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RBI Penalizes ICICI Bank and Kotak Mahindra with ₹12.19 Cr and ₹3.95 Cr Fines for Regulatory Violations
The Reserve Bank of India (RBI) has imposed fines of ₹12.19 Cr and ₹3.95 Cr on the Industrial Credit and Investment Corporation of India (ICICI) and...
![RBI allows Uday Kotak CEO of Kotak Mahindra Bank to be Non-Executive Director of IL & FS [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/09/RBI-Uday-Kotak-CEO-Kotak-Mahindra-Bank-Non-Executive-Director-of-IL-FS-Taxscan.jpg "RBI allows Uday Kotak CEO of Kotak Mahindra Bank to be Non-Executive Director of IL & FS [Read Notification]")
![Bank can’t be prevented from Exercising Rights as Secured Creditor on pretext of Debt to Excise Department: SC grants Relief to Kotak Mahindra Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/Bank-debt-Excise-Department-Kotak-Mahindra-Bank-Taxscan.jpg "Bank can’t be prevented from Exercising Rights as Secured Creditor on pretext of Debt to Excise Department: SC grants Relief to Kotak Mahindra Bank [Read Order]")
Stamp Duty payable on Transfer of Debts along with Underlying Securities: Allahabad HC [Read Judgment]
In Kotak Mahindra Bank v. State of Uttar Pradesh, Allahabad High Court recently held that stamp duty is payable on the transfer of debts along with underlying securities. In the instant case, debts...
