Banking Regulation Ordinance
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Rajya Sabha Passes Banking Regulation Bill
The Banking Regulation (Amendment) Bill, 2017, which was passed by a voice vote in the Rajya Sabha, replaces an ordinance promulgated in May. The Lok Sabha had passed it last week.
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Bill Introduced To Replace Banking Regulation Ordinance
The Banking Regulation (Amendment) Bill, 2017 seeks to amend the Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017, which was promulgated in May this year.
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Arun Jaitley Introduces Bill To Replace Banking Regulation Ordinance
A bill to authorise the Reserve Bank of India to direct banking companies to resolve the problem of stressed assets was introduced in the Lok Sabha today by Finance Minister Arun Jaitley.
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Finance Minister Arun Jaitley Introduces Bill To Replace Banking Regulation Ordinance
The Banking Regulation (Amendment) Bill, 2017, seeks to amend the Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017.
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President Pranab Mukherjee Promulgates Ordinance On Non-Performing Assets Resolution
President Pranab Mukherjee today promulgated an ordinance authorising the Reserve Bank to issue directions to banks to initiate insolvency resolution process in the case of loan default.
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Defaulters Beware, Banking Act Amended In Fight Against Bad Loans
The ordinance authorises the Reserve Bank to issue directions to any banking company or banking companies to initiate insolvency resolution process in respect of a default under the provisions of the Insolvency and Bankruptcy Code (IBC), 2016.
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President Promulgates Ordinance On NPA Resolution
The Banking Regulation (Amendment) Ordinance, 2017, also empowered the central bank to issue directions with regard to stressed assets.
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RBI To Get Power To Act Against Loan Defaulters, Cabinet Clears Ordinance
The ordinance is aimed at empowering RBI to deal more effectively with stressed assets than earlier.
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Norms Tightened for Appointment of Agents by Insurers
To check ponzi-like activities in the insurance sector, the new ordinance has prohibited multi-layered agent structure for sale of insurance products, while it has also barred offers aimed at inducing people to buy or renew policies through multi-level marketing schemes.
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Sebi gets direct powers to attach properties, bank accounts
In a major upgrade of powers given to the Securities and Exchange Board of India (Sebi), the government has allowed it to pass orders like search and seizure, attachment of properties, arrest and detention of defaulters and pass disgorgement directions to recover the wrongful gains made in contravention of laws.
-
Rajya Sabha Passes Banking Regulation Bill
The Banking Regulation (Amendment) Bill, 2017, which was passed by a voice vote in the Rajya Sabha, replaces an ordinance promulgated in May. The Lok Sabha had passed it last week.
-
Bill Introduced To Replace Banking Regulation Ordinance
The Banking Regulation (Amendment) Bill, 2017 seeks to amend the Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017, which was promulgated in May this year.
-
Arun Jaitley Introduces Bill To Replace Banking Regulation Ordinance
A bill to authorise the Reserve Bank of India to direct banking companies to resolve the problem of stressed assets was introduced in the Lok Sabha today by Finance Minister Arun Jaitley.
-
Finance Minister Arun Jaitley Introduces Bill To Replace Banking Regulation Ordinance
The Banking Regulation (Amendment) Bill, 2017, seeks to amend the Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017.
-
President Pranab Mukherjee Promulgates Ordinance On Non-Performing Assets Resolution
President Pranab Mukherjee today promulgated an ordinance authorising the Reserve Bank to issue directions to banks to initiate insolvency resolution process in the case of loan default.
-
Defaulters Beware, Banking Act Amended In Fight Against Bad Loans
The ordinance authorises the Reserve Bank to issue directions to any banking company or banking companies to initiate insolvency resolution process in respect of a default under the provisions of the Insolvency and Bankruptcy Code (IBC), 2016.
-
President Promulgates Ordinance On NPA Resolution
The Banking Regulation (Amendment) Ordinance, 2017, also empowered the central bank to issue directions with regard to stressed assets.
-
RBI To Get Power To Act Against Loan Defaulters, Cabinet Clears Ordinance
The ordinance is aimed at empowering RBI to deal more effectively with stressed assets than earlier.
-
Norms Tightened for Appointment of Agents by Insurers
To check ponzi-like activities in the insurance sector, the new ordinance has prohibited multi-layered agent structure for sale of insurance products, while it has also barred offers aimed at inducing people to buy or renew policies through multi-level marketing schemes.
-
Sebi gets direct powers to attach properties, bank accounts
In a major upgrade of powers given to the Securities and Exchange Board of India (Sebi), the government has allowed it to pass orders like search and seizure, attachment of properties, arrest and detention of defaulters and pass disgorgement directions to recover the wrongful gains made in contravention of laws.
