Referring to the decision of the Supreme Court in Syndicate Bank v Vijay Kumar & Ors., a division bench of Justice Pushpenda Singh Bhati and Justice Munnuri Laxman said," it is clear that it is judicially recognized the valuable right of banks i.e. In doing so the court set aside an order of the single judge directing Canara Bank to …
The Reserve Bank of India, on September 21, cancelled the license of The Ananthasayanam Co-operative Bank. In the release, the RBI said, “This makes it obligatory on the part of The Ananthasayanam Co-operative Bank Ltd., Trivandrum to stop conducting the business of ‘banking’ within the meaning of section 5 of the Act ibid, including acceptance of deposits from non-members with …
HSBC Holdings PLC plans to relaunch its India private banking business within a year, its India CEO told Reuters on Thursday, after the Asia-focused lender has identified the country as a key strategic market for growth. so an in-principle decision has been made to re-introduce private banking in India," Hitendra Dave, CEO, HSBC India said. Nuno Matos, HSBC global CEO …
