The government has notified the reconstruction scheme for capital-starved Yes Bank. The restrictions on withdrawals from its accounts up to ₹50,000 will …
RBI asks state govts not to move deposits out of private banks
NEW DELHI : The Reserve Bank of India (RBI) has asked state governments not to transfer their deposits out of private …
Under the scanner: RBI to check if Yes Bank auditor BSR had raised red flags
MUMBAI: The Reserve Bank of India will check whether Yes Bank’s statutory auditor had raised any red flags in the past year, …
Level launches a mobile banking app offering 1% cash back on debit purchases, 2.10% APY
A number of startups are taking on big banks with new apps that offer modern, mobile banking experiences, innovative features …
Banking for aspirational India
The Union Budget 2020-21 reaffirms the agenda to push bank reforms to foster a clean, reliable and robust financial sector …
Private banks to gain most from Budget’s Rs 5 lakh cover
(This story originally appeared in on Feb 03, 2020) MUMBAI: Private sector banks will be the biggest gainers of the government’s …
Nation-wide strike impacts banking services at Public Sector Undertaking banks
Services of public sector banks were impacted on Saturday as a nation-wide strike by employee unions entered its second day. …
Bank strike impact: ₹23,000 crore worth of cheques held up
CHENNAI : Banking operations were largely affected in the country on Friday owing to the strike by bankers pressing for early …
Indian Bank likely to retain its name after merger with Allahabad Bank
KOLKATA: Indian BankNSE -0.29 % is likely to retain its name after the merger with Allahabad BankNSE -0.80 %, and the merger team …
Yes Bank should be merged into SBI if India wants to avoid a banking tragedy
An advertisement for Yes Bank Ltd. Before it results in a tragedy for all of India’s banking, regulators need to …