Category: Banking

Dry ATMs: Par panel nudges RBI to fix the problem

New Delhi, Jan 6: A parliamentary panel has asked the Reserve Bank to address the problem of perpetually dysfunctional ATMs so as to avoid any situation of forced cash crunch. The Standing Committee on Finance has also asked banks to install adequate number of ATMs. The panel tabled its […]


Yes Bank sinks on management woes, IL&FS exposure

Uncertainty around the succession plans for Yes Bank Ltd’s chief executive and exposure to debt-laden Infrastructure Leasing and Financial Services (IL&FS) sent the lender’s stock to a four-week low on Friday, a day after it reported a weaker-than-expected quarterly profit. Yes Bank shares plunged 15 percent to 168.60 […]