YES Bank slips 7% even as Capital Int'l commits to invest $120 million
YES bank plans to raise $2 billion on a preferential allotment basis from eight investors.
Paytm payments bank eyes small fin model
Sharma said the payments bank will approach the government and the banking regulator for a small finance bank licence as it can leverage the model using technology enabled low-cost operations — a central theme of small finance banks, according to the RBI.
Forex reserve hits a new high of $451.7 billion
Since the beginning of the current fiscal, the forex kitty has gained by $38.8 billion as of December 3.
RBI to introduce new prepaid payment instrument for digital transactions up to Rs 10,000
RBI proposed to introduce a new type of prepaid payment instruments (PPIs) which can be used only for the purchase of goods and services up to a limit of Rs 10,000. You can load/re-load such PPI only from a bank account to pay your bills.
RBI revises inflation projection upwards in view of rising food prices
Following the slide in economic growth to 4.5 per cent the last quarter — the worst numbers in more than six and half years — the RBI was expected to further cut policy rates, but ended up holding the repo rate at 5.15 per cent.
PNB fraud: PMLA court declares Nirav Modi as fugitive economic offender
Nirav is the second businessman after Vijay Mallya to be declared a fugitive economic offender under provisions of the new Fugitive Economic Offenders Act, which came into existence in August last year. Nirav and his uncle Mehul Choksi are the prime accused in PNB fraud case, related to alleged fraudulent issuance of LoU that caused a loss of over $2 bn to the PSB.
RBI raises aggregate exposure limit to Rs 50 lakh on P2P lending platforms
Further, it is also proposed to do away with the current requirement of escrow accounts to be operated by bank promoted trustee for transfer of funds having to be necessarily opened with the concerned bank.
RBI's downgrading of FY20 growth means the $5 trillion GDP goal may have to wait longer
RBI has revised growth forecasts to 4.9-5.5% for H2 of this fiscal and 5.9-6.3% for H1 2020-21.
US-based Capital Int’l commits to invest $120 million in YES Bank
The bank plans to raise $2 bn on a preferential allotment basis from eight investors.
Cutting rates by 25 bps won’t help economy; govt has to spend: Mythili Bhusnurmath
Given that anyway fiscal deficit target will be breached, why not do it for something that might get the economy kick started?
Buzzing stocks: Vodafone Idea, YES Bank, Bharti Airtel, RIL
The NSE Nifty index was trading 28.45 points up at 12,084.50.
DHFL: RBI retains its 3-member advisory panel
On November 22, the central bank had constituted a three-member advisory committee.
Banking, oil & gas get lion’s share of FPI flows
FPIs have sold shares in sectors such as pharma, IT, utilities, textiles, FMCG and auto.
IDBI Bank to raise Rs 1,500 crore from asset sales: CEO
The government appointed Sharma in October 2018 to manage the transition of the bank’s ownership to Life Insurance Corporation of India.
Chanda Kochhar's termination as CEO-MD as per law: ICICI Bank to HC
Kochhar had moved the Bombay High Court challenging ICICI Bank's decision to terminate her despite the bank having approved her request for early retirement.
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