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Customers of Yes Bank queue up to withdraw money from their accounts at an Automated Teller Machine (ATM) in Mumbai. (AFP)

ED arrests 'uncooperative' Yes Bank founder Rana Kapoor

The agency is probing money-laundering and lending practices that pushed the bank to the edge

8 March 2020 9:27 AM IST

Supreme Court overturned on Wednesday a central bank ban forbidding lenders to facilitate banking transactions for cryptocurrency exchanges and traders.

Supreme Court quashes RBI banking ban on cryptocurrency

In April 2018, RBI gave entities it regulated 3 months to snap all banking relationships with individuals dealing in...

4 March 2020 11:41 AM IST

About 20% SBI borrowers avail loan repayment moratorium; banks can go for debt recast says SBI Chairman Rajnish Kumar. (PTI Photo)

About 20% SBI borrowers opt for loan repayment moratorium: Chairman...

Kumar also advised borrowers to pay their loans if they are not facing any funding challenge

23 May 2020 9:19 AM IST

RBI Guv Shaktikanta Das address press after govts relief package. (PTI Photo)

RBI cuts repo rate, extends loan moratorium, projects negative GDP...

RBI Governor Shaktikanta Das extended the moratorium period by another three months from June 1 to August 31 due to...

22 May 2020 11:13 AM IST

Foreign investors have pulled out an estimated USD 26 billion from developing Asian economies and over USD 16 billion out of India. (AFP Photo)

Foreign investors pull out $26 billion from Asian economies, $16...

The small decline in orders in March is likely to give way to a collapse in investment across this quarter

20 May 2020 12:47 PM IST

RBI may extend moratorium on repayment of loans for three more months. (PTI Photo)

RBI may extend moratorium on repayment of loans for three more months,...

In March, RBI had allowed a three-month moratorium on payment of all term loans due between 1 March, 2020 and 31 May,...

18 May 2020 2:46 PM IST

RBI may extend bank loan moratorium by another 3 months to help people, industry impacted by lockdown. (PTI Photo)

RBI may extend bank loan moratorium by another 3 months amid lockdown

RBI allowed banks and financial institutions to offer a moratorium of three months on payment of instalments of all term...

5 May 2020 2:18 PM IST

Carmakers tie-up with banks to offer low interest rate schemes to attract customers. (Photo- PTI)

Carmakers tie-up with banks to offer low interest rate schemes to...

So far, at least Maruti Suzuki, Hyundai and Mercedes Benz have launched such schemes, according to press releases over...

2 Jun 2020 4:16 PM IST

Indias economic outlook has worsened again as business activity slows and COVID-19 infections soar. (PTI Photo)

India's economic recovery at risk as COVID-19 surges, dull outlook...

In the quarter just gone by, the Indian economy is forecast to have shrunk 20.0%, the first double-digit contraction

30 July 2020 1:28 PM IST

HDFC Chairman Deepak Parekh requested the RBI for a one-time restructuring of loans. (PTI Photo)

Don't extend loan moratorium, able corporates not paying loans: HDFC's...

If the moratorium is extended by another three months, then it is going to hurt us and smaller NBFCs particularly, said...

27 July 2020 4:03 PM IST

Infrastructure push can re-ignite economic growth, says RBI Governor Shaktikanta Das. (PTI Photo)

Need to conclude free trade agreements with US, others: RBI Governor

Stating that recent agriculture reforms have opened new opportunities, the RBI Governor said the farm sector is emerging...

27 July 2020 1:18 PM IST

RBI Governor Shaktikanta Das on Thursday warned banks that being overly risk averse will be self-defeating. (PTI Photo)

Extreme risk aversion can be self-defeating: RBI Governor warns banks

Rather than becoming averse to lending, banks have to improve their risk management and governance frameworks, Das said

27 Aug 2020 12:25 PM IST