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Cabinet approves amendment to DICGC Act
Once the Bill becomes law, it will provide immediate relief to thousands of depositors, who had their money parked in stressed lenders
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Don’t get swayed away by 355% rise in Yes Bank’s profit
In Q1FY22 Yes Bank slippages of more than 5% were offset by upgrades, recoveries and write-offs
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YES Bank Q1 results: Net profit jumps 355% YoY to Rs 207 crore
The operating profit of YES Bank also declined by 19.80% YoY to Rs 920 crore during the quarter under review
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Stocks to watch: Zomato, RIL, SBI Card, YES Bank, Voda Idea
Reliance Industries is slated to announce its financial results for the quarter ended June 30 on Friday.
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These stocks are still trading below pre-pandemic levels
Banking and financial stocks faced more downside owing to the loan moratoriums
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Senior Citizen FDs: Here's what private banks are offering
Senior citizens can time and align their FDs with the varying tenures offered by the bank and encash them accordingly
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These banks offer up to 6.25% interest on savings account
A savings bank account is the most basic instrument and is considered the primary step of financial inclusion
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Yes Bank board approves plan to raise up to Rs 10,000 crore
The types of debt securities to be issued include non-convertible debentures, bonds, medium-term note (MTN), among others, the bank said
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Yes Bank to raise fund via bonds in Indian/foreign currency
Yes Bank will raise funds in "Indian/foreign currency by issue of debt securities including but not limited to non-convertible debentures, bonds, medi
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RBI’s new norms to help enhance audit quality, transparency, add value: Experts
"The new norms will improve audit quality, avoid conflict of interest and ensure independence of auditors, which all will support financial stability"
