Board Superseded

Satya Prakash Pathak, former Chief General Manager of State Bank of India, is the 'Administrator' to manage the affairs of the Mumbai-based bank during the one-year period, the Reserve Bank of India (RBI) said.

The Reserve Bank of India said on Monday it had superseded the board of directors of non-banking financial company Reliance Capital.

The Reserve Bank of India has superseded the boards of Srei Infrastructure Finance and Srei Equipment Finance, and appointed an administrator

The Reserve Bank of India (RBI) said on Monday that it has superseded the board of directors of non-banking financial companies Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL) due to governance concerns and defaults.

Exactly one year ago, on September 23, 2019, the Reserve Bank of India had superseded the board of the multi-state urban cooperative bank.

Crisis-hit private sector lender Yes Bank said on Tuesday that customers can now make certain payments through its instant money transfer services National Electronic Funds Transfer (NEFT) and Immediate Payment Service (IMPS). In a post on Twitter in morning, Yes Bank said its customer can pay "their credit card dues" and "loans from other bank acc...

A day after the Reserve Bank of India (RBI) superseded its Board and imposed a withdrawal limit of Rs 50,000 for 30 days, crisis-ridden private lender Yes Bank, in a letter to its customers asserted that their deposits are safe. The letter, signed by Prashant Kumar, former CFO of State Bank of India (SBI), who has been appointed as Yes Bank's admin...

On Monday, Reserve Bank of India (RBI) superseded DHFL's board and placed the company under an administrator in the wake of governance issues and severe liquidity crisis.

The infrastructure finance company, whose board was superseded by the government early last month after it defaulted on payment dues triggering liquidity concerns, had invited EoIs for two of its units last week in its attempt to turn around IL&FS.

Superseding the board of IL&FS, which has defaulted on more than five of its obligations, was essential to restore the confidence of the financial markets, according to a statement by the finance ministry on Monday.

Removed abruptly on October 24 as chairman of the holding firm of over $100-billion salt-to-software group, Mr Mistry had on Tuesday moved the Tribunal seeking superseding of the Tata Sons board and appointment of an administrator to manage it.

Lieutenant Governor Najeeb Jung today dissolved the Delhi Waqf Board, which was "superseded" by the Arvind Kejriwal government last year, after two of its members resigned alleging corruption and referred the matter to CBI for a probe, setting the stage for another round of confrontation between the AAP dispensation and the Centre.

Satya Prakash Pathak, former Chief General Manager of State Bank of India, is the 'Administrator' to manage the affairs of the Mumbai-based bank during the one-year period, the Reserve Bank of India (RBI) said.

The Reserve Bank of India said on Monday it had superseded the board of directors of non-banking financial company Reliance Capital.

The Reserve Bank of India has superseded the boards of Srei Infrastructure Finance and Srei Equipment Finance, and appointed an administrator

The Reserve Bank of India (RBI) said on Monday that it has superseded the board of directors of non-banking financial companies Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL) due to governance concerns and defaults.

Exactly one year ago, on September 23, 2019, the Reserve Bank of India had superseded the board of the multi-state urban cooperative bank.

Crisis-hit private sector lender Yes Bank said on Tuesday that customers can now make certain payments through its instant money transfer services National Electronic Funds Transfer (NEFT) and Immediate Payment Service (IMPS). In a post on Twitter in morning, Yes Bank said its customer can pay "their credit card dues" and "loans from other bank acc...

A day after the Reserve Bank of India (RBI) superseded its Board and imposed a withdrawal limit of Rs 50,000 for 30 days, crisis-ridden private lender Yes Bank, in a letter to its customers asserted that their deposits are safe. The letter, signed by Prashant Kumar, former CFO of State Bank of India (SBI), who has been appointed as Yes Bank's admin...

On Monday, Reserve Bank of India (RBI) superseded DHFL's board and placed the company under an administrator in the wake of governance issues and severe liquidity crisis.

The infrastructure finance company, whose board was superseded by the government early last month after it defaulted on payment dues triggering liquidity concerns, had invited EoIs for two of its units last week in its attempt to turn around IL&FS.

Superseding the board of IL&FS, which has defaulted on more than five of its obligations, was essential to restore the confidence of the financial markets, according to a statement by the finance ministry on Monday.

Removed abruptly on October 24 as chairman of the holding firm of over $100-billion salt-to-software group, Mr Mistry had on Tuesday moved the Tribunal seeking superseding of the Tata Sons board and appointment of an administrator to manage it.

Lieutenant Governor Najeeb Jung today dissolved the Delhi Waqf Board, which was "superseded" by the Arvind Kejriwal government last year, after two of its members resigned alleging corruption and referred the matter to CBI for a probe, setting the stage for another round of confrontation between the AAP dispensation and the Centre.