RBI committee recommends reshaping domestic banking industry
MUMBAI Nov 21,2020: A working group at India’s central bank has recommended a series of changes that could transform the country’s ...
Centre places Lakshmi Vilas Bank under moratorium
New Delhi,Nov 17,2020: Lakshmi Vilas Bank (LVB) has been placed under moratorium for a month, with depositors restricted from ...
Govt waives interest on interest for loans up to ₹2 crore
NEW DELHI:Oct 24,2020: The finance ministry has issued guidelines for a scheme for grant of ex-gratia payment of difference between ...
RBI keeps benchmark lending rate unchanged at 4 per cent
Oct 09,2020:Maintaining status quo for the second time in a row, Reserve Bank of India on Friday decided to keep benchmark interest ...
SBI to invest 17.60 billion rupees in Yes Bank
BENGALURU,08,2020: State bank of India, country’s largest lender’s executive committee has approved a further investment of upto ...
Nirmala Sitharaman to move the Banking Regulation (Amendment) Bill
New Delhi, Mar 19,2020: Union Finance Minister Nirmala Sitharaman will move the Banking Regulation (Amendment) Bill, 2020 for ...
Yes Bank founder arrested on money laundering allegations
Mar 9,2020:The founder of India’s Yes Bank was arrested on allegations of money laundering Sunday, amid efforts to formulate a ...
Cryptocurrency panel for ban on private digital currencies
The committee set up to look into the legality of cryptocurrencies and blockchain has submitted its report to the Finance Ministry ...
SC gives RBI last chance to give bank info under RTI
New Delhi . Apr 26 : The Supreme Court on Friday granted the last opportunity to the Reserve Bank of India to comply with its order ...
Supreme Court upholds bankruptcy code
MUMBAI : Supreme Court on Friday rejected petitions challenging the country’s bankruptcy laws, including a rule that bans owners ...