Mumbai: The Reserve Bank of India said 2,000-rupee banknotes will be withdrawn from circulation as they constituted only 10.8 percent of notes in circulation as on March 31, 2023. The ₹2000 … Read More
Mumbai: Developing countries do need entrepreneurs for the development of the nation. Many a times a collective efforts from the multiple businessmen help the country to progress. But is it … Read More
New Delhi: Reserve Bank of India (RBI) warned the Supreme Court of not allowing a plea seeking waiver of interest for the six month moratorium period on loan repayments, ending … Read More
New Delhi: The Reserve Bank of India should “bluntly tell the government to do your duty (and) take fiscal measures” to protect and re-start a national economy battered by the … Read More
Mumbai: The Reserve Bank of India today suspended operations of CKP Co-operative Bank and cancelled its licence. “The financial position of the bank is highly adverse and unsustainable. There is … Read More
New Delhi: Business tycoons Mehul Choksi, the Jhunjhunwala brothers, and Vijay Mallya are among the prominent individuals linked to companies named by the Reserve Bank of India (RBI) in a … Read More
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
In a curious incident Vadodara Smart City Development Company — a Special Purpose Vehicle (SPV) of the Vadodara Municipal Corporation (VMC) — withdrew ₹265 crores from Yes Bank a day … 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: Crisis-hit Yes Bank’s founder Rana Kapoor was sent to Enforcement Directorate’s custody till March 11 by a special holiday court in Mumbai on Sunday, hours after his arrest by the … Read More
