The Supreme Court on Monday rejected the State Bank of India's appeal, upholding the Telangana High Court's order and ruled that it is reasonably practicable for the lender banks to provide an ...

Mumbai: The Reserve Bank of India has decided to provide an asset classification standstill for standard accounts that avail a moratorium between 1 March and 31 May, said governor Shaktikanta Das on ...

https://www.thehindubusinessline.com/money-and-banking/listen-to-borrowers-before-classifying-acs-as-fraud-supreme-court/article66669121.ece Copy The Supreme Court on ...

Under the new guidelines, RBI said banks shall undertake at least an annual review in respect of accounts where there is no customer induced transactions for more than a year.(Mint) The Reserve Bank ...

(MENAFN- IANS) New Delhi, March 11 (IANS) The Delhi High Court has observed that it is incumbent on the part of a bank to supply the Forensic Audit Report (FAR) before classifying accounts as“fraud”.

RBI's latest circular - prepared after a comprehensive review of earlier Master Directions - has laid down the essential measures that a bank's board must adhere to, before classifying Persons / ...

The Reserve Bank of India on Monday (July 15) revised its master directions on fraud risk management to incorporate the recommendations of a Supreme Court judgement which asks banks to hear a borrower ...

The Bombay high court has stayed the Reserve Bank of India's master circular, which allowed banks to declare accounts as fraudulent without a hearing, until 11 September. The court will hear a series ...

Borrowers have the right to be heard before banks classify their accounts as fraud, the Supreme Court ruled on March 27, adding the principles of natural justice must be followed and read into the ...

Swaminathan also acknowledged the vital role played by CICs in the financial system, as per the statement. (Image: PTI) The Reserve Bank on Monday came out with comprehensive guidelines on unclaimed ...