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 Interest (SARFAESI) Act does not apply to coffee plantations. This...
The Reserve Bank established BRBNMPL in February 1995 as a wholly-owned subsidiary to augment the production of bank notes in India and to enable bridging of the gap...
In recent news, the Central government has sanctioned an Ordinance to place all urban and multi-state co-operative banks directly under the governance of the Reserve Bank of India...
In a recent headline-grabbing move, the Supreme Court ruled that co-operative banks, formed under state law or as multi-state co-operative societies, fall under the scope of the Securitisation...
The Reserve Bank of India (RBI), lead by the panel headed by T.N. Manoharan, has proposed a number of recommendations aimed at the development of the secondary market...
Historical Context and Introduction The Mahalwari Settlement was one of the three major land revenue systems introduced by the British East India Company in colonial India. Unlike the...
The India-Bangladesh border is 4,096.7 kilometers long, making it the fifth-longest land border in the world and the longest international boundary shared by India. It cuts across flat...
