A bench of Chief Justice G Rohini and Justice P S Teji of Delhi High Court questioned RBI on its decision to levy a charge on more than five ATM transactions per month by a customer even when he is an account holder in the bank. High Court while issuing notice in this regard to RBI, Indian Banks’…
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As reported in the Economic Times and First Post, RBI announced the final Guidelines for setting up payment and small banks in order to attract serious players as well as push financial inclusion. These Guidelines have allowed corporate houses to set up payment banks and also provide them with an option of forming joint ventures…
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Suchismita Pati, NUJS, Kolkata In recent decades, banks have been experiencing difficulties which are reflected in high levels of non-performing loans that require a major and expensive overhaul of their banking systems ((Marinela E. Dado and Daniela Klingebiel, Decentralized Creditor-Led Corporate Restructuring Cross-Country Experience)). Healthy asset management policies provide for bank restructuring by accelerating the…