Tuesday, October 19, 2021

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Reserve Bank of India

Coronavirus Outbreak: Banks start rolling out EMI moratorium scheme, know the details and impacts

If EMI moratorium is availed, total interest payable on the loan will go up, resulting in an increase in the number of EMIs to be paid

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 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

Tech-giant Google recognises success of India’s UPI, recommends US Federal Reserve to implement similar model

Tech-giant Google has recommended that the US Federal Reserve implement a real-time payments platform similar to India's UPI.

Reserve Bank of India clarifies that it has not sold any gold or trading in it, refutes the ET report categorically

Tweaking its headline a bit, the ET had falsely reported that RBI has begun to sell some of its gold again despite their own reports suggested that RBI had bought more gold rather than selling from its reserves.

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.

After RBI’s restrictions on PMC bank, customers file police complaint against bank officials

The Reserve Bank of India on Tuesday imposed restrictions on PMC Bank (Punjab and Maharashtra Cooperative Bank), a Mumbai based urban cooperative bank

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