Search For "depositor"
Most depositors' money safe as amount of deposits insured raised to Rs 5L:
Updated : 6 years, 5 months ago IST
New Delhi [India], Mar 8 (ANI): Chief Economic Advisor (CEA) KV Subramanian on Sunday said the amount of deposits that are insured has been raised to Rs 5 lakh which covers a significant majority of the deposits, hence depositors need not be worried.
Read More
Telangana BJP lauds role of RBI, central govt in dealing with Yes Bank cri
Updated : 6 years, 5 months ago IST
Hyderabad (Telangana) [India], Mar 7 (ANI): The Telangana Bharatiya Janata Party (BJP) on Saturday lauded the role of RBI and Narendra Modi government in dealing with the crisis in Yes Bank, saying it had saved hard-earned money of depositors.
Read More
SBI team working on Yes Bank rescue plan, depositors' money safe: Chairman
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Mar 7 (ANI): State Bank of India's legal team has started due diligence as the public sector lender prepares to infuse Rs 2,450 crore to pick 49 per cent stake in the troubled private sector Yes Bank after being placed under administration by the Reserve Bank of
Read More
RBI to start on reconstruction plan for Yes Bank within moratorium period:
Updated : 6 years, 5 months ago IST
New Delhi [India], Mar 6 (ANI): Union Finance Minister Nirmala Sitharaman said on Friday that the Reserve Bank of India (RBI) will bring in a reconstruction plan for Yes Bank within the moratorium period of 30 days so that the depositors do not face any issues.
Read More
No need to panic as RBI Governor has assured Yes Bank depositors: SBI Chai
Updated : 6 years, 5 months ago IST
New Delhi [India], Mar 6 (ANI): SBI Chairman Rajnish Kumar on Friday said that there is no need to panic for depositors of Yes Bank as RBI Governor has assured them in this regard in a press statement.
Read More
Equity indices plunge on weak global cues, Yes Bank crashes by 55 pc
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Mar 6 (ANI): Equity benchmark indices closed nearly 2.5 per cent lower on Friday after the Reserve Bank of India (RBI) placed Yes Bank under a moratorium and took over its board.
Read More
Sitharaman assures Yes Bank depositors, says their money is safe
Updated : 6 years, 5 months ago IST
New Delhi [India], Mar 6 (ANI): After restrictions by Reserve Bank of India (RBI) on Yes Bank created panic situation among its customers, Finance Minister Nirmala Sitharaman on Friday assured that money of every depositor is safe.
Read More
Yes Bank depositors' interests will be protected: Govt
Updated : 6 years, 5 months ago IST
New Delhi/Mumbai (Maharashtra) [India], Mar 6 (ANI): The interests of Yes Bank depositors will be protected and the Reserve Bank of India (RBI) will soon put in place a mechanism to revive the capital-starved public sector lender, the government said on Friday.
Read More
Customers rush to ATMs in Mumbai after RBI caps Yes Bank withdrawal limit
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Mar 6 (ANI): After Reserve Bank of India (RBI) on Thursday imposed a month-long moratorium on Yes Bank citing "serious deterioration in its financial position", capping the withdrawal limit at Rs 50000, depositors here rushed to the ATMs for withdrawing the cash
Read More
Authority for IMA cases seeks feedback from depositors on draft claim proc
Updated : 6 years, 5 months ago IST
Bengaluru (Karnataka) [India], Mar 4 (ANI): The Karnataka government has constituted a competent authority for I Monetary Advisory (IMA) cases under the KPIDFE (Karnataka Protection of Interest of Depositors in Financial Establishments) Act, 2004, which is required to call claims from erstwh
Read More
PMC Bank withdrawal restrictions based on its liquidity position, says RBI
Updated : 6 years, 7 months ago IST
New Delhi [India], Jan 21 (ANI): The Reserve Bank of India (RBI) on Tuesday told the Delhi High Court that restrictions imposed on withdrawal limits on Punjab and Maharashtra Cooperative (PMC) Bank customers is based on the bank's liquidity position and ability to pay its depositors.
Read More
Don't panic, govt committed to protect interests of Bengaluru Co-op bank d
Updated : 6 years, 7 months ago IST
Bengaluru (Karnataka) [India], Jan 14 (ANI): After the Reserve Bank of India (RBI) capped to Rs 35,000 the withdrawal limit of Sri Guru Raghavendra Co-operative Bank, BJP MP Tejasvi Surya on Tuesday said that the Central government is committed to protecting the interests of the bank's depos
Read More