Public Interest - Newz Villa

Regulatory Action: RBI Penalizes 4 Co-operative Banks, Cancels License of 1

4 mins read

India

Regulatory Action: RBI Penalizes 4 Co-operative Banks, Cancels License of 1

08/12/2023 dheeraj0Tagged 2023, Co-operative Banks, December 8, Deposit insurance, Deposit Insurance and Credit Guarantee Corporation (DICGC), Insufficient capital and earning potential, License cancellation, Monetary penalties, Non-compliance with regulations, Public interest, RBI, RBI cancels license, Sitapur, U.P. Bank Shut Down, Urban Co-operative Bank Ltd, Urban Co-operative Bank Sitapur, Uttar Pradesh

Regulatory Action: RBI Penalizes 4 Co-operative Banks, Cancels License of 1 The Reserve Bank of India (RBI) has taken decisive action against five co-operative banks for various regulatory violations. While four banks received monetary penalties, the license of one bank has been cancelled. Four co-ops have been hit with financial fines by the Reserve Bank […]

U.P. Bank Shut Down: RBI Cancels License of Urban Co-op Bank

4 mins read

Uttar Pradesh

U.P. Bank Shut Down: RBI Cancels License of Urban Co-op Bank

08/12/202308/12/2023 dheeraj0Tagged 2023, Banking sector, Co-operative banking sector, December 8, Deposit insurance, Depositors, DICGC, Financial Crisis, Inadequate capital, Liquidator, Lucknow, No earning prospects, Non-compliance with Banking Regulation Act, Public interest, RBI action, RBI cancels license, Regulations, Sitapur, State Government, U.P. Bank Shut Down, Urban Co-operative Bank Ltd, Uttar Pradesh, Winding up

U.P. Bank Shut Down: RBI Cancels License of Urban Co-op Bank In a major development, the Reserve Bank of India (RBI) has canceled the banking license of Urban Co-operative Bank Ltd., Sitapur, Uttar Pradesh, with immediate effect. The decision was announced on Friday, December 8, 2023, and has sent shockwaves through the state’s cooperative banking […]

Can the Supreme Court of India Overturn the Abrogation of Article 370?

8 mins read

India

Can the Supreme Court of India Overturn the Abrogation of Article 370?

31/08/2023 dheeraj0Tagged Abrogation of Article 370, Article 370, Basic structure doctrine, Condemnation, Constitutional amendment, Destabilization, Dialogue, future of Jammu and Kashmir, History of Article 370, Human rights abuses, Impact of abrogation, Impact of abrogation on people of Jammu and Kashmir, Jammu and Kashmir, Judicial review, Kashmir dispute, Landmark case, Lasting impact, Legal challenges to abrogation of Article 370, Legal experts, Pakistan, Possible outcomes of Supreme Court case, Potential consequences, Public interest, Reasons for abrogation of Article 370, Right to equality, Right to self-determination, Simla Agreement, supreme court of india, Unity and integrity of India

Can the Supreme Court of India Overturn the Abrogation of Article 370? Yes, the Supreme Court of India can overturn a constitutional amendment, even one that revokes Article 370. The Constitution of India gives Parliament the power to amend the Constitution, but this power is not absolute. The Supreme Court has held that Parliament cannot […]