Crisis-hit Bank In India

The bank's staff discovered the missing cash and alerted the police, suspecting a possible theft during the two-month closure.

The World Bank does not plan to offer new financing to crisis-hit Sri Lanka until an "adequate" macroeconomic policy framework is in place, the global funding body has said.

A large protest was held yet again in Bengaluru by depositors of the crisis-hit Guru Raghavendra Cooperative Bank as they urged the Reserve Bank of India to resolve their issues without delay. The bank had hit the headlines in January last year when the RBI began an investigation into the financial irregularities amounting to over Rs 1,400 crore.

A huge protest broke out yet again in Bengaluru today to seek relief for the depositors of the crisis-hit Guru Raghavendra Cooperative Bank as they urged the Reserve Bank of India to remove withdrawal restrictions without delay.

This week, the government approved the merger of crisis-hit Lakshmi Vilas Bank into DBS Bank India, a unit of Southeast Asia's largest lender, DBS. Lakshmi Vilas Bank (LVB) will now operate as DBS Bank India, with restrictions on withdrawals from its customers' accounts now lifted. The development comes days after withdrawals from Lakshmi Vilas Ban...

Hundreds of depositors of the crisis-hit Sri Guru Raghavendra Bank in Bengaluru, most of them senior citizens, queued up amid the coronavirus pandemic to withdraw whatever they could after the Reserve Bank of India recently increased the limit to Rs 1 lakh, including the earlier Rs 35,000.

Reliance Group chairman Anil Ambani appeared before the Enforcement Directorate in Mumbai this morning, in connection with a money-laundering probe into crisis-hit Yes Bank

Crisis-hit Yes Bank is set to resume full banking operations starting 6 pm today, paving way for its troubled depositors to make withdrawals without any restrictions. The Reserve Bank of India (RBI) had earlier superceded Yes Bank's board and imposed a moratorium on the beleaguered private sector bank, permitting customers to only take out up to Rs...

Central probe agency Enforcement Directorate has issued a fresh summon to Reliance Group chief Anil Ambani in connection with an alleged money laundering case involving the crisis-hit Yes Bank, officials have said.

The government has notified the reconstruction scheme for crisis-hit Yes Bank and has said that the restrictions on withdrawals from its accounts up to Rs 50,000 will be lifted in "three working days", which is by Wednesday.

The Central Bureau of Investigation (CBI) has registered a fresh case against crisis-hit Yes Bank's founder Rana Kapoor and his wife Bindu Kapoor in connection with the purchase of a property in a prime location in Delhi. The house was bought by Ms Kapoor.

Finance Minister Nirmala Sitharaman said on Friday that the Union Cabinet had approved a reconstruction scheme for Yes Bank as proposed by the Reserve Bank of India. "State Bank of India will invest up to 49 per cent equity in Yes Bank and other investors are also being invited," the Finance Minister said, addressing the media after a meeting of th...

Crisis-hit private sector lender Yes Bank said on Tuesday that customers can now make certain payments through its instant money transfer services National Electronic Funds Transfer (NEFT) and Immediate Payment Service (IMPS). In a post on Twitter in morning, Yes Bank said its customer can pay "their credit card dues" and "loans from other bank acc...

Yes Bank founder Rana Kapoor, his wife and three daughters are among 13 accused named by the CBI in a spiraling investigation into bribery and money-laundering linked to India's fourth largest private lender. The charges were filed on a day of raids in seven locations linked to the family.

Rana Kapoor, the founder and former managing director of crisis-hit Yes Bank, was sent to the custody of the Enforcement Directorate until Wednesday by a court in Mumbai on Sunday following his arrest on money-laundering charges while the Central Bureau of Investigation (CBI) filed a separate case against him for corruption.

The bank's staff discovered the missing cash and alerted the police, suspecting a possible theft during the two-month closure.

The World Bank does not plan to offer new financing to crisis-hit Sri Lanka until an "adequate" macroeconomic policy framework is in place, the global funding body has said.

A large protest was held yet again in Bengaluru by depositors of the crisis-hit Guru Raghavendra Cooperative Bank as they urged the Reserve Bank of India to resolve their issues without delay. The bank had hit the headlines in January last year when the RBI began an investigation into the financial irregularities amounting to over Rs 1,400 crore.

A huge protest broke out yet again in Bengaluru today to seek relief for the depositors of the crisis-hit Guru Raghavendra Cooperative Bank as they urged the Reserve Bank of India to remove withdrawal restrictions without delay.

This week, the government approved the merger of crisis-hit Lakshmi Vilas Bank into DBS Bank India, a unit of Southeast Asia's largest lender, DBS. Lakshmi Vilas Bank (LVB) will now operate as DBS Bank India, with restrictions on withdrawals from its customers' accounts now lifted. The development comes days after withdrawals from Lakshmi Vilas Ban...

Hundreds of depositors of the crisis-hit Sri Guru Raghavendra Bank in Bengaluru, most of them senior citizens, queued up amid the coronavirus pandemic to withdraw whatever they could after the Reserve Bank of India recently increased the limit to Rs 1 lakh, including the earlier Rs 35,000.

Reliance Group chairman Anil Ambani appeared before the Enforcement Directorate in Mumbai this morning, in connection with a money-laundering probe into crisis-hit Yes Bank

Crisis-hit Yes Bank is set to resume full banking operations starting 6 pm today, paving way for its troubled depositors to make withdrawals without any restrictions. The Reserve Bank of India (RBI) had earlier superceded Yes Bank's board and imposed a moratorium on the beleaguered private sector bank, permitting customers to only take out up to Rs...

Central probe agency Enforcement Directorate has issued a fresh summon to Reliance Group chief Anil Ambani in connection with an alleged money laundering case involving the crisis-hit Yes Bank, officials have said.

The government has notified the reconstruction scheme for crisis-hit Yes Bank and has said that the restrictions on withdrawals from its accounts up to Rs 50,000 will be lifted in "three working days", which is by Wednesday.

The Central Bureau of Investigation (CBI) has registered a fresh case against crisis-hit Yes Bank's founder Rana Kapoor and his wife Bindu Kapoor in connection with the purchase of a property in a prime location in Delhi. The house was bought by Ms Kapoor.

Finance Minister Nirmala Sitharaman said on Friday that the Union Cabinet had approved a reconstruction scheme for Yes Bank as proposed by the Reserve Bank of India. "State Bank of India will invest up to 49 per cent equity in Yes Bank and other investors are also being invited," the Finance Minister said, addressing the media after a meeting of th...

Crisis-hit private sector lender Yes Bank said on Tuesday that customers can now make certain payments through its instant money transfer services National Electronic Funds Transfer (NEFT) and Immediate Payment Service (IMPS). In a post on Twitter in morning, Yes Bank said its customer can pay "their credit card dues" and "loans from other bank acc...

Yes Bank founder Rana Kapoor, his wife and three daughters are among 13 accused named by the CBI in a spiraling investigation into bribery and money-laundering linked to India's fourth largest private lender. The charges were filed on a day of raids in seven locations linked to the family.

Rana Kapoor, the founder and former managing director of crisis-hit Yes Bank, was sent to the custody of the Enforcement Directorate until Wednesday by a court in Mumbai on Sunday following his arrest on money-laundering charges while the Central Bureau of Investigation (CBI) filed a separate case against him for corruption.