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.
New Delhi [India], Mar 6 (ANI): Citing examples of crisis in PMC Bank and Yes Bank, former Finance Minister and senior Congress leader P Chidambaram on Friday slammed the BJP-led central government and asked whether there is a third bank in the line.
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.
Mumbai (Maharashtra) [India], Mar 6 (ANI): The Reserve Bank of India (RBI) placed in public domain a draft scheme of reconstruction for Yes Bank on Friday, a day after it superseded the board of troubled private sector lender with immediate effect.
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.
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.
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.
Mumbai (Maharashtra) [India], Mar 6 (ANI): New technologies are enabling lenders to appraise loan proposals of micro, small and medium enterprises (MSMEs) expeditiously by doing due diligence online, Reserve Bank of India Governor Shaktikanta Das said on Friday.
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.
New Delhi [India], Mar 6 (ANI): Former finance minister P Chidambaram on Friday termed Yes Bank crisis as a completely "regulatory failure" and said there is no need to panic as the Reserve Bank of India (RBI) placed restrictions on the bank.
Mumbai (Maharashtra) [India], Mar 6 (ANI): Shares of Yes Bank crashed by 54.89 per cent on Friday morning, a day after the Reserve Bank of India (RBI) said it is superseding the board of troubled private sector lender with immediate effect.