Banking sector

The cabinet on Wednesday passed an ordinance to extend the Reserve Bank of India's supervision over the cooperative banks

Nearly Rs 1,051 crore have been delivered by India Post in as many as 59 lakh transactions during the lockdown period

Quoting the IMF projection of 1.9% (GDP) growth, the RBI Governor said that India's growth would be the highest among the G20 countries

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.

The ED had sought information regarding terms and conditions, side agreements of the loans disbursed by Yes Bank to Anil Ambani for his construction company.

The fact that Bliss Abode Pvt Ltd. (where Kapoor was a co-borrower) bought the property (in charge with Yes Bank, the founder of which is Rana Kapoor) was a clear case of conflict of interest. This vital information was withheld from the Yes Bank Board and the MCC in violation of the bank's code of conduct and the Companies Act, 2013.

The founder of the crisis-hit YES Bank, Rana Kapoor, was arrested by the Enforcement Directorate (ED) on Sunday around 3 am in Mumbai.

The Twitter confrontation with PayTM happened after PhonePe was forced to temporarily suspended its services

After placing Yes Bank under moratorium, RBI has published the draft for scheme of reconstruction for the bank

RBI imposes moratorium on Yes Bank for a month, caps withdrawals at ₹50,000 and suspends board