News

AIBOC urges Delhi High Court to quash RBI Circular

All India Bank Officers’ Confederation (AIBOC), the biggest union of banks has filed a writ petition in the Delhi High Court challenging the Reserve Bank of India’s (RBI’s) February 12 circular that bankruptcy proceedings to be initiated after a borrower defaults a payment without allowing even a day’s extension. AIBOC Read more…

By Jai, ago
News

Passport Details must for more than 50 Crore loan

Finance Ministry on Saturday said passport details will be made mandatory for loans of more than Rs.50 crore from state run banks. Passport details will help banks to take timely action and inform the relevant authorities to prevent fraudsters from fleeing the country. “Next step on clean and responsible banking. Read more…

By Jai, ago