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Lender Banks Must Furnish Copy Of Audit Reports Before Classifying Loan Account As Fraud: Gujarat High Court

Recently, the Gujarat High Court bench of Justice Sangeeta K. Vishen observed that the Lender Banks must provide a reasonable opportunity to the Borrower by furnishing a copy of Audit Reports and.

Tightening the screws on wilful defaulters - The Hindu BusinessLine

Tightening the screws on wilful defaulters - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Modi s Midas touch – Turnaround from telephone banking to profitable banking

Recently, Narendra Modi government completed 9 years in office as multi-lateral agencies were vying to label Indian economy as bright spot in a dark global economy. As one moves the needle back to 2014, when.

Supreme Court says borrowers should be heard before banks classify accounts as fraud

The Supreme Court says principles of natural justice must be followed and read into the Reserve Bank of India s master circular on fraud. The court was hearing a bunch of petitions challenging the orders of several high courts in the matter

Sensex, Nifty Pre-Market Cues: All You Need To Know Going Into Trade On July 22

Revenue down 14% at Rs 893.18 crore Vs Rs 1,037.85 crore Net profit down 35% at Rs 69.51 crore Vs Rs 105.41 crore Ebitda down 15% at Rs 212.27 crore Vs Rs 250.54 crore Margin at 23.77% Vs 24.14% Opened 29 new stores despite on-ground disruption caused by second-wave of Covid-19 Havells India Q1FY22 (Consolidated, QoQ) Revenue down 22% at Rs 2,609.97 crore Vs Rs 3,339.21 crore Net profit down 22% at Rs 235.78 crore Vs Rs 303.83 crore Ebitda down 30% at Rs 355.31 crore Vs Rs 508.18 crore Margin at 13.6% Vs 15.2% Net cash at Rs 1,278 crore Vs Rs 1,438 crore Total debt at Rs 484 crore Vs Rs 493 crore Demand scenario remains resilient though there are local disruptions owing to lockdowns or scattered market timings

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