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A district consumer commission directed the State Bank of India’s to pay compensation to a customer for failing to notify him about the creation of an overdraft account linked to a disputed debit card transaction. The customer had claimed that this had impacted his CIBIL score. The Consumer Disputes Redressal Commission, Karimnagar, was dealing with…
RCom is undergoing the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. The resolution plan was approved by the Committee of Creditors and filed with the National Company Law Tribunal, or NCLT, Mumbai, on March 6, 2020, and NCLT approval is awaited. The bank has also initiated the Personal Insolvency Resolution Process…
State Bank of India. (File Image) | Photo Credit: Reuters State Bank of India (SBI) on Saturday (May 3, 2025) reported a 10% fall in standalone net profit at ₹18,643 crore for the fourth quarter ended March 2025. The country’s biggest lender had earned a profit of ₹20,698 crore in the January-March period of 2023-24….
NEW DELHI: Supreme Court on Friday quashed the acquisition of bankrupt Bhushan Power & Steel Ltd by JSW under the Insolvency and Bankruptcy Code and ordered liquidation of the debt-ridden company, in a blow to the Sajjan Jindal-led group and public sector banks, reports Amit Anand Choudhary.The court said there were multiple violations of law…
