency of financial services providers such as banks seeks to provide protection to bank
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