Shapoorji Pallonji Group, Reliance Home Finance Lenders near settlement
SP group, which had claimed ₹200 crore from RHFL, is likely to agree on a settlement amount of about ₹35-40 crore, one of the persons quoted earlier, said. Once the settlement is reached, the company will file a memorandum of consent with the Delhi High Court.
Banks ask RBI to allow cloud adoption, list the dos & don'tsThe proposal assumes significance in the wake of data security and other regulations on one hand, and the urgency felt by traditional banks to innovate with fintech firms challenging the conventional operating models and commercial structures.
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