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Banks insurance scheme

30 Oct 2017

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.

27 Aug 2017

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.

19 Aug 2017

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.

19 Aug 2017

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.

08 Aug 2017

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".

Jammu and Kashmir

17 Dec 2016

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.

consolidation of banks

05 Mar 2016

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.

Wilful Loan Default

07 Sep 2014

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.

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