Banks have the right (but not the obligation) to allow a moratorium of three months. It’s a cash flow relief. Not an interest waiver. Interest waivers have to be given … Read More
Vadodara: The Vadodara Smart City Development Company, a Special Purpose Vehicle (SPV) of the Vadodara Municipal Corporation (VMC), withdrew Rs 265 crore from Yes Bank a day before the Reserve Bank … Read More
MUMBAI: Troubled private sector lender Yes Bank was placed under a “moratorium” on late Thursday, with the RBI (Reserve Bank of India) capping depositor withdrawals at Rs 50,000 per account for … Read More
