Canara Bank removes fraud tag on Reliance Communications loan account
In a major reversal, and a setback to the State Bank of India’s efforts to recover dues from Reliance Communications...
Banking
Yes Bank’s unusual real estate deal with Reliance Infra raises questions over custodial role
An intricate debt-asset swap between Yes Bank and Anil Ambani-led Reliance Infrastructure, or Reliance Infra in March 2021 has drawn...
SBI classifies RCom loan account as fraud; reports Anil Ambani to RBI
State Bank of India (SBI), the country's largest lender, has classified the loan account of the insolvent telecom firm Reliance...
A peek into recovery mechanism of UCO Bank
Uco Bank is aggressively pursuing a multi-pronged strategy to recover bad debts, demonstrating a comprehensive approach across all organizational levels....
What is all the fuss about Mumbai-based New India Co-operative Bank
The Reserve Bank of India (RBI) has taken decisive action against New India Co-operative Bank Ltd., Mumbai, by superseding its...
RBI relaxes loan settlement rules for ARCs
The Reserve Bank of India (RBI) has levelled the playing field for asset reconstruction companies (ARCs) by relaxing norms for...
831 loan accounts of PNB involving Rs 1.03 lakh cr under IBC
State-owned Punjab National Bank (PNB) has informed that insolvency resolution process has been initiated in 831 of its loan accounts...
ED attaches Rs 30 crore assets in Nirav Modi bank fraud case
Directorate of Enforcement (ED) has provisionally attached proceeds of crime in the form of immovable properties and bank balances amounting...
Banks to display borrowers’ name whose assets taken into possession under SARFAESI Act
As a part of the move towards greater transparency, the Reserve Bank of India (RBI) has asked lenders, which are...
Beyond UPI: Faster payment systems other countries are experimenting with
India’s Unified Payments Interface (UPI) is wining plaudits across the globe for revolutionising faster payments. The G20 Global Partnership for...