Sarfaesi Act
The Sarfaesi Act, enacted in 2002, empowers banks to recover dues without court intervention. It allows financial institutions to auction properties of defaulting borrowers. This legislation aims to enhance the efficiency of asset recovery. It plays a crucial role in India's banking sector. The Act has faced criticism for its impact on borrowers. Nonetheless, it remains significant in financial regulation.
The Government of India recently clarified that the Securitisation and Reconstruction of Financial Assets and Enforcement of Security...
December 6, 2024
The Reserve Bank established BRBNMPL in February 1995 as a wholly-owned subsidiary to augment the production of bank...
December 9, 2022
In recent news, the Central government has sanctioned an Ordinance to place all urban and multi-state co-operative banks...
June 24, 2020
In a recent headline-grabbing move, the Supreme Court ruled that co-operative banks, formed under state law or as...
May 5, 2020
The Reserve Bank of India (RBI), lead by the panel headed by T.N. Manoharan, has proposed a number...
September 3, 2019
Essar Steel India Ltd. has encountered a series of obstacles that have postponed its debt resolution under the...
May 12, 2019
In a move to further bolster India's bankruptcy and insolvency regulations, the Insolvency and Bankruptcy Board of India...
January 18, 2019
