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Fairness Prevails: Exploring the Concept of Justice in Society

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The Bombay High Court has declared a stay on the RBI's 2016 master circular giving banks sweeping power in rejecting defaulted payments. Debtor's rights should be heard out and labeling them negatively requires conclusive proof first. Banks risk reputational damage and criminal repercussions.

Bank Accounts Can No Longer Be Classified as Fraud: High Court Puts RBI Circular on Hold

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The Bombay High Court halted RBI's circular on classifying fraud accounts until Sept 11. Petitions claim it violates natural justice by enabling arbitrary action.

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Fairness Prevails: Exploring the Concept of Justice in Society

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The Bombay High Court has declared a stay on the RBI's 2016 master circular giving banks sweeping power in rejecting defaulted payments. Debtor's rights should be heard out and labeling them negatively requires conclusive proof first. Banks risk reputational damage and criminal repercussions.

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Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.

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