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RBI issues new guidelines for banks, NBFCs to regulate penal interest on loans

The new set of rules, which come into effect from January 1, 2024, are being introduced to promote fairness and transparency in the lending sector. ....

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Nitin Desai death: 2 accused from Edelweiss Group seek to quash FIR

Pending the hearing of their plea, the two have also sought interim relief of “no coercive action" and that the probe be stayed until then. ....

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Nitin Desai suicide: Rashesh Shah, RK Bansal of Edelweiss group move Bombay HC seeking to quash FIR for 'abetment' | Mumbai News

Art director Nitin Desai was found dead on August 2. An audio note left behind by him blamed Rashesh Bansal and Raj Kumar Shah for his poor financial condition, according to the police. ....

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Nitin Desai died a day after NCLAT dismissed his plea

Tribunal order paved way for insolvency proceedings against ND’s Art World. ....

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No undue pressure was put on Nitin Desai over loan: Finance firm

On Saturday, police sent notice to the managing director of ECL Finance, seeking information on various aspects pertaining to loans sanctioned to art director Nitin Desai. The MD of the company was asked to be present at the police station to submit the information by August 8. ....

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