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....
Finance Minister Nirmala Sitharaman has said that no instructions were given to banks to stop issuing Rs 2000 notes as reports suggest that the high denomination...
The Karnataka bank situation reminds of the Punjab and Maharashtra Co-operative (PMC) bank crisis of 2019, when it was revealed that the PMC bank defaulted on...
The Reserve Bank of India (RBI) on Tuesday imposed a penalty of Rs. 1 crore on Bandhan Bank for not bringing down the promoter shareholding to...
Manmohan Singh today said he didn't see the economy reaching the 5 trillion dollar target by 2024, with gradual decline in growth. He also said the...
Moody’s slashed its growth forecast for India to 5.8% due to economic slowdown caused by long-lasting factors like rural fiscal stress and unemployment
With global economic slowdown, growth in 2019-20 will fall to its lowest since the beginning of the decade, affecting emerging market economies such as India more.
Rakesh Wadhawan and his son Sarang Wadhawan, promoters of HDIL that set off the massive crisis at the Punjab Maharashtra Co-operative (PMC) Bank, were arrested today.
[vc_row][vc_column][vc_column_text]The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) headed by Governor Shaktikanta Das today (Wednesday, Aug 7) cut the key interest rate for the...
In a massive crackdown on banking scams, the CBI today (Tuesday, July 2) carried out searches at 50 locations in 18 different cities in a coordinated...