Banking News

IBC, a Boon or a Bane for the Indian Banking System

A big question whether the IBC, a Boon or a Bane for the Indian Banking System. Insolvency and Bankruptcy Code (IBC) was set up in year 2016 to deal with powerful and influential corporate defaulters. The basic aim of the IBC was to put creditors in ...

Bank Holidays May 2021 ! Banks to Remain Shut For 12 Days

Besides, banks will observe holidays on May 1, May 7, May 13, May 14 and May 26 on account of Labour Day, Jumat-ul-Vida, Id-Ul-Fitr, Akshaya Tritiya and Buddha Pournima, respectively.

Supreme Court Refused the Extension of Loan Moratorium

Loan Moratorium Case Supreme Court Verdict, Judgement: Supreme Court in its verdict said that banks will have to pay interest to pensioners and account holders.

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