NEW DELHI: Income tax raids on a direct selling agent (DSA) for loans of NBFCs and private banks in Hyderabad have blown the lid off suspected kickbacks to bank and company executives by the agency and raised calls for a nation-wide check on an industry-wide practice.The loan agent, booking revenue, mainly via commissions, of Rs…
Can Railway, NBFCs and PSUs appoint arbitrators unilaterally?NEW DELHI: The Supreme Court on Thursday said at a time when private investment in India is crucial to the country’s economy, the need of the hour is a robust, transparent and independent arbitration system to infuse confidence in the domestic and international investors.This observation came from a…
Has your lender been overcharging you interest for loans? The Reserve Bank of India has come across instances of lenders resorting to certain unfair practices in charging of interest. The same has been flagged by the central bank in a new notification dated April 29, 2024.RBI’s latest notification comes as a relief for loan borrowers,…
