The government has notified the reconstruction scheme for capital-starved Yes Bank. The restrictions on withdrawals from its accounts up to ₹50,000 will …
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, …
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 …
Banking wrap: Yes Bank director resigns; board approves fund raising but rejects $1.2 bn offer
. While Yes Bank is yet to reach a decision on new investors, the sudden exit of an independent director …
PMC Bank: PIL on removing withdrawal restrictions listed in Delhi HC for November 1
A Public Interest Litigation (PIL) seeking removal of restrictions on withdrawal from PMC bank is listed in the Delhi High …
Bank mergers won’t ease NBFCs’ credit woes
Mumbai: The proposed merger of 10 state-run banks into four entities is unlikely to ease credit flow to non-bank lenders since …
Bandhan Bank launches co-branded credit card with Standard Chartered
In a bid to offer a complete suite of services to its existing customers, Bandhan Bank, on Friday, launched a …
ICICI Bank moves to revamp its office culture, discards cabins, some grades
MUMBAI: Employees at ICICI Bank Ltd are in the midst of a cultural shift as the bank adopts open office structures, abolishes grades …