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Sunday, May 31, 2020

TOPIC

Banking sector

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

RBI takes over management of Yes Bank and imposes restrictions on withdrawals: All you need to know about the latest crisis in banking sector

RBI imposes moratorium on Yes Bank for a month, caps withdrawals at ₹50,000 and suspends board

RBI relaxes withdrawal limit for PMC Bank account holders from Rs 1,000 to Rs 10,000 per account

The Reserve Bank of India had earlier enforced regulatory restrictions on the PMC bank limiting its customers from withdrawing not more than Rs 1000.

Latest News

Latest updates and important links about COVID-19 coronavirus

Live statistics and tracking of news related to COVID-19 coronavirus with focus on India.

Unelected people think they can impose their will on the government through courts: Harish Salve

Harish Salve said that one may not agree with the judgment of the court but saying that the court does not stands with the people is wrong.

India emerges as fifth-largest hydropower producer in the world overtaking Japan

As per International Hydropower Association, India has a total installed base at 50 Gigawatt after Canada, the US, Brazil, and China.

UP Power Minister Shrikant Sharma orders to close all drains opening in Yamuna river till February

Expressing concern over the situation of Yamuna, UP power minister ordered to close all drains opening in the river till February

‘We want court and Govt to end Babri Masjid Demolition Case,’ says Ram Mandir dispute petitioner Iqbal Ansari after losing the case

Ansari further added that the Special CBI Court, overseeing the Babri Masjid Demolition case, must look to deliver speedy closure.

Recently Popular

ISKCON rejects Shemaroo Entertainment’s ‘apology’, to proceed with legal action against comedian Surleen Kaur for abusive, derogatory statements

A complaint had been filed by ISKCON organisation against comedian Ms Surleen Kaur and Shemaroo Entertainment Ltd for her abusive, derogatory remarks against the organisations, saints and Hindus.

ISKCON files complaint against comedian Surleen Kaur and Shemaroo Entertainment Ltd for a video where ISKCON devotees were called ‘harami porn-waley’

Surleen Kaur had said in the video published by Shemaroo ‘no doubt we are from ISKCON, but from inside we are all harami porn lovers’.

Woman raped by Moulvi Aslam, media gives it a ‘Hindu spin’ by using image of a saffron-clad Hindu priest and describing the perpetrator as...

A Muslim sorcerer claiming to relieve people of their miseries through his wizardry was depicted as a Hindu priest by media organisations

Dangal actress Zaira Wasim quits Twitter and Instagram after being criticised for ridiculous post insinuating locust attack is ‘Allah’s wrath’

Dangal actress Zaira Wasim has quit Twitter and Instagram after receiving criticism for her insensitive post.

Twist in the tale: ISKCON accepts apology of Shemaroo, says won’t pursue its case against the company for Surleen Kaur video that insulted ISKCON...

ISKCON further stated that it does not believe in vengeance and instead acts in accordance to moral, ethical and legal values.
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