Due to the COVID-19 pandemic, Bank of Maharashtra is faxing an ire of business opportunity

According to the Moneylife, the bank, Bank of Maharashtra has finally withdrawn a circular that is urging the staff for viewing the COVID-19 pandemic as a business opportunity in order to sell the insurance products. On this, finally the bank issues an apology for their statement and the backlash and hatred they got on social … Read more Due to the COVID-19 pandemic, Bank of Maharashtra is faxing an ire of business opportunity

RBI governor asked YES bank customer to keep calm and not panic

Because of the limit imposed on the withdrawal of money from YES bank, people got tensed and now since it has been removed, people are withdrawing their money in hurry. On this, the RBI governor Shiktikanta das made a press conference and here are the updates from the same. 1Yes Bank’s revival plan will work: … Read more RBI governor asked YES bank customer to keep calm and not panic

There is no outstanding loan from YES bank- Indiabulls housing finance

The big housing finance company, indiabulls housing finance made a statement on Sunday that the company and the promoters do not have any outstanding term loan pending from YES bank. They wanted to clarify the rumours spread on social media and that’s why they came up with this statement. The statement reads, “In relation to … Read more There is no outstanding loan from YES bank- Indiabulls housing finance

RBI asked state government to not move deposits from Private banks

The Reserve Bank of India (RBI) has requested the state government to not move the funds out of the private banks. It said that apprehension about the safety of deposits in private lenders are highly misplaced. RBI said in a letter written to chief secretaries of all states, that it wouldn’t be good for the … Read more RBI asked state government to not move deposits from Private banks

According to the reports, ATM Re calibration to see the phase out of Rs 2000 notes

Demonitisation was a big step taken by the government of India. Because of that, a lot of black money got destroyed and the country also faces many major issues like lacking of physical money as well. Government also introduced the 2000 rs notes to the country. However, according to the reports, the Rs 2,000 may … Read more According to the reports, ATM Re calibration to see the phase out of Rs 2000 notes

Customers withdrew INR 18,100 crore during March-September 2019, as they sensed something wrong with YES bank

YES bank is having a worse time and also has put a limit of INR 50,000 on the withdrawal of money. And the customers are panicking because of the situation. They are not feeling their money safe in the YES Bank account for the obvious reasons. However, if we see the withdrawal of last year, … Read more Customers withdrew INR 18,100 crore during March-September 2019, as they sensed something wrong with YES bank

Banks are well capitalised and nothing is to worry about- CEA Subramanian

Indians are not able to decide whether they should trust the Indian banks any more or not. There are so many cases where the bank have proven the Indians wrong and now, people are not sure if they really should trust them and keep their money in the banks or to their own. On this, … Read more Banks are well capitalised and nothing is to worry about- CEA Subramanian

Now you can not withdraw more than INR 50,000 from YES bank

Now, if you are an account holder of YES Bank, then you must know that The reserve bank of India has imposed a restriction on not withdrawing more than INR 50,000 per account. This is going to be valid from 5th march to 3rdApril. However, in few cases like any fee or donation of college, medical … Read more Now you can not withdraw more than INR 50,000 from YES bank

Now the ban on cryptocurrencies are considered as disproportionated by SC

For all the people trading in cryptocurrency, there is finally a relief due to the recent verdict on the ban on crypto currency. Reserve bank of India had stated that dealing in crypto currency is not valid and legal. However, finally due to the verdict made on Wednesday, the ban on crypto currency is disproportionated. … Read more Now the ban on cryptocurrencies are considered as disproportionated by SC