The government is considering amending the SARFAESI Act, 2002, to allow banks to hold security interest in shipping vessels, removing speci...

The ruling clarifies that the interim moratorium begins when the application is duly numbered by the tribunal, the Kerala High Court said. ...

Jammu and Kashmir Bank's Managing Director and CEO, Baldev Prakash, stated that action under the SARFAESI Act is the last resort for the ba...

The Delhi High Court on Friday stayed a Reserve Bank of India notice warning of possible cancellation of UV Asset Reconstruction Company Lt...

The immediate impact of the RBI’s decision will be felt by UV Asset Reconstruction Company, which was awaiting approval to take over telco ...

The finance ministry on Wednesday proposed to decriminalise minor offences, including those relating to cheque bounce and repayment of loan...

Many NBFCs were unable to dispose of immovable property of defaulter borrowers fast enough even after filing the case under Sarfaesi and re...

As per SARFAESI Act, a bank can decide the liability and does not have to approach a court or tribunal to enforce any security interest cre...

Banks, financial institutions, asset reconstruction companies and debenture trustees will get priority over any other arrears including tax...

The Act also proposes creation of a national database. Currently, security interests created in favour of banks and FIs are registered with...

Sinha said the new law that is in the process of being drafted will help in quick winding up of stressed banks, NBFCs and microfinance inst...

A joint Parliament standing committee has cleared the proposed bankruptcy law and it’s likely to be discussed in the ongoing budget session...

Currently, NBFCs can only approach the civil courts to recover loans from the borrowers, which usually use to take longer time.

Changing errant promoters may be tough, as norms mandate return of cos to them once dues are recovered.

The act is not presently in force in Jammu and Kashmir due to the special status of the state under Article 370 of the constitution.

The legal system, long blamed for putting a spoke in the wheels of banks, seems to be beginning to play ball with the lenders instead of bo...

Vowing to continue with financial reforms agenda, Finance Minister Pranab Mukherjee on Monday said the Government would push forward variou...