The Supreme Court on June 7 sought a report from its Registry on the issue of urgent listing of a plea challenging the notifications enabling the exchange of ₹2,000 currency notes without any requisition slip and ID proof. On June 1, the top court refused to list for an urgent hearing of Mr. Upadhyay's plea challenging the notifications and said …
The Indian Banks' Association has moved an application to the Reserve Bank of India seeking licence to set up a ₹6,000 crore National Asset Reconstruction Company Ltd or bad bank, according to sources. According to sources, the company, after mobilising an initial capital of ₹100 crore and fulfilling other legal formalities, has approached the RBI seeking licence to undertake asset …
Amid rising consumer complaints regarding delay in reverse or refund of money deducted on account of failed or cancelled banking transactions, newly set up consumer protection regulator CCPA has flagged this issue to the RBI seeking its intervention to ensure banks reverse such money on time. Jain, the Central Consumer Protection Authority Chief Commissioner Nidhi Khare stated that 2,850 complaints …
IndusInd Bank shares touched a high of Rs 707.45 in the morning session, but later pared gains to trade at Rs 668.80, up 0.7 percent from their previous close, at 11:42 am on NSE. London-based Hinduja Group is reportedly keen to raise its stake in IndusInd Bank to 26 percent from the existing 15 percent and has sought the nod …
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