The Reserve Bank of India Has Written To All States, “Don’t Withdraw Funds From Private Banks” It Will Hurt Financial Stability. Moving Their Funds From Private Sector Banks To Public Sector Banks, Such Move Will Adversely Impact Financial Stability.

New Delhi: The Reserve Bank of India has written to all states to discourage them from moving their funds from private sector banks to public sector banks, pointing out that such … Read More

Discerning The YES Bank Crisis Several Corporate Borrowers Of Yes Bank Later Turned Into Corporate Defaulters. As Anil Ambani Group, Cafe Coffee Day, Jet Airways, DHFL, And IL&FS, Among Others

There’s work to be done in terms of recapitalising the bank. SBI is to hold a maximum of 49% in the bank, and existing shareholders are seeing a significant dilution … Read More

Yes Bank Under “Moratorium” With RBI Capping Depositor Withdrawals At Rs 50,000 Per Account For A Month And Superseding The Board With Immediate Effect

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