Banks must inform customers on closure of insurance Schemes: NCDRC
The loan agreement was covered by 'Free Personal Accident Insurance Policy' which in case of the death the borrower, could adjust the insurance amount to the bank, it said.
Oct 30, 2017, 17:39 PM IST
PSU banks take recovery action against 5,954 wilful defaulters
The country's largest lender SBI has taken action against 1,444 such defaulters with outstanding loan of Rs 20,943 crore.
Aug 27, 2017, 17:59 PM IST
Insolvency law aims at saving promoters not banishing them: Finance Minister
Addressing a CCI-summit on insolvency and bankruptcy here on Saturday, he said the law now sides more with the lenders, as the slew of changes in the existing laws is aimed at speeding up the NPA resolution.
Aug 19, 2017, 19:27 PM IST
NPA resolution not to liquidate companies, but to help save them: Finance Minister
Explaining the rationale for the new insolvency and bankruptcy code (IBC), he said, this was necessitated by the failure of debt recovery tribunals to effectively perform their duty after the initial success.
Aug 19, 2017, 13:43 PM IST
RBI has asked banks to go for periodic vulnerability test:Govt
According to the Reserve Bank, 'WannaCry' ransomware attacks were reported from banks during May and June this year and a few computers in two bank branches and one ATM unit were impacted "though no data loss was reported".
Aug 08, 2017, 17:23 PM IST
J&K has no vestige of sovereignty outside Indian Constitution: SC
Jammu and Kashmir has "no vestige" of sovereignty outside the Indian Constitution and its own, while the citizens of the state are "first and foremost" citizens of India, the Supreme Court has held.
Dec 17, 2016, 16:50 PM IST
Expert group on consolidation of banks soon: Jaitley
Government will soon set up an expert group to look into consolidation of public sector banks as the country needs stronger rather than a large number of banks, Finance Minister Arun Jaitley said here on Saturday.
Mar 05, 2016, 19:11 PM IST
Bill to check wilful loan defaults likely in Winter session
Seeking to deal firmly with wilful defaults in payment of bank loans like Kingfisher, government is planning to come out with a separate Bill on the issue in the next session of Parliament.
Sep 07, 2014, 10:53 AM IST
