Banks Might Face Legal Problems Upon Invoking Personal Guarantees

In May, the Supreme Court permitted invoking personal guarantees concerning corporate debtors.…

RBI Guidelines to Appoint Statutory Auditors for Banks and NBFCs

The Reserve Bank of India (RBI) has issued guidelines for the appointment…

Fate of NPAs Likely To Worsen in the Initial Six Months of 2021

Asset quality of banks had seen a slight improvement in the second…

Stress in Banks’ Retail Loans to Increase in FY 22

As per the credit rating firm ‘India Ratings & Research’ (Ind-Ra), the…

No Change in Service Charges Levied by Banks – FM

Recently, several media reports were stating a steep increase in service charges…

RBI asks Banks for Automation of Asset Classification

RBI issued a circular on 4th August 2011, which advises banks to…

Post Offices and Banks Can Now Check the Status of Your ITR Filing

From now on, taxpayers can no longer remain non-compliant as banks and…

Why Are Lenders Following Different Paths For Offering Loan Moratorium?

On the shade of COVID-19 pandemic and the nation-wide lockdown declared, the…

Issuing e-Invoices Under GST – May Not Be Mandatory for Banks and Telcos

In a recent development, institutions such as banks, airlines, armed forces, insurance…

Sharp Decline in Automobile Sales Puts Dealers in a State of Despair

There has been a decline in the sales of automobiles in India…