Yes Bank moratorium lifted, banking ops resume

Yes Bank on Wednesday announced that it has resumed complete banking services, which was stopped after the RBI placed it under moratorium earlier this month. Taking to Twitter, the crisis-hit…

RBI may slash rates by at least 65 bps by June

Given the coronavirus pandemic and the resultant bloodbath in global markets, including in the country, and plunging asset prices, the RBI (Reserve Bank of India) will begin to look beyond…

Depositors’ money safe: FM on Yes Bank crisis

A day after the Reserve Bank of India (RBI) placed cash-strapped Yes Bank under moratorium, Union finance minister Nirmala Sithraman on Friday assured that the government is in constant touch…

SC order: Relief for Bitcoin firms, investors

The Supreme Court’s decision to lift the ban on cryptocurrencies has come as a welcome relief to entrepreneurs and investors in bitcoin exchanges even though the ruling comes two years…

Monitoring coronavirus impact on markets: RBI

The RBI said it is closely monitoring global as well as domestic situation regarding the impact of deadly coronavirus and ready to take necessary action to ensure orderly functioning of…

Sensex up 480 pts as RBI steps in to calm markets

After seven consecutive sessions of losses, equity indices on Tuesday rose sharply after Reserve Bank of India (RBI) said it is closely monitoring global as well as domestic situation regarding…

Govt will meet fiscal deficit targets: RBI guv

Throwing his weight behind finance minister Nirmala Sitharaman’s Budget numbers, Reserve Bank of India (RBI) governor Shaktikanta Das said that there is no reason to doubt that the government will…

Forex reserves soar to record $473 billion

The country’s foreign exchange reserves rose by $1.701 billion to a lifetime high of $473 billion in the week to February 7 on account of increase in foreign currency assets,…

RBI’s enhanced role to deter malpractices: Prez

President Ram Nath Kovind on Wednesday said the Reserve Bank of India’s (RBI’s) enhanced regulatory role will deter malpractices and make the nation’s financial system more credible. “Regulatory oversight of…

IOB’s Q3 loss up at Rs 6,076 crore in Q3

However, its net non-performing assets (NPAs) dropped below 6% of advances to 5.81%.The bank is under RBI’s prompt corrective action framework, which imposes certain restrictions on its functioning.