Friday, October 30, 2020

TOPIC

Banking sector

Central Government appoints Expert Committee to make an overall assessment in relation to waiver of interest on loans

The Expert Committee will be looking into matters including waiver of interest and waiver of interest on interest.

Union government brings cooperative banks under RBI control through an ordinance

The cabinet on Wednesday passed an ordinance to extend the Reserve Bank of India's supervision over the cooperative banks

India Post delivers Rs 1,000 crore in cash to account holders, 23 lakh new bank accounts created during the lockdown

Nearly Rs 1,051 crore have been delivered by India Post in as many as 59 lakh transactions during the lockdown period

RBI Governor announces new measures to ease financial distress amidst coronavirus lockdown

Quoting the IMF projection of 1.9% (GDP) growth, the RBI Governor said that India's growth would be the highest among the G20 countries

Banks allowed to defer EMIs by 3 months, cut in repo rate, liquidity injection of Rs 3.74 lakh crores: Highlights of the RBI Governor’s...

The most important notification put out by the RBI on Friday was that a three-month moratorium has been announced on payment of instalments of loans outstanding on March 1, 2020.

Enforcement Directorate summons Anil Ambani who had borrowed ₹14,000 crores from Yes Bank

The ED had sought information regarding terms and conditions, side agreements of the loans disbursed by Yes Bank to Anil Ambani for his construction company.

Rana Kapoor and Wife booked for taking bribes to the tune of ₹307 crores through the purchase of posh Delhi bungalow

The fact that Bliss Abode Pvt Ltd. (where Kapoor was a co-borrower) bought the property (in charge with Yes Bank, the founder of which is Rana Kapoor) was a clear case of conflict of interest. This vital information was withheld from the Yes Bank Board and the MCC in violation of the bank's code of conduct and the Companies Act, 2013.

Enforcement Directorate arrests Yes Bank founder Rana Kapoor over money laundering charges

The founder of the crisis-hit YES Bank, Rana Kapoor, was arrested by the Enforcement Directorate (ED) on Sunday around 3 am in Mumbai.

Phone Pe and Paytm engage in Twitter banter after YES Bank moratorium affects the former

The Twitter confrontation with PayTM happened after PhonePe was forced to temporarily suspended its services

RBI publishes scheme of reconstruction draft for Yes Bank, State Bank of India to pick up 49% stack at ₹10 per share

After placing Yes Bank under moratorium, RBI has published the draft for scheme of reconstruction for the bank

Latest News

Here’s why Jammu and Kashmir does not need a law to protect their land but many other states do

In a landmark decision, the Government of India has now decided that any Indian can purchase land in the Union Territory of Jammu and Kashmir.

Bhopal Congress MLA Arif Masood talks of crushing French President’s face, Darul Uloom demands Indian government to condemn France

Congress MLA Arif Masood said that if it had been in his capacity, he would have crushed the face of France President Emmanuel Macron

Kerala: Bineesh Kodiyeri, son of senior CPM leader Kodiyeri Balakrishnan, arrested for money laundering and links with drug smuggler Mohammed Anoop

Kerala CPM leader's son Bineesh Kodiyeri was arrested after ED had unearthed his links to one of the main accused in Sandalwood drug case

Assam becomes the first state to introduce ‘Transgender’ as a gender option in state civil service exam application form

Accepting demand of transgender community, Assam Public service Commission introduces transgender as gender option in exam forms

French Churches mourn victims of Islamic terror attack while their Indian counterparts had opposed providing relief to victims of Islamic persecution

The Churches in France tolled their bells to commemorate and honour the victims of the terrorist attack in Nice.

Recently Popular

‘Modi, Modi’ slogans inside Pakistan National Assembly: Here is what happened

The name of PM Modi echoed on Monday as members of Pakistan's opposition members chanted 'Modi, Modi' slogans inside Pakistan National assembly

Chinese state-run channel shows the portrait of Prophet Muhammad, netizens ask if Muslim nations will boycott China

Arslan Hidayat, an Uyghur Rights Activist, took to Twitter shared a video of a Chinese TV series on Twitter in which it was depicted that an Arab ambassador visiting China during the rule of Tang dynasty gifts a portrait of the Prophet Muhammad to the Chinese emperor.

‘His legs were shivering, head was sweating fearing attack by India’: Pakistani opposition leader reveals why Imran Khan govt had released Abhinandan Varthaman

PML(N) leader Ayaz Sadiq said that Pakistani Foreign Minister had feared that India would attack Pakistan if Abhinandan is not returned

As Pakistan minister admits role in Pulwama attack, Rajdeep Sardesai rushes to his rescue, allows him to ‘clarify’, attack India instead, NDTV follows suit

India Today and NDTV come together to rescue Pakistan minister Fawad Chaudhry after he admitted Terroristan's role in Pulwama attack

Watch: Pro-India accounts disrupt Pakistan’s anti-India online meeting on Zoom, play pro-Hindu and Indian nationalistic songs

Indic social media users caused embarrassment to Pakistani authorities and diplomats after they raided their online event on zoom

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