Why did RBI impose moratorium on Lakshmi Vilas Bank?

The Reserve Bank of India recently imposed a moratorium on Lakshmi Vilas Bank of India for a period of thirty days. The apex bank has also drafted a scheme for the merger of the bank. Under the scheme, the Lakshmi Vilas Bank is to be amalgamated with the DBS Bank of Singapore. Why was Lakshmi ..

Month: Current Affairs - November, 2020

Category: Economy & Banking Current Affairs

Topics: Bad Loans • Banking Regulation Act • lakshmi vilas bank • moratorium • Non-performing Asset • Reserve Bank of India (RBI)

Bar Council of India imposes 3-year moratorium on opening of new law colleges

Bar Council of India (BCI), the apex bar body has imposed 3 year moratorium on opening of new institutions except for national law universities (NLUs), if proposed by a state. This decision has been taken to curb mushrooming of law colleges in the country and laying stress on improvement of standard of existing institutions. BCI ..

Month: Current Affairs - August, 2019

Category: Legal & Constitution Current Affairs

Topics: Advocates Act 1961 • Apex Bar Body • Bar Council of India • CLAT • Law Institutions • LLB degree • moratorium • national law universities • Statutory Body