SARFAESI Act Current Affairs, GK & News
Sudarshan Sen Committee of RBI
The Reserve Bank of India recently set up a committee to study about the Asset Reconstruction Companies (ARC) in the country. The committee will evaluate the role of ARCs in debt resolution and will review their business model. About the Committee The Committee is headed by former RBI Executive director Sudarshan Sen. It will review ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs
Topics: Asset Reconstruction Companies • Insolvency and Bankruptcy Code • Monetary Policy Committee (MPC) • RBI • Reserve Bank of India (RBI) • SARFAESI Act • Sudarshan Sen
RBI Trend and Progress Report, 2020
The Trend and Progress report of Reserve Bank of India provides information about performance of the banking sector. This includes non-banking Financial Institutions and cooperative banks. The report also offers perspectives on the evolving outlook of financial sector of India. The report is a statutory compliance of Banking Regulation Act, 1949. Key Findings of the ..
Month: Current Affairs - December, 2020
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs
Topics: Banking Regulation Act • Insolvency and Bankruptcy Code • Non Performing Assets (NPA) • Public Sector Banks (PSBs) • Reserve Bank of India (RBI) • SARFAESI • SARFAESI Act • scheduled commercial banks • TRend and progress report • Urban Cooperative Banks (UCB)
SC places Cooperative banks under SARFAESI Act
The Supreme Court of India recently pronounced its judgement that cooperative banks shall be placed under SARFAESI Act. Highlights The Supreme court has upheld the GoI notification dated January 28, 2003 under which the cooperative societies have come under SARFAESI Act. The Apex court has also ruled that the Cooperative Banks have also come under ..
Month: Current Affairs - May, 2020
Category: Legal & Constitution Current Affairs
Topics: Banking Regulation Act • CLAT • cooperative bank • Financial Institutions • Non Performing Assets (NPA) • Reserve Bank of India (RBI) • SARFAESI Act • Supreme court
PMLA prevails over Bankruptcy Act and Insolvency Code: Delhi HC
The Delhi High Court has ruled that Prevention of Money Laundering Act (PMLA) prevails over the Bankruptcy Act and insolvency code when it comes to attachment of properties obtained as ‘proceeds of crime’. The Enforcement Directorate (ED) had challenged the orders of PMLA appellate tribunal on the pleas of various banks. PMLA Tribunal had held that ..
Month: Current Affairs - April, 2019
Category: Legal & Constitution Current Affairs
Topics: CLAT • Delhi High Court • ED • Enforcement Directorate • IBC • Insolvency and Bankruptcy Code • PMLA • Prevention of Money Laundering Act • RDBA • Recovery of Debt and Bankruptcy Act • SARFAESI Act • Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act