Tag: Banking Regulation Act
6 Results
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PMC Bank crisis: SC refuses to entertain plea on ensuring around 15 lakh customers
A bench headed by Chief Justice Ranjan Gogoi asked the petitioner to approach High Court for seeking relief on his plea.
October 18, 2019 -
RBI cautions co-operative societies against using bank in name
The Reserve Bank of India (RBI) on Wednesday cautioned some co-operative societies against the use of word “Bank” in their names. “It has come to the notice of RBI that some Co-operative Societies are using the word – Bank – in their names. This is a violation of Banking Regulation Act, 1949 (As Applicable to …
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November 30, 2017 -
Jaitley introduces bill to replace Banking Regulation Ordinance
A bill to authorise the RBI to direct banking companies to resolve the problem of stressed assets was today introduced in the Lok Sabha by Finance Minister Arun Jaitley. The Banking Regulation (Amendment) Bill, 2017, seeks to amend the Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017, which was promulgated in …
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July 24, 2017 -
Resolution of NPAs is still work in progress: Jaitley
Finance Minister Arun Jaitley on Thursday said the resolution of staggering levels of bad loans is work in progress and some visible action will be taken within next few days under the recently passed NPA ordinance. The ordinance was promulgated last month amending the Banking Regulation Act, 1949 to empower the Reserve Bank of India to resolve …
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June 1, 2017 -
‘Earnings for banks lending to corporate to be volatile’
Retail and home financing offers better earning opportunity for banks as earnings for corporate lenders are expected to be volatile, said investment banking firm Jefferies. In its latest report on the recent initiative of the central government and the Reserve Bank of India (RBI) for resolution of non-performing loans (NPL) Jefferies said: "It seems, the …
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May 8, 2017 -
Bank stocks surge up to 9% on NPA resolution push
Bank stocks were in the limelight on Thursday, surging by up to 9 per cent on the government's decision to put in place a mechanism to effectively deal with the problem of mounting bad loans in the sector. In this regard, a proposal to amend Section 35 A of the Banking Regulation Act through the …
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May 4, 2017