The Supreme Court held on Monday that a hearing must be allowed to borrowers before the classification of an account as fraud. The court said this while issuing a verdict on the Reserve Bank of India's (RBI's) 2016 circular allowing banks to declare willful defaulters as "fraud".

Mahesh Agarwal, Managing Partner, Agarwal Law Associates, and Sunil Mehta, Chief Executive, IBA discuss on this and more. 

Watch this and more.

#supremecourt #supremecourtofindia #banks #indianbanks #frauds #cnbctv18 #businessnews  #businessnewstoday #businessnewsinenglish #sharemarkettoday  

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Classifying Borrowers As Fraud: SC Says Borrower Must Be Heard Before Classifying Account As Fraud

This comes after the Reserve Bank of India (RBI) mandated all Prepaid Payment Instruments (PPI) like wallets to be interoperable with UPI and card networks by March 31 last year.

Paytm extends full interoperability, allows wallet users to pay via UPI QR codes

Renaatus: Project funded by Exim Bank of India, involves constructing an air traffic control tower, fire station and upgrading terminal

Chennai’s Renaatus gets $ 29 mn contract expand Maldives airport

Bank Holidays in April 2023: Banks to Remain Closed for 15 Days Next Month, Banks Would Be Closed for 12 Days in April According to Reserve Bank of India Holidays 2023 Up, Check List at news18.com

Bank Holidays in April 2023: Banks to Remain Closed for 15 Days Next Month; Check List

The Reserve Bank of India in November rejected its application for a payment aggregator (PA) licence for Paytm Payments Services Limited.

Paytm Gets 15-Day Extension To Apply For Online Payment Aggregator Permit

Move over Reserve Bank of India. It’s the commercial banks, which are creating money and moving the economy

You make the tea or the tea makes you?

Reserve Bank said a Select Scope Inspection of the bank was conducted by it from February 21, 2022, to March 4, 2022.

Reserve Bank Of India Imposes Rs 30 Lakh Penalty On Karur Vysya Bank

RBI MPC meeting schedule 2023: The Reserve Bank of India (RBI) announced the meeting schedule of the Monetary Policy Committee (MPC) for the next financial year (FY24) on Friday

RBI releases MPC meeting schedule for next financial year, 1st meet in Apr

The Central Board of Directors of Reserve Bank of India (RBI), at their meeting held on Friday, reviewed the global and domestic economic situation.

RBI Central Board reviews global, domestic economic situation

Finance News: Get latest Banking news, Reserve Bank of India news, FIIs, NBFC, Insurance news, SEBI news, Public and Private sector bank news, NBFCs and gold lending news at Business Standard.

Finance News: Banking News, Insurance News, RBI News, Money Market News, NBFCs

The reserves rose to $572.801 billion, the highest level seen since February 10. Foreign currency assets surged by $10.5 billion to $505.348 billion while the value of gold with the central bank rose $2.2 billion to $44.109 billion, Reserve Bank of India data showed. Reserves held with the Internati…

India’s forex jumps $12.8 billion to record six-week high of $572.801 billion

Price return has been average, nothing exciting

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

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