Page 11 - Banking Code News Today

63Moons moves NCLT against Piramal ascribing ₹1 value to DHFL’s ‘recoverable’ assets April 25, 2021 × 63Moons Technologies has dragged Piramal Capital and Housing Finance to the National Company Law Tribunal (NCLT) for ascribing ‘₹1’ value to the assets or transactions of Dewan Housing Finance Corporation (DHFL) that, it says, have a recovery potential of more than ‘₹40,000 crore’. DHFL, one of India’s largest housing finance companies, is in the midst of insolvency pro...

Steady operation of banking industry in Belarus ensured Pavel Kallaur MINSK, 15 April (BelTA) – Steady operation of the banking industry is ensured in Belarus, BelTA learned from Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Pavel Kallaur at a press conference on 15 April. The official said: “The previously accumulated durability reserve has allowed the banks to absorb the shocks we encountered last year and this year and provide the necessary support to the e...

Date Time Banks unite to help customers experiencing financial abuse Australian banks are launching updated guidelines on financial abuse as part of their continued focus on responding to family violence and elder abuse. The updated industry-wide approach is designed to ensure bank staff are equipped to recognise signs of financial abuse. “This kind of behaviour is a form of domestic violence. It can be an enabler for partners to keep women trapped in abusive and often dangerous relationshi...

RLO repeal would reduce ‘policy creep’: CAFBA subscribe A A As politicians debate the bill to repeal responsible lending, CAFBA has said that repealing the obligations would help reduce any “grey area” when it comes to commercial lending. On Monday (15 March), the National Consumer Credit Protection Amendment (Supporting Economic Recovery) Bill 2020 – which focuses on amending the credit laws so that they remove responsible lending obligations (RLOs) and extend the best interests duty...

With the federal government adamant stimulus needs to be wound back, the Reserve Bank will need to become a lot more creative if it wants to engineer a sustained recovery, writes Ian Verrender.

ASIC has approved changes to the Banking Code of Practice, extending the COVID-19 special note that gives banks more time to handle complaints.

The corporate regulator has approved a request to extend temporary changes to timing requirements in the banking code by six months The Australian Securities and Investments Commission (ASIC) has appr

ASIC has approved variations to the Banking Code of Practice (Code). The variations, as proposed by the Australian Banking Association (ABA), do the...

>> see, this is the issue. the idea that we can wait for millions upon millions of americans the to get back to work, it doesnt work that way. it doesnt happen. >> i understand that, but basically, just to finish this, and why i disagree with you and i disagree with paul krugman, and i disagree with the people who say that the government need to spend a bunch of money to solve this, means weve observed the problem and only obvious solution is for the government to print more money, to hire peopl...