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…
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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…
The former managing director and CEO of the private lender was arrested by the ED here on March 8 under provisions of the PMLA (Prevention of Money Laundering Act) as…
The Reserve Bank of India (RBI) governor Shaktikanta Das on Monday said that the RBI will support the crisis-hit Yes Bank with liquidity and assured depositors that their money continues…
Finance minister Nirmala Sitharaman on Friday said the government and the Reserve Bank are closely monitoring the stock market, which is facing intense volatility amid mounting coronavirus fears.
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…
The Reserve Bank on Thursday announced measures to infuse liquidity in the foreign exchange market, including the US dollar swaps worth $2 billion, as markets crashed amid mounting concerns over…
Just 92 days between Oct 1, 2019 and Dec 31, 2019, saw cybercriminals make away with nearly Rs 128 crore in frauds relating to debit and credit cards and net…
“There is absolutely no question of a merger with SBI,” said the administrator Prashant Kumar, who is leading the rescue plan of Yes Bank, while SBI is set to infuse…
Yes Bank’s deposits are understood to have shrunk far below the Rs 2 lakh crore reported at end September 2019. Thursday’s moratorium was preceded by withdrawals of bulk deposits following…
BI governor Shaktikanta Das has indicated that investors would not have to wait for 30 days for the moratorium on Yes Bank to be lifted and a resolution was likely…
Addressing a press conference after the RBI superseded the board of Yes Bank and placed withdrawal restrictions, finance minister Nirmala Sitharaman on Friday said the govt has asked RBI to…
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…
Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said the deadly coronavirus — which has claimed more than 3,000 lives so far — may further impact global growth.
The Reserve Bank on Thursday imposed a moratorium on the capital-starved Yes Bank and capped withdrawals at Rs 50,000 per account till further orders. The board of Yes Bank has…
The Reserve Bank of India (RBI) will be proactive in dealing with threats stemming from the coronavirus outbreak and will have assessed the potential impact on India by the next…
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…
The verdict would allow companies in the sector to use the banking platform to trade and transact in cryptocurrency. The central bank had contended that allowing cryptocurrency (bitcoins) compromised the…
The Supreme Court on Wednesday allowed a plea challenging the Reserve Bank of India’s (RBI’s) 2018 circular which barred banks from trading in cryptocurrencies.
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…
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…
The coronavirus outbreak will have a limited impact on India but the global GDP and trade will definitely get affected due to the large size of the Chinese economy, RBI…
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…
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,…
Union finance minister Nirmala Sitharaman on Wednesday said that the Centre and the Reserve Bank of India (RBI) are making constant efforts to boost consumption.
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…
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.
Retail inflation likely rose to a near 6-year peak in January as food prices stayed high, according to a small majority of economists in a Reuters poll, which may persuade…
The country’s foreign exchange reserves swelled by $4.607 billion to $ 471.3 billion in the week to January 31, helped by a rise in foreign currency assets, according to RBI…