financial institutions

Indian Banks Lost Rs 5 Lakh Crore In Frauds; SBI #1 In Frauds, PNB At #2 (Full List) As of March 31, 2021, the banks operating in India reported fraud of Rs 4.92 trillion. This nearly represents 4.5 percent of the total bank credit,…

The Insolvency and Bankruptcy Code (IBC) was enacted in 2016 and in November 2019, the government amended the IBC, which gave lenders, mostly financial institutions and banks the ability to invoke insolvency against personal guarantors to…

All Borrowers In India Will Get Back Interest On Interest Charged During Lockdown By November 5th; Which Loans Are Eligible? Amidst the ongoing reports on the RBI loan moratorium, we informed you that the Supreme Court directed the…