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Judiciary must collaborate with stakeholders to ensure security and efficacy of banking system: Allahabad High Court

The Court found that no civil court can entertain a suit or proceeding if an aggrieved person has grievance against any measures taken under the SARFAESI Act. ....

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PM Modi says 3rd term to have even bigger decisions, roadmap to be finalised in 20-30 days

According to the Prime Minister, a virtuous cycle has begun for India, with the growth rate rising and fiscal deficit falling ....

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Hansoge Enterprises: Hansoge Enterprises sells 175-room boutique hotel for Rs 150 cr in a deal with JC Flowers and YES Bank

Bangalore s Hansoge Enterprises has sold a 175-room hotel near Bangalore International Airport, covering 1.5 lakh sq ft, for around Rs 150 crore to an ultra-high net worth individual. The property, set to be completed by end-2024, was previously held by JC Flowers, an Asset Reconstruction Company (ARC), the Trustee, and the Bank. ....

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Bad assets of banks decline multi-year low to 0.8% in September: RBI report

The report reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the Indian financial system. ....

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Banks Write Off Rs 10.5 Lakh Crore In 5 years, NPA Recovery Of Rs 7.1 Lakh Crore

Banks have written off Rs 10.57 lakh crore during the last five financial years, of which Rs 5.52 lakh crore was in respect of loans pertaining to large industries, the government informed the Parliament today. ....

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