Banking wrap: Lenders unhappy with NCLAT’s Essar Steel order, SBI offers free fund transfers online

Money Control | Jul 13, 2019 at 4:10 PM
  • Top lenders expressed their disappointment over NCLAT order in Essar Steel case this week, which ruled out the distribution ratio decided by the Committee of Creditors, and asked for more equitable share among operational creditors.
  • There is hope that amendments will be made in the IBC law to ensure faster resolutions in future.
  • SBI waives off online RTGS, NEFT, IMPS transfer charges The country’s largest lender, the State Bank of India (SBI) has waived off charges on funds transfers made via RTGS and NEFT for its YONO app, internet and mobile banking customers from July 1.