Reserve Bank of India

The Calcutta High Court, while passing judgment on a challenge to a show cause notice issued by the registrar of a cooperative society, has said that a registrar is competent to issue show cause notices for violation of rules and byelaws.

The Supreme Court today gave the Centre and the Reserve Bank of India more time to place their decisions on record regarding the issue of waiver of interest on the suspended EMIs during the moratorium period. The court will hear the matter next on October 5.

The Rajya Sabha yesterday passed the Banking Regulation (Amendment) Bill, 2020, to bring co-operative banks under the supervision of the Reserve Bank of India (RBI).

The Supreme Court today dismissed a petition that asked permission to invoke the personal guarantees that defaulting borrowers, representing large companies had placed with Public Sector Banks.

The Supreme Court today indicated that while it has taken no decision yet on the issue of interest on loans during the court-ordered moratorium period, it was “inclined” to pass an order against banks charging additional interest during the period.

The Supreme Court has accepted the proposal by SBICAP to provide Rs 625 crore towards the construction of six identified stalled Amrapali” projects from NOIDA and Greater NOIDA Group, covering around 7,000 residential units, and ensure that the unfinished projects are completed at the earliest.

The Supreme Court today has said that accounts which had not been named as non-performing assets (NPA) as on August 31 should not be declared NPA till further orders.

The Supreme Court today heard arguments in length regarding petitions demanding waiver of interest on the suspended EMIs during the moratorium period.

Central government has today informed the Supreme Court that it has filed an affidavit with reference to petitions demanding waiver of interest on the suspended EMIs during moratorium period.

The Supreme Court today slammed the Centre for not taking a stand on allowing moratorium on charging of interest on loans as well as interest on interest during the moratorium period declared during pandemic.