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Yes Bank sees best day after RBI gives clean chit

Thursday, February 14, 2019, 12:10 PM

Yes Bank Ltd's shares surged 30 percent early on Thursday in their sharpest ever intraday jump, a day after the Indian central bank cleared the private sector lender of any divergences in bad loan reporting practices. More than 101 million shares changed hands by 0418 GMT, double the 30-day average trading volume, and making them the most heavily traded on the National Stock Exchange.
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Farmers back in Mumbai to demand land rights, loan waivers

Thursday, November 22, 2018, 4:22 PM

Tens of thousands of farmers from India's western state of Maharashtra marched to the state capital Mumbai on Thursday to demand loan waivers and the transfer of forest lands to villagers who have farmed there for decades. It was the latest protest by farmers against a state government headed by Prime Minister Narendra Modi's Bharatiya Janata Party.
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RBI board agrees to support small firms, ease capital norms

Tuesday, November 20, 2018, 8:32 AM

The board of the Reserve Bank of India advised it to act to support small businesses and give banks more time to step up capital norms, following weeks of pressure from Prime Minister Narendra Modi's government to spur lending ahead of elections. The RBI board comprises representatives of the RBI, the government and some independent directors nominated by the government.

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