Yes Bank should’ve been overseen by a Resolution Authority, depositors shouldn’t have had to face moratorium. Now SBI or LIC shouldn’t be forced to buy it.
SBI Cards & Payment Services IPO received orders for 22.5 times the shares on offer. It’s a strong showing for India’s first billion-dollar IPO since 2017.
The rescue plan will throw a lifeline to Yes Bank which has been struggling to raise capital since the middle of last year, as it has faced a surge in bad loans.
SBI chairman Rajnish Kumar says he’s certain ‘some solutions will emerge’ to steady Yes Bank, which has been on a prolonged quest to raise new capital.
The dynamics between Europe and Russia have gone so south that mending fences looks like an uphill task—even as the US swings between sanctions and olive branches.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
Above all else, the Yes Bank crisis shows the mindless licensing of banks by the RBI and Government without any caution. Why does India need so many banks, for heaven’s sake? There are enough of these incompetent nstitutions to last more than a lifetime of a country!
Stop this nonsense now and consolidate them into a few efficient ones, private or public! i
Above all else, the Yes Bank crisis shows the mindless licensing of banks by the RBI and Government without any caution. Why does India need so many banks, for heaven’s sake? There are enough of these incompetent nstitutions to last more than a lifetime of a country!
Stop this nonsense now and consolidate them into a few efficient ones, private or public! i