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The Indian Cryptocurrency Landscape: IAMAI v. RBI
A shocker of a circular was issued by the RBI on 6th April, 2018 that jolted the Indian cryptocurrency market. The said circular was issued under Section 35A read with Section 36(1)(a) of the Banking Regulation Act, 1949. All RBI regulated entities were deemed to make declaration that they shall not deal in or carry … Continue reading The Indian Cryptocurrency Landscape: IAMAI v. RBI
Read more »M&As in Banking Sector : A Much Viable Strategy
Introduction Mergers and acquisitions (M&As) are the most popular method employed by companies to further their market dominance. Mergers and acquisitions are often regarded as a swift and effective strategy for penetrating new markets and gaining access to cutting-edge technologies. For instance, PNB acquired New Bank of India in 1993. Only one other nationalised bank, other … Continue reading M&As in Banking Sector : A Much Viable Strategy
Read more »HDFC Bank Ltd and Ors V. Jesna Jose: NCDRC Held Bank Liable for Online Fraudulent Transaction
In the recent Judgement passed by NCDRC on 21st December 2020, NCDRC held the bank liable for the online fraudulent transactions if there is no fault on the customer’s part. BRIEF FACTS In the present case, the Complainant purchased a Pre-paid forex plus Debit card bearing the serial no. 4123310000407245 of a limit of US$ … Continue reading HDFC Bank Ltd and Ors V. Jesna Jose: NCDRC Held Bank Liable for Online Fraudulent Transaction
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