Indian Banking & Finance News
PayTM is rapidly growing which used to be a wallet but now is a bank. And today, the newly made Paytm payments bank has announced that they are going to start issuing the Visa debit card to their users. They are expecting to target and issue around 10 million digital debit cards in the financial … Read more PayTM payment banks issuing visa debit card
Recently after the whole incident of YES bank, the shares of the bank has surged over 1000% in total of seven sessions after the eight lenders finally agreed to a bailout package along with the State bank of India. On tuesday, the newly appointed management said that YES bank is going to resume the normal … Read more In 7 sessions, YES bank surges over 1000%
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
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
YES bank has gotten the worse this year. Reserve Bank of India is has imposed a withdrawal limit to YES bank but now, the moratorium on withdrawals will get lifted that will happen after the three working days, on Wednesday on 6PM. Recently on March 5th, The RBI superseded the YES bank’s board and capped … Read more YES bank withdrawal limit to end on Wednesday 6PM
State Bank of India is the biggest bank of India and on Wednesday, it has lowered their marginal cost of funds that are based on lending rate by 10-15 basis points across the tenors. All of this besides lowering the deposit and saving rates. The cut will be effective from 10th March and the 1 year … Read more SBI has lowered the lending and saving rates
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
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
We all know the current condition of YES bank. From the restriction to the arrest warrant of the Founder of the bank, it is all going down. Now, YES bank has enabled inward NEFT/IMPS services. To keep it simple and easy for all, it means that now, everyone can use the other bank accounts if … Read more Yes Bank enables inward IMPS/NEFT services
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
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
As we know, The reserve bank of India has stated and made a restriction on all the bank account holders of YES bank to not withdraw more than 50,000 INR from the bank till 3th April. The restriction is valid from 6th march to 3rd April. However, if there is some emergency of funds, then the request … Read more Same pay for 1 year for all the employees of 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
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
Now, as the private lender’s net worth is only 0 and has lack of clarity on the bank’s deposit franchise because of some solvency issues, Other banks like PSU and SBI need not to pay more than INR 1 to the Yes Bank stakes. Govt is now considering a SBI let consortium for taking over … Read more Yes Bank- SBI Doesn’t have to pay more than INR 1 for Yes bank stakes