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Sitharaman assures Yes Bank depositors, says their money is safe
Updated : 6 years, 4 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.
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Yes Bank depositors' interests will be protected: Govt
Updated : 6 years, 4 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.
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Chidambaram terms Yes Bank crisis as 'regulatory failure'
Updated : 6 years, 4 months ago IST
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.
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Yes Bank stock crashes by 55 pc, NSE cancels its F&Os from May 29
Updated : 6 years, 4 months ago IST
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.
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Yes Bank customers shocked over RBI decision, queue up at branches to with
Updated : 6 years, 4 months ago IST
Mumbai (Maharashtra) [India], Mar 6 (ANI): Long queues were witnessed outside Yes Bank ATMs and branches even as customers expressed shock at the Reserve Bank of India (RBI) imposed month-long moratorium on withdrawals.
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Equity indices plunge on weak global cues, Yes Bank cracks by 30 pc
Updated : 6 years, 4 months ago IST
Mumbai (Maharashtra) [India], Mar 6 (ANI): Equity benchmark indices tumbled during early hours on Friday after another overnight steep fall on Wall Street with banking stocks seen coming under pressure after the Reserve Bank of India (RBI) placed Yes Bank under a moratorium and took over
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Customers rush to ATMs in Mumbai after RBI caps Yes Bank withdrawal limit
Updated : 6 years, 4 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
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Moratorium imposed on Yes Bank, withdrawals capped at Rs 50,000
Updated : 6 years, 4 months ago IST
Mumbai (Maharashtra) [India], Mar 5 (ANI): The Reserve Bank of India (RBI) on Thursday said a "moratorium" has been imposed on Yes Bank stressing that the bank's financial capability has undergone a steady decline largely due to inability of the bank to raise capital.
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Supreme Court allows trade in cryptocurrencies, quashes RBI curb
Updated : 6 years, 4 months ago IST
New Delhi [India], Mar 4 (ANI): The Supreme Court on Wednesday struck down the Reserve Bank of India (RBI) 2018 circular that barred banks from giving access to companies in trading in cryptocurrencies.
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SC to pronounce judgment on RBI circular barring use of cryptocurrencies b
Updated : 6 years, 4 months ago IST
New Delhi [India], Mar 3 (ANI): The Supreme Court on Wednesday will deliver its judgment on pleas objecting to Reserve Bank of India (RBI) 2018 circular that barred banks from trading in cryptocurrencies.
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RBI to ensure orderly functioning of financial markets as COVID-19 spreads
Updated : 6 years, 4 months ago IST
Mumbai (Maharashtra) [India], Mar 3 (ANI): Amid expectations of major central banks to take measures for mitigating the economic impact of coronavirus outbreak, the Reserve Bank of India (RBI) said on Tuesday it stands ready to take appropriate actions to ensure orderly functioning of financ
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Digital payments rising sharply but cash remains the king: RBI
Updated : 6 years, 4 months ago IST
Mumbai (Maharashtra) [India], Feb 25 (ANI): India continues to have a strong bias for cash payments but speed, convenience and competition are shaping the future of payments, according to a study of the Reserve Bank of India (RBI).
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