Editorial: Yes or no

Days after the ED grilled Yes Bank co-founder Rana Kapoor, the CBI carried out searches at seven locations on Monday in connection with the scam pertaining to the Rs 600 crore alleged bribe to his family by DHFL. Teams of CBI officers are carried operations at the residence and official premises of the accused in Mumbai. Continue Reading

Year in review of Shaktikanta Das-led RBI

When the Narendra Modi government, stumped by the sudden resignation of Urjit Patel, parachuted retired bureaucrat Shaktikanta Das to RBI in December 2018, many expected a great lull in the public acrimony that marred the days of his academically more illustrious predecessors Patel and Raghuram Rajan. Continue Reading

Bank of Baroda enters into transaction with DHFL

Bank of Baroda (BoB) has entered into a transaction with Dewan Housing Finance Corp. Ltd (DHFL) to acquire loans worth Rs 3,000 crore against its exposure to the non-bank lender, even as a lenders’ consortium to the stressed non-bank lender considers a resolution plan, two people aware of the development said. Continue Reading