Articles for Lender Banks

Gujarat High Court Annual Digest 2024: Part-I [Citations 1-100]
2 months, 1 week ago

Gujarat High Court Annual Digest 2024: Part-I [Citations 1-100]

Live Law  

Citations 2024 LiveLaw 1 to 2024 LiveLaw 100 1. Issuance Of 'No Claim Certificate' Does Not Prima-Facie Make Dispute Non-Arbitrable, Gujarat High Court Allows S. 11 Application Case Title: Poll Cont Associates vs Narmada Clean Tech Ltd. LL Citation: 2024 LiveLaw 13 The High Court of Gujarat single bench of Chief Justice Sunita Agarwal allowed a Section 11 application of …

India Justice High Court Fraud Constitution Court Public Interest Litigation
Maharashtra Cabinet eases loan conditions for co-operative sugar factories
6 months, 2 weeks ago

Maharashtra Cabinet eases loan conditions for co-operative sugar factories

Hindustan Times  

Mumbai: The state cabinet on Sunday modified the norms for government guarantees on loans to co-operative sugar factories, relaxing the requirement for a no-objection certificate from lender banks when applying for subsequent loans. The cabinet also stipulated that, in addition to personal responsibility, the entire board of directors of co-operative sugar factories would bear collective responsibility for loan repayment. In …

Loan State Cabinet Noc Sugar Lender Banks
Gujarat High Court Half Yearly Digest: January - June 2024 [Citation 1 to 80]
7 months, 2 weeks ago

Gujarat High Court Half Yearly Digest: January - June 2024 [Citation 1 to 80]

Live Law  

Nominal Index M/S AMIT HOSPITAL PVT. In the ruling, Justice Nikhil S Kariel emphasized, “In the considered opinion of this Court, without delving further into the facts, the grievance of the petitioner could be assuaged at this stage by directing the respondent- Public Service Commission to follow their own policy inasmuch as when the Chairman of the Public Service Commission …

India Justice High Court Fraud Constitution Court Management
Lender Banks Required To Provide Audit Reports To Borrowers & Allow Representation Before Classifying Accounts As Fraud: Gujarat High Court
1 year ago

Lender Banks Required To Provide Audit Reports To Borrowers & Allow Representation Before Classifying Accounts As Fraud: Gujarat High Court

Live Law  

The Gujarat High Court while partly allowing a special civil application has emphasized the importance of lender banks affording borrowers the opportunity to review audit reports and present their case before categorizing an account as fraudulent. During meetings held on 18.08.2020 and 29.09.2020, discussions were held regarding forensic audit reports dated 11.08.2020 and 18.09.2020, along with various related issues, including …

Fraud Court Forensic Natural Justice Audit Opportunity High
Shares in US banks plummet as crisis fears rock markets
1 year, 10 months ago

Shares in US banks plummet as crisis fears rock markets

Daily Mail  

Wall Street’s banking giants suffered a sell-off last night after the takeover of US regional lender First Republic failed to calm market nerves. The renewed turmoil intensified pressure on the Federal Reserve, the US’s central bank, ahead of a decision tonight on whether to hike interest rates again even as the crisis among lenders deepens. In the spotlight: Fed chairman …

Bank Crisis Cent Fed Regional Banks First Republic
Russia’s biggest lender Sberbank exits Europe
3 years ago

Russia’s biggest lender Sberbank exits Europe

Al Jazeera  

State-controlled bank announces it is pulling out of European markets amid tightening of Western sanctions following Ukraine invasion. Russia’s largest lender Sberbank says it is pulling out of Europe after coming under pressure from tough sanctions announced by Western countries in response to Moscow’s invasion of Ukraine. European Union sanctions Ukraine says hundreds of civilians, including children, have been killed …

Europe Ukraine Russia Western Russian European Sberbank
PNB shares plunge over 11% after detection of Rs 3,800-cr bank fund misappropriation by Bhushan Power & Steel
5 years, 8 months ago

PNB shares plunge over 11% after detection of Rs 3,800-cr bank fund misappropriation by Bhushan Power & Steel

Firstpost  

PNB said on Saturday that Bhushan Power & Steel Ltd misappropriated bank funds and manipulated its books of accounts to raise funds from consortium lender banks. New Delhi: Shares of Punjab National Bank on Monday dived over 11 percent after the detection of fraud of more than Rs 3,800 crore by Bhushan Power & Steel Ltd. “On the basis of …

Bank Fund Funds Pnb Bhushan Power Bank Funds Steel Ltd
Yes Bank slips three spots to 10th on most valuable lender rankings
5 years, 10 months ago

Yes Bank slips three spots to 10th on most valuable lender rankings

Live Mint  

Private lender YES Bank Ltd has slipped three notches to 10th spot, in terms of market valuation, for the first time, as its shares slumped over 30% in the last four sessions after the bank reported a surprise net loss in its March quarter earnings. YES Bank is now the 10th most valued bank from seventh earlier, slipping below market …

Market Bank Capital Crore Yes Bank Bob Pnb
FinMin's Alternative Mechanism gives nod for BoB, Dena, Vijaya Bank merger
6 years, 2 months ago

FinMin's Alternative Mechanism gives nod for BoB, Dena, Vijaya Bank merger

India TV News  

Public sector lender Bank of Baroda Friday said the 'Alternative Mechanism' of the finance ministry has accorded in-principle approval for its merger with Dena and Vijaya Bank. "Ministry of Finance, Department of Financial Services on 20th December 2018 has advised that the Alternative Mechanism has accorded its in-principle approval to the proposed amalgamation of Bank of Baroda, Vijaya Bank and …

Bank Merger Lender Baroda Dena Bank Vijaya Bank Bank Of Baroda