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RBI eases cash rules for banks amid fears of credit crunch

Economy

27 September, 2018

RBI eases cash rules for banks amid fears of credit crunch

The Reserve Bank of India (RBI) eased mandatory cash requirement rules for banks on Thursday and assured jittery markets it ......

US Fed raises interest rates, signals more hikes

Economy

27 September, 2018

US Fed raises interest rates, signals more hikes

The U.S. Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as ......

YES Bank will ask RBI for more time to find CEO Rana Kapoor's successor

Finance

25 September, 2018

YES Bank will ask RBI for more time to find CEO Rana Kapoor's successor

India's Yes Bank Ltd said on Tuesday it would seek the central bank's approval to extend Chief Executive Officer Rana ......

YES Bank loses over $3 bn in market value after RBI trims CEO's term

Finance

21 September, 2018

YES Bank loses over $3 bn in market value after RBI trims CEO's term

Indian private sector lender Yes Bank Ltd's shares tumbled nearly a third on Friday, wiping as much as $3.1 billion ......

Rana Kapoor's tenure to end in Jan as RBI gives YES Bank 4 months to find new CEO

Finance

19 September, 2018

Rana Kapoor's tenure to end in Jan as RBI gives YES Bank 4 months to find new CEO

The Reserve Bank of India (RBI) has allowed Yes Bank Ltd Chief Executive Rana Kapoor to continue in the role ......

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Impact VC investors' planned exit from Indian School Finance faces RBI hurdle

Finance

14 September, 2018

Impact VC investors' planned exit from Indian School Finance faces RBI hurdle

Manappuram Finance Ltd’s proposal to acquire Indian School Finance Company Pvt. Ltd (ISFC) has run into a regulatory hurdle, placing ......

Rupee breaches 72 to the dollar for first time

Markets

06 September, 2018

Rupee breaches 72 to the dollar for first time

The Indian rupee breached the 72 to the dollar mark for the first time on Thursday, extending losses as a ......

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India's mid-size bad loans resolution process from this month: Project Sashakt's Mehta

Finance

03 September, 2018

India's mid-size bad loans resolution process from this month: Project Sashakt's Mehta

In early July, a panel led by Sunil Mehta, non-executive chairman at Punjab National Bank, proposed a five-pronged Project Sashakt ......

Rupee hits record low of 71 per dollar on global trade tensions

Markets

31 August, 2018

Rupee hits record low of 71 per dollar on global trade tensions

The rupee fell to a record 71 per dollar in opening trade on Friday, tracking weakness in almost all other ......

Demonetisation: Banks got back almost all banned notes, says RBI

Economy

29 August, 2018

Demonetisation: Banks got back almost all banned notes, says RBI

Indians returned almost the entire amount of currency withdrawn in the government's note ban of November 2016, raising fresh questions ......