Legal Update

What actions should be taken in case the bank misplaces the original documents? Part 2

In our previous month’s article, we covered certain aspects of what actions should be taken when a bank misplaces the original documents. In this article,

Legal Update

What actions should be taken in case the bank misplaces the original documents?

This time, we are not going to update you on any legal amendments or changes, but we are going to provide you with some steps

Legal Update

RBI Imposes Penalties on Credit Bureaus for Non-Compliance

The Reserve Bank of India (RBI) has taken strict action against four credit bureaus for non-compliance with regulations, imposing monetary penalties on them. The credit

Legal Update

RBI on Compromise Settlement and Technical Write-offs

The Reserve Bank of India has issued various instructions to regulated entities (REs) regarding compromise settlements in respect of stressed accounts from time to time.

Legal Update

Borrowers will receive reimbursement from credit bureaus for any delays in credit record correction

Are you sick of waiting for credit reporting companies to fix mistakes in your credit report? Soon, you will be able to file a claim

Legal Update

New changes in Insurance Act

The government has announced significant changes in The Insurance (Amendment) Bill 2022. There has been a demand to provide a composite license to insurers for

Legal Update

Amendments in Banking Law

The union budget for 2023-2024 is declared with the vision of empowering an economy that is knowledge-based with strong public finances and a robust financial

Legal Update

How India’s bid to reform Bankruptcy Law affects payouts to creditors

To speed up proceedings to clear caseload, Ministry of Corporate Affairs in the January published dozens of proposed amendments to the insolvency code, giving the