Search Results for: banking sector

Founder and former managing director of Yes Bank Ltd, Rana Kapoor

Yes Bank crisis explained: What led to the downfall of India's fifth largest private lender?

An RBI moratorium was the last resort to ensure Yes Bank lives through its crisis of deteriorating financial health and a huge pile of bad credits, while State Bank of India stepped in to save the bank by suggesting schemes of reconstruction or amalgamation.

Mar 7, 2020

SBI keen to acquire 49% stakes in Yes Bank: How much will it cost?

SBI Chairman Rajnish Kumar told reporters at a press conference today that the rescue of Yes Bank was a "must," less than two days after the RBI took control of the capital-starved bank.

Mar 7, 2020

Yes Bank founder Rana Kapoor's Mumbai house raided after ED registers money laundering case

Registering a money laundering case under PMLA against Yes Bank Director Rana Kapoor, the Enforcement Directorate raided his Mumbai residence and will soon issue a look out notice against him as well.

Mar 7, 2020

RBI's moratorium on Yes Bank affects operations of its digital partner PhonePe

The digital payment service provider PhonePe dependent on Yes Bank for processing its transactions was impacted by the moratorium issued by RBI, resulting in service shutdown for long hours.

Mar 6, 2020

Women's Day 2020: Rescue pilot Priya Adhikari is defying sexism in the sky

She is the only female rescue pilot in Nepal and saves numerous trekking enthusiasts who get stuck trying to conquer the treacherous Mount Everest.

Mar 6, 2020

Have an account with Yes Bank? Here's what you can do

Retail depositors with their money with Yes Bank across the country are in a state of panic and have been withdrawing money as much as they can.

Mar 6, 2020

Rahul Gandhi, Chidambaram react to Yes Bank crisis; Congress, BJP indulge in blame game

Countering Rahul Gandhi's attack, BJP's Amit Malviya put the blame on former finance minister P Chidambaram.

Mar 6, 2020

SBI chief meets FM Sitharaman over Yes Bank crisis: 'Will take a call after RBI plan is in'

Following the meeting, the SBI chairman assured the depositors that the interest of Yes Bank depositors will be protected and there is no need to panic.

Mar 6, 2020

Yes Bank shares plunge over 70% after RBI caps withdrawals, SBI demands suspension of trading

The State Bank of India, which gave "in-principal" nod to buy a stake in the beleaguered private lender, demanded that trading of Yes Bank's shares should be suspended till the announcement of formal restructuring by the Reserve Bank of India.

Mar 6, 2020

Cryptocurrency ban lifted by RBI in India: What the SC ruling means?

The SC lifted the cryptocurrency ban imposed by RBI in early 2018, which prevented financial institutions in India from providing banking services to cryptocurrency companies. Industry experts hail SC's bold move, but advise users on exercising caution trading in crypto and companies to improve AML policies and ensure data privacy.

Mar 5, 2020

Karnataka budget: Petrol to increase by Rs 1.60 per litre, diesel by Rs 1.59 from April 1

Karnataka Chief Minister BS Yediyurappa presented the budget for the fiscal year 2020-21 at the Vidhan Soudha on Thursday, March 5. It is his 7th budget and fifth as Chief Minister.

Mar 5, 2020

Karnataka CM BS Yediyurappa at Vidhan Soudha presenting the state budget. Twitter

Karnataka budget 2020: From ₹ 27,000 cr elevated corridor to Kalasa-Banduri project; key takeaways from CM Yeddiyurappa's budget session

Karnataka Chief Minister BS Yediyurappa presented the budget for the fiscal year 2020-21 at the Vidhan Soudha on Thursday, March 5. It is his 7th budget and fifth as Chief Minister.

Mar 5, 2020

Facebook cancels F8 conference over coronavirus health concerns

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Search Results for: banking sector

Yes Bank crisis explained: What led to the downfall of India's fifth largest private lender?

SBI keen to acquire 49% stakes in Yes Bank: How much will it cost?

Yes Bank founder Rana Kapoor's Mumbai house raided after ED registers money laundering case

RBI's moratorium on Yes Bank affects operations of its digital partner PhonePe

Women's Day 2020: Rescue pilot Priya Adhikari is defying sexism in the sky

Have an account with Yes Bank? Here's what you can do

Rahul Gandhi, Chidambaram react to Yes Bank crisis; Congress, BJP indulge in blame game

SBI chief meets FM Sitharaman over Yes Bank crisis: 'Will take a call after RBI plan is in'

Yes Bank shares plunge over 70% after RBI caps withdrawals, SBI demands suspension of trading

Cryptocurrency ban lifted by RBI in India: What the SC ruling means?

Karnataka budget: Petrol to increase by Rs 1.60 per litre, diesel by Rs 1.59 from April 1

Karnataka budget 2020: From ₹ 27,000 cr elevated corridor to Kalasa-Banduri project; key takeaways from CM Yeddiyurappa's budget session

Coronavirus crisis: List of major global tech events cancelled due to Covid-19

J&K HC notice on bringing back Indian students from coronavirus-hit Iran

Gucci cancels San Francisco fashion show amid coronavirus outbreak

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]