WebApr 11, 2024 · The RBI appointed Nageswara Rao Y as the administrator in relation to the Corporate Insolvency Resolution Process (CIRP) of the firm. Reliance Capital is the third large non-banking financial company (NBFC) against which the central bank has initiated bankruptcy proceedings under the Insolvency and Bankruptcy Code (). The other two were … WebJun 3, 2024 · Total Priority Sector – 40 per cent of ANBC as computed in para 6 below or CEOBE whichever is higher. Agriculture – 18 per cent of ANBC or CEOBE, whichever is higher; out of which a target of 10 percent # is prescribed for Small and Marginal Farmers (SMFs). Micro Enterprises – 5 per cent of ANBC or CEOBE, whichever is higher.
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WebJul 4, 2024 · The Buy Now, Pay Later (BNPL) sector in India that has grown manifold has caught the Reserve Bank of India’s (RBI’s) attention. The central bank on June 20, 2024, issued a notification to fintech firms or non-banking institutions forbidding them from the service of the ‘buy now, pay later’ service. The new RBI guidelines stated that ... Webany part of this Code conflicts with the applicable law, the law will prevail. If any part of this Code is deemed invalid, the validity and enforceability of its other parts & provisions shall not be affected. 2. APPLICABILITY OF THE CODE: The Codes are applicable to all the workmen staff, officers, and others acting for or on behalf of the Bank. fish oil gout
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