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Supreme Court: Banks Must Provide Opportunity Of Hearing To Borrowers Before Classifying Their Accounts As Fraud

On March 27, 2023, the Supreme Court of India in the case of State Bank of India v. Rajesh Agarwal, has held that the principles of natural justice, particularly the rule of audi alteram partem,. | June 7, 2023 ....

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From mangoes to luxury watches, Indians look to offload 2,000-rupee notes

Indians are stepping up purchases of daily essentials, and even premium branded goods, using the soon-to-be-withdrawn 2,000-rupee notes as they aim to sidestep the need to exchange or deposit. | May 23, 2023 ....

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India's top lender SBI posts 83% jump in Q4 profit

State Bank of India, the country s largest lender, on Thursday reported a more than 83% jump in fourth-quarter profit, led by a sharp drop in provisions on bad loans and healthy credit growth.. | May 18, 2023 ....

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India's Multiples Alternate closes over $640 million private-equity fund

Indian private equity firm Multiples Alternate Asset Management said on Wednesday it has closed a more than $640 million fund aimed at investing in domestic companies. . | May 3, 2023 ....

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India's SBI Card reports surprise Q4 profit growth on higher consumer spending

India s SBI Cards and Payment Services Ltd on Friday reported a surprise jump in its fourth-quarter profit, helped by strong consumer spending which outweighed higher funding costs.. | April 28, 2023 ....

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