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2 mins read
Finance Minister assures employment and salary at Yes Bank at least for one year
Within a day after superseding Yes Bank’s board, the Reserve Bank of India (RBI) released a new s…
1 min read
A central banker making over $780K a year says workers should not demand big pay raises to help stem inflation
Bank of England governor Andrew Bailey told the BBC there has to be "a moderation of wage rises" to…
Huileng Tan
1 min read
TCS makes it to Forbes' list of 'America's Best Large Employers'
Software major Tata Consultancy Services (TCS) on Monday said that it has been named to the Forbes …
5 mins read
EXCLUSIVE: YES Bank's workforce shrank by 1,000 employees since March but now it's hiring again for the coming year
The number of total employees at YES Bank has come down by almost 1,000 since March, but that is at…
5 mins read
Yes Bank crisis and its domino effect on bonds, mutual funds and other corporate defaults
The challenges in the face of the Yes Bank crisis are likely to be temporary, since they are a dire…
4 mins read
Indian economy to outpace world average growth in 2023 – Can it duck global headwinds?
Capex revival and increased infrastructure spending by the government are likely to be among the ke…
1 min read
SBI says its evaluating draft reconstruction scheme for Yes Bank
"We have received draft scheme of reconstruction for Yes Bank. Our investment and legal team is…
PTI
2 mins read
Only one-third of Yes Bank’s customers withdrew more than ₹50,000 during the 12-day ban
India’s troubled private bank Yes Bank is scheduled to open up to customers tomorrow after the mora…
1 min read
Yes Bank scam escalates as CBI carries out searches to connect Rana Kapoor to DHFL promoter Kapil Wadhawan
The CBI carried out searches at seven locations on Monday in connection with the Yes Bank scam pert…
PTI
1 min read
Yes Bank shares shoot up by 30% after SBI decides to buy stake
Shares of Yes Bank on Monday zoomed over 30 per cent after State Bank of India (SBI) said it will p…
PTI
2 mins read
ICICI Bank follows SBI to rescue Yes Bank— and depositors may get to withdraw money sooner than expected
Separately, ICICI Bank said that the board has approved for an equity investment of up to ₹10 bi…
3 mins read
Are you a Yes Bank account holder? Here's how the crisis will impact you
Amid the financial troubles of Yes Bank, the Reserve Bank of India (RBI) issued a moratorium that c…
4 mins read
Donald Trump committed fraud for years by inflating his worth to banks and insurers, a New York judge finds
A judge invoked 'Groundhog Day,' and the Marx Brothers in a scathing pre-trial ruling that threaten…
Laura Italiano
1 min read
Yes Bank restructures salary of senior leadership team
"COVID-19 situation has exacerbated the gradually slowing growth momentum in the global economy and…
PTI
3 mins read
YES Bank wants to customize branches, ramp up digitize customer acquisition to grow at a breakneck speed of 25%
India is the midst of an economic slowdown with the housing and automobile sector showing the most …
2 mins read
Paytm Payments Bank is back with an answer for PhonePe – sources government data to say it has the best tech for payments
As it worked on bringing the platform back up, rival digital payments leader Paytm which also ru…
1 min read
FM says RBI to look into what went wrong at Yes Bank
Addressing a press conference after the RBI superseded the board of Yes Bank and placed withdrawal …
PTI
4 mins read
Former Goldman Sachs partners represent the powerful allies and formidable foes the bank has across the Street
Goldman Sachs has had its fair share of turnover among its partnership. And while some represent an…
Dan DeFrancesco
3 mins read
Silicon Valley Bank's collapse is looming over the Fed as it makes the next move in its war on inflation this week
Sen. Elizabeth Warren blamed Fed Chair Powell for Silicon Valley Bank's fallout. It'll likely weigh…
Ayelet Sheffey
8 mins read
'They will learn nothing from this': Tech leaders remain staggeringly oblivious to the true lessons of Silicon Valley Bank
"They will learn nothing from this": Tech-industry leaders remain staggeringly oblivious to the tru…