CIA reacts to FM’s package

While thanking Finance Minister Nirmala Sitharaman for the announcements on providing fresh loan assistance, extension of PF contributions till 22 March, additonal allocation for ECLGS, attraction of tourists etc., Consortium of Indian Associations has said the biggest need of the hour for self-employed, micro and small business are moratorium for six months without interest for all loans. Continue Reading

As Yes Bank restarts ops, new chief says all is well

Yes Bank CEO-designate Prashant Kumar has said there are absolutely no worries on the liquidity front and that complete operational normalcy would be restored from 6 pm today. Continue Reading

Yes Bank customers can make payments through other bank accounts

Crisis-hit Yes Bank said today that customers could now make payments towards their credit card and loans through other bank accounts, days after prominent banking services were curtailed after the RBI imposed moratorium on the lender. Continue Reading

Yes Bank’s digital partners hit by moratorium

After Yes Bank was placed under moratorium, digital payments were impacted as PhonePe, which depends on the cash-strapped lender for its transactions, could not operate. Continue Reading