Finance

YES Bank revival scheme: RBI announces reconstruction plan for capital-starved bank, what it means

As per the Scheme of Reconstruction, the Reserve Bank invited suggestions and comments from members of the public, including the banks' shareholders, depositors and creditors on the draft scheme.

Mar 6, 2020

Have an account with Yes Bank? Here's what you can do

Retail depositors with their money with Yes Bank across the country are in a state of panic and have been withdrawing money as much as they can.

Mar 6, 2020

Nirmala Sitharaman reacts on Yes Bank crisis: FM assures depositors, says 'Money is safe'

"I want to assure all the depositors that their money is safe, I am constantly in touch with the Reserve Bank of India (RBI). The steps that are taken are in the interest of the depositors, the bank & the economy," Sitharaman stated.

Mar 6, 2020

SBI chief meets FM Sitharaman over Yes Bank crisis: 'Will take a call after RBI plan is in'

Following the meeting, the SBI chairman assured the depositors that the interest of Yes Bank depositors will be protected and there is no need to panic.

Mar 6, 2020

Yes Bank shares plunge over 70% after RBI caps withdrawals, SBI demands suspension of trading

The State Bank of India, which gave "in-principal" nod to buy a stake in the beleaguered private lender, demanded that trading of Yes Bank's shares should be suspended till the announcement of formal restructuring by the Reserve Bank of India.

Mar 6, 2020

Yes Bank turns 'No' Bank: RBI takes over board, withdrawals capped at ₹ 50,000; SBI approves investment

A notification issued by the finance ministry on March 5 stayed that the "commencement or continuance of all actions and proceedings" against the bank. The withdrawal limits will remain in effect until April 3, 2020.

Mar 6, 2020

Cryptocurrency ban lifted by RBI in India: What the SC ruling means?

The SC lifted the cryptocurrency ban imposed by RBI in early 2018, which prevented financial institutions in India from providing banking services to cryptocurrency companies. Industry experts hail SC's bold move, but advise users on exercising caution trading in crypto and companies to improve AML policies and ensure data privacy.

Mar 5, 2020

Schemes by Ministry of Finance for Women Empowerment in India

Women's Day 2020: Women empowerment schemes in India since 2014

Besides allocation of Rs. 16712.72 crore under the Stand-Up India scheme for women empowerment, the Ministry of Finance has launched various schemes with special provisions to benefit women and help them accentuate their dreams in the last six years, since 2014.

Mar 3, 2020

Government asks banks to process 1.18 lakh pending PMEGP loan applications by March 15

Banks were asked by the Government to release the loans in approved cases immediately. The financial institutions are requested to take up about 1.18 lakh pending PMEGP loan applications latest by March 15, with special emphasis on the North Eastern Region (NER).

Mar 2, 2020

Government enables farmers secure loan upto Rs 3 lakh at 4% interest through KCC scheme

In an intent to free farmers from the clutches of money lenders, the government introduced the Kisan Credit Card (KCC) scheme to enable farmers to secure loans up to Rs 3 lakh at a 4% interest rate on the condition of timely repayment. The government has set an estimate of Rs 20,000 crore which will be utilized to sanction loans to KCC cardholders.

Mar 2, 2020

No delay in mega-merger of 10 PSU banks from April 1, loans will be restructured: Nirmala Sitharaman

The speculation around mega-merger of 10 PSU banks to be delayed by at least 6 months owing to regulatory hurdles and need for extra funds to manage the merger has been put to rest. Finance Minister, Nirmala Sitharaman confirmed the merger will indeed happen on April 1.

Feb 28, 2020

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Finance

YES Bank revival scheme: RBI announces reconstruction plan for capital-starved bank, what it means

Have an account with Yes Bank? Here's what you can do

Nirmala Sitharaman reacts on Yes Bank crisis: FM assures depositors, says 'Money is safe'

SBI chief meets FM Sitharaman over Yes Bank crisis: 'Will take a call after RBI plan is in'

Yes Bank shares plunge over 70% after RBI caps withdrawals, SBI demands suspension of trading

Yes Bank turns 'No' Bank: RBI takes over board, withdrawals capped at ₹ 50,000; SBI approves investment

Cryptocurrency ban lifted by RBI in India: What the SC ruling means?

Women's Day 2020: Women empowerment schemes in India since 2014

Government asks banks to process 1.18 lakh pending PMEGP loan applications by March 15

Government enables farmers secure loan upto Rs 3 lakh at 4% interest through KCC scheme

No delay in mega-merger of 10 PSU banks from April 1, loans will be restructured: Nirmala Sitharaman

Exploring new dimensions of banking in India for customers in near future: RBI

"Cash is king but digital is divine" says RBI

Ayushman Bharat Scheme: Nirmala Sitharaman slashed budget to half; here's why

Budget 2020: Fund allocation to PM Kisan scheme may be cut by 20%

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]