English हिन्दी
Connect with us

Latest News

RBI places Yes Bank under moratorium, caps withdrawal at Rs 50,000

The Reserve Bank of India placed Yes Bank under a moratorium and restricted withdrawal from the capital-starved bank at Rs 50,000 in the next one month. This restriction came into effect from 6 pm on March 5 and will remain in place till April 3, 2020.

Published

on

The Reserve Bank of India placed Yes Bank under a moratorium and restricted withdrawal from the capital-starved bank at Rs 50,000 in the next one month. This restriction came into effect from 6 pm on March 5 and will remain in place till April 3, 2020.

The RBI also superseded the bank’s board and appointed an administrator for the period.

“This has been done to quickly restore depositors’ confidence in the bank, including by putting in place a scheme of reconstruction or amalgamation,” RBI said.

Since a bank and market-led revival is a preferred option over a regulatory restructuring, the Reserve Bank made all efforts to facilitate such a process and gave the adequate opportunity to the bank’s management to draw up a credible revival plan, which did not materialise. In the meantime, the bank was facing regular outflow of liquidity,” RBI noted.

Yes Bank cannot make an aggregate payment to a depositor of a sum exceeding Rs. 50,000 lying to his credit, in any savings, current or any other deposit account till April 3rd, said a government notification. The RBI however said it may allow payment of over Rs 50,000 to Yes Bank depositors an amount in excess of Rs. 50,000 like expenses for medical treatment, marriage and education.

During this restriction period, the bank can neither grant fresh loans nor renew old loans and is prevented from making investments, or disbursing payments in lieu of its liabilities and obligations.

The decision affected the stocks as shares of Yes Bank on Friday plunged by almost 25 per cent on the Bombay Stock Exchange at Rs 27.65.

On the National Stock Exchange, Yes Bank shares dropped by 20 per cent to Rs 29.45.

The entire banking unit plummeted in opening trade, with RBL Bank trading 15 per cent lower, followed by IndusInd Bank which dropped by 11 per cent, SBI by 7 per cent and Axis Bank by 4 per cent on the BSE.

Yes Bank depositors also multitude of problems today, as they hurried to withdraw cash from ATMs, including closed down machines and long queues.

Latest News

Viral: Female student dances to Gela Gela song in front of her teacher, internet rushes in with witty remarks | Watch

One user took a humorous spin on the video as the user wrote that if these students don’t get more marks then who will get it, distastefully insinuating at the student’s dance can be perceived as a way of flirting with the teacher, who will award her with good marks in return.

Published

on

After dancing videos of students from Allen and Aakash coaching institute, Now another video of a similar nature has gone Viral on the internet where a student can be seen dancing to Gela Gela sung by Adnan Sami, and Sunidhi Chauhan. In the video, a female student can be seen dancing to the song directing her moves at the teacher who is standing beside her.

Another student, who is visible on the camera, can be seen bursting into laughter after watching her classmate directing her moves as the lyrics tum pehli baar mein deewana kargye played out in the background. The students in the classroom, who are not visible in the video, can be heard hooting and clapping at the funny instance. The video has been making rounds on the internet as many Twitter users came up with humorous takes after the video went viral.

One user took a humorous spin on the video as the user wrote that if these students don’t get more marks then who will get it, distastefully insinuating at the student’s dance can be perceived as a way of flirting with the teacher, who will award her with good marks in return.

Another user added to the conversation with a serious take as the student questioned what has happened to the teachers nowadays. The user added that having strict teachers in class must be a form of blessing for the class, suggesting that students nowadays are subjected to the same form of strictness that the generations before used to deal with.

Another video that coincides with the preceding one went viral earlier this month where a student can be seen dancing to Chikni Chameli song on the Teacher’s day in the classroom. The incident allegedly took place in Allen Coaching Institute and drew a lot of flak as well debate about the student dancing. The student in the song can be seen dancing as the students watching her hooted and praised her for her moves during her performance.

Continue Reading

Latest News

Navratri 2022: Mumbai women perform Garba in local train, video viral | WATCH

One user, while admiring the Mumbai culture and calling them innovative, added that the lack of timing in one’s life inspires them to invent newer ways to make time for themselves as well as for the people around them.

Published

on

Mumbai local trains are infamous for all types of nuisances caused by the passengers on the train, however, a video from Mumbai local has come to light where a group of women can be seen in their Navratri spirits performing the Gujarati folk dance, Garba. In the video, a group of women can be seen standing in a circle in the middle of the coach and performing Garba while also singing and clapping in sync according to the Dance steps.

The women in the video can be seen having fun as all of them smile and chuckle throughout the performance. The passengers around also can be seen having fun at the sight of the Navratri Spirit. The video, after surfacing on the internet, has left the internet amused as many users came forward with a humoristic admiration for the dancing women.

One user, while admiring the Mumbai culture and calling them innovative, added that the lack of timing in one’s life inspires them to invent newer ways to make time for themselves as well as for the people around them.

Another user added to the conversation and wrote that this is the life in Mumbai’s lifeline, implying that this is an everyday affair that escalates in Mumbai local and can only happen in Mumbai local.

Another video from Mumbai’s Local went viral recently where an elderly woman can be seen selling chocolates, biscuits, and cakes to earn a living to get by. The Twitter handle that uploaded the video wrote and remarked that some enjoy the luxuries of life whereas some are subjected to hardship and struggle. The user added that this woman and thousands of people like her work hard and earn a living. The user further urged people to buy goods from them as it helps them get by.

After the video went viral, the Hemkunt foundation approached the elderly women to enter their monetary help, however, the elderly women refused any monetary help. The foundation did try to find a common ground as they bought all of her stock for the day and urged her to take a day off.

Continue Reading

India News

Central Government bans PFI and associates for 5 years, Congress MP asks why not RSS

Many BJP leaders have celebrated and welcomed the step taken by the central government as Delhi BJP leader, Kapil Mishra, came forward and wrote on his Twitter that banning PFI is a pivotal step to stop Islamic Jihad.

Published

on

The central government on Tuesday night announced a ban of 5-years on the Popular Front of India (PFI) and its affiliated organizations. The ban comes to light after a nationwide crackdown on the PFI and its associated by the investigative agencies which was carried out in the span of 2 weeks and resulted in 247 arrests so far.

The Central government in their declaration informed that PFI and its associates have been banned under the Unlawful Activities (prevention) act (UAPA). The center also cited that the political organization has been linked with the Students Islamic Movement of India (SIMI), Jamat-ul-Mujahideen Bangladesh (JMB), and the Islamic State (ISIS).

The Home Ministry in their issued statement added that the PFI has been pursuing a secret agenda to radicalize a sect of the society and added that the organization and its affiliates have the potential to disturb the peace and communal harmony by jeopardizing the integrity, sovereignty, and security of the country.

Throughout the Nationwide raids on PFI and its affiliates, in a collaborative effort by the NIA and ED and the administration were able to cover 15 states which led to 100 arrests on 22 September. Whereas, in the second round, 27 of September, the toll of arrests tallied up to 247 arrests according to the reports.

The affiliated organizations which are banned for 5 years include Rehab India Foundation (RIF), Campus Front of India (CF), All India Imams Council (AIIC), National Confederation of Human Rights Organisation (NCHRO), National Women’s Front, Junior Front, Empower India Foundation and Rehab Foundation, Kerala.

The decision to ban the organization and its affiliates was considered based on the investigative agency’s reports. The ban was also implemented after considering the recommendations from three states, Karnataka, Gujarat, and Uttar Pradesh.

Many BJP leaders have celebrated and welcomed the step taken by the central government as Delhi BJP leader, Kapil Mishra, came forward and wrote on his Twitter that banning PFI is a pivotal step to stop Islamic Jihad.

However, Congress party’s MP Kodikunnil Suresh scrutinized the center’s ban on PFI and added that it is not the solution and further remarked that the Rashtriya Swayam Sevak Sangh is also a counterpart to the threat of harmony as the RSS is also spreading Hindu communalism throughout the country. Why is RSS not being subjected to such bans asked Congress leader.

Continue Reading

Trending

-->

© Copyright 2022 APNLIVE.com