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SC rejects banks’ pleas for recall of 2015 verdict asking RBI to disclose info about them under RTI

In a major blow to banks, the Supreme Court on Wednesday refused to recall its 2015 judgment, which had held that the RBI will have to provide information about the banks and financial institutions (FIs) regulated by it under transparency law. Several FIs and banks, including the Canara Bank, the

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NBCC, Suraksha group submit revised bids to acquire Jaypee Infratech through insolvency

State-owned and Mumbai-based Suraksha group have submitted their revised bids to acquire debt-laden through an insolvency process, as per the direction of the Supreme Court. Last month, the Supreme Court remitted to the Committee of Creditors (CoC) the issue of approval of resolution plan for Jaypee Infratech

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Government not inclined to bear loan moratorium costs

The government is not inclined to bear the burden arising of the recent Supreme Court judgement on a blanket waiver of compound interest or interest on interest on all loan accounts which opted for moratorium during March-August 2020. "They (banks) are well-poised to handle this and we don't see any

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Removal of bad debt ‘hangover’ hands Indian banks clarity

India’s biggest banks face reduced uncertainty on their profit outlook after a top court’s decision forced lenders to resume classifying and disclosing bad debt. The Supreme Court ruled that banks won’t be able to charge borrowers for additional interest on loans incurred during a six-month repayment holiday last year. That

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