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Business News: Pratip Chaudhuri's arrest: New rules say police needs prior nod to act against PSU officials

Pratip Chaudhuri's arrest: New rules say police needs prior nod to act against PSU officials : Rashtra News A new government rule, aimed at shielding public sector officials and bankers against law enforcement overreach, has come into the spotlight after Rajasthan Police on Monday arrested former of India (SBI) chairman Pratip Chaudhuri in a decade-old ....

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Banks set up panel to guard executives from corruption cases

Banks had been pressing for immunity from arbitrary arrest or action by investigating agencies against their top executives for taking commercial decisions such as grant of loans, but there has been little headway on this demand so far. ....

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SC electoral bonds order levels the playing field, say bankers, legal experts

The Supreme Court has struck down the electoral bond scheme as unconstitutional and ordered the State Bank of India to immediately stop issuing the bonds ....

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Pre-packaged insolvency fails to take off as bankers wary of voluntary haircuts

The pre-pack model of insolvency resolution for smaller firms has failed to gain traction due to concerns of impropriety by bankers. Only four companies have used the scheme since its introduction in April 2021. ....

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Spencer's Retail Q4 net loss widens to Rs 61.22 Cr

The company's total income in the quarter fell 2.7% to Rs 549.45 crore. ....

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