Meet Our Members! Indianhead Credit Union was founded in 1961, has 3 branches, and 7,034 members. #WICreditUnions
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#ElectoralBondScam and BJP’s Patriotism! It is highly condemnable that the BJP-led Indian union government is trying to stay the Supreme Court verdict on public disclosure of electoral bonds through the President. It is shameful that Prime Minister Narendra Modi, who came to power promising to bring back black money stashed in foreign banks, is refusing to share information about thousands of crores of rupees that have been deposited in state-run banks. If the BJP, which claims to be a political party free from corruption, is not involved in any corruption scam, what is the hesitation in making information about electoral bonds public? Why is the BJP government preventing this information from being released before the elections? Isn’t the BJP, which teaches lessons in patriotism and swadeshi, ashamed of receiving funds from MNCs? Does the BJP preach that allowing foreign capitalists to dominate Indian politics is what patriotism is all about for citizens of this country? -#Seeman | Chief Coordinator | #NTK
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#2 - Evolution of Banking 🚀 #BankingHistory #FinancialInnovation #LegacyBanking Did you know? The first bank established in our country was the Bank of Hindustan, co-founded by Alexander and Corporation. 🏦 Soon after, the landscape of banking witnessed another milestone with the emergence of the Bank of Bengal under the Bengal Presidency. This institution later amalgamated into the Imperial Bank of India, laying the foundation for what we now recognize as the State Bank of India (SBI). 🌐💼 #BankingEvolution #HistoricalFinance #FinancialInstitutions #BankingFounders #FinancialHeritage #IndianBankingHistory #StateBankOfIndia #BankOfHindustan #BankOfBengal #ImperialBankOfIndia #FinanceAndHistory #BankingLegacy #FinancialInnovation #HistoricalFacts
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Sailesh Raj Bhan, CIO Equity, Nippon India MF, is spot on. Market predictions and elections don't align. What matters is the starting point. At PrivateCourt, we prioritize financial stability. #PrivateCourt Nippon India Mutual Fund Business Standard #money #Economics #india #bank #BusinessGrowth #businesses #b2b #Law #bsfi #bsfievent
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#Insolvency and Bankruptcy Code, 2016 — #S. 30(2)(b)(ii) (as amended w.e.f. 16-8-2019) — #Minimum value of security interest — #Payability of, to dissenting financial credit: #There is a contradiction in the reasoning given in the judgment of Supreme Court in India Resurgence case, which is in discord with the ratio decidendi of the decisions of the three-Judge Bench in Essar Steel case and Jaypee Kensington case. Hence, question “whether S. 30(2)(b)(ii) IBC, as amended in 2019, entitles the dissenting financial creditor to be paid the minimum value of its security interest?” referred to a larger Bench, [DBS Bank Ltd. v. Ruchi Soya Industries Ltd.,...
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Today marked an important day in the history of the Indian capital market. 36 years ago, India woke up to a new era of governance and transparency, forever changing how money moved through the securities market. Can you answer which regulatory body we are talking about in this trivia? If you guess it correctly, let us know in the comment section! #trivia #quiz #finance #regulations #governance #regulatorybody
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The Reserve Bank of India from time to time prescribes separate notifications published in the Gazette of India to regulate other banks and ensure their smooth running. Through section 42 (1a), The Reserve Bank of India specified the additional balance to be maintained by Schedule commercial banks/ regional rural banks or co-operative banks. This post is purely informative and we do not intend to offend any person or infringe any copyright. #RRLF #advocates #lawyers #supremecourt #indianlaw #legalnews #highcourt #legal #lawyerslife #legalupdates #RBI
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Business Journalist with 20 years of experience in covering banking and finance, stock market, asset management and insurance sector.
It was good first quarter for Indian lenders ; higher credit growth, interest income and declining bad loans helped them to post better than expected profit. Read my story to know more #bankingindustry #banks #sbi #icicibank #hdfcbank https://lnkd.in/dkk9-kch
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Head of Disputes, Chandhiok & Mahajan |Advocate-on-record, Supreme Court of India | Lawyer | Arbitrator |
Lookout Notices impact individual liberty as they stop a person from traveling abroad. Unlike other deprivations of liberty however, there is no transparent process before they are issued. No one is heard, no written order is communicated to the persons affected- one only gets to know when one cannot board a flight. There is no legislation governing this- only some office memorandums that were only made public after some landmark judgements by the Delhi High Court. The law on look out notices was clarified and explained by the important judgment of the Bombay High Court in Viraj Chetan Shah v. Union of India, which went on to strike down as unconstitutional the powers given to chairmen and senior management of public sector banks to have Look out Notices issued. The judgement offers an brilliant analysis of constitutional provisions and how principles like proportionality and manifest arbitrariness are to be interpreted. Considering the widespread use of lookout notices in matters involving defaults in bank loans, this judgement is of some significance. We at C&M have issued an alert dealing with the judgment- its findings and its impact. #chandhiok&Mahajan #whitecollarcrime #Bombayhighcourt #lookoutnotices #publicsectorbanks #constitutionallaw #constitutionofindia
In a recent judgment, the High Court of Bombay held that issuance of Look Out Circulars by executive officers of Public Sector Banks are arbitrary and in contravention of Article 21 read with Article 14 of the Constitution of India. In this alert, our Partner & Head of Disputes, Rahul Narayan, and Associate Priyanka Pandey provide an analysis of the judgment. Click on the below link to read the full alert: https://lnkd.in/gJwcitBm #chandhiokmahajan #legalupdates #judgement
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Hello Dear Followers, India's rich history is peppered with countless financial frauds, that have shaken the very foundations of the government, compelling them to overhaul their rules and regulations more than once. So, are you ready to dive into the thrilling tales of the most massive financial scams India has ever witnessed? #Financialscams #investwisely #financesafety #du #ardent #sbsc #finance
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Discover what it takes to be in the thick of it when it comes to leadership in public policy from one of India’s leading public figures, Dr. Duvvuri Subbarao, former Governor of the Reserve Bank of India. #KautilyaPublicPolicy #PublicPolicy #PublicPolicyCareers
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