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public sector banks

default borrowers travel abroad
Case BriefsSupreme Court

Default borrowers, served with look out circular by MHA at the instance of Public Sector Banks, to seek permission from HC to travel abroad: Supreme Court

“The applications before the High Court, seeking permission to travel abroad shall be considered and disposed of expeditiously.”

Published on August 21, 2024August 27, 2024By Deeksha
Leave a comment2691 views
Government's Mediation Move
Op EdsOP. ED.

Rookie’s Reflection: Government’s Mediation Move — A Tactic Rooted in Old-Fashioned Misconceptions About Arbitration

by Tanishq Juneja

Published on July 22, 2024July 21, 2024By Bhumika Indulia
Leave a comment1566 views
himachal pradesh high court
Case BriefsHigh Courts

Selection of Auditors for Cooperative banks: Himachal Pradesh High Court upholds NABARD’s guidelines

Himachal Pradesh High Court said that to assist the respective State Governments to choose the right persons to conduct statutory audits, the NABARD had issued the impugned letter prescribing broad guidelines

Published on July 3, 2023July 6, 2023By Editor_4
Leave a comment2311 views
Madras High Court
Case BriefsHigh Courts

Procedures for empanelment of lawyers in Banks not in compliance with Constitutional mandate; Madras HC directs Nationalised Banks to reform their system of selection

Madras High Court said that whether it is contractual employment, temporary engagements or otherwise, the procedure to be adopted by Banks must be transparent and in compliance with the mandates of the Constitution.

Published on April 10, 2023April 13, 2023By Apoorva
Leave a comment4527 views
Delhi High Court
Case BriefsHigh Courts

Delhi High Court upholds LOC issued by SFIO for alleged siphoning off public funds of public sector banks and financial institutions

LOCs impinge upon the individual’s right to travel which is recognised as a Fundamental Right. However, the rights and interest of the investing public would also be a relevant consideration which cannot be ignored.

Published on February 20, 2023February 24, 2023By Editor_4
Leave a comment2710 views
Hot Off The PressNews

Ministry of Finance | Factual position in respect to Service Charges levied by banks

There have been several media reports alluding to steep increase in service charges by certain Public Sector Banks (PSBs).  In this context,

Published on November 3, 2020November 3, 2020By Bhumika Indulia
1 Comment1876 views
Hot Off The PressNews

Rajya Sabha Update | Prevention of Fraudulent Banking Practices

The Ministry of Finance has taken a number of steps to eliminate fraudulent banking practices. This was stated by Shri Anurag Thakur

Published on November 20, 2019November 20, 2019By Bhumika Indulia
Leave a comment1795 views
Business NewsNews

One Time Settlement of NPAs

As per instructions of Reserve Bank of India, banks are required to have a loan recover policy, which may cover, inter alia, negotiated settlements

Published on March 21, 2018By Saba
Leave a comment3625 views
Hot Off The PressNews

Prompt Corrective Action of RBI on Public Sector Banks

Reserve Bank of India  has issued a Prompt Corrective Action (PCA) framework to maintain sound financial health of banks. It facilitates banks

Published on March 20, 2018By Saba
Leave a comment2494 views
Case BriefsSupreme Court

No reservation for SC/ST categories in case of officers’ promotions in public sector banks

Supreme Court: Reviewing its judgment dated 9-1-2015, the Division Bench of Chelameswar and Dr. A.K. Sikri, JJ has held that there is

Published on January 19, 2016January 19, 2016By Sucheta
Leave a comment7712 views

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