Page 214 - Nirmala Sitharaman

Cabinet Highlight: YES Bank moratorium to be lifted within 3 days, says FM

Cabinet has cleared a draft resolution scheme for cash-starved YES Bank. Last week, the Reserve Bank of India (RBI) had announced a draft scheme of reconstruction for the lender. Follow LIVE UPDATES

Ensure credit not disrupted after bank merger, Finance Ministry tells PSBs

The FM met chief executives of public sector banks which are going to be merged from April 1

GST Council likely to defer simplified returns over glitches in system

Officials say that Finance Minister Nirmala Sitharaman in an outreach with taxpayers was disappointed to hear complaints about GST Network platform

Cabinet may approve scheme for exporters to reimburse levies on Friday

Finance Minister Nirmala Sitharaman had announced about the scheme for remission of duties and taxes on export products (RoDTEP) in her Budget speech on February 1

Top events of the day: FM to take stock of PSBs merger preparedness

From Jet Airways' creditors meeting to India vs South Africa first ODI at Dharamshala, Business Standard brings you the top news events of the day to watch out for

Govt to sell Rs 8,000-cr SUUTI stake to meet revised FY20 divestment target

The Centre currently owns 4.71% in Axis Bank and 7.93% in ITC through SUUTI

Highways a bright spot amid economic slowdown, but problems persist

While spending has been ramped up and work has continued apace in some marquee projects, there have been some delays due to land acquisition and other issues

FM Nirmala Sitharaman to meet bank CEOs to review merger preparedness

The meeting would deal also on readiness of anchor banks to minimise disruption to customers and ensuring credit flow to productive sectors of the economy

FM Nirmala Sitharaman to review bank merger preparedness on Thursday

Banks likely to set up common call centres and monitoring cells

Business not as usual: YES Bank changes way banks, Mint Road are looked at

Former RBI governor, Urijit Patel, had said in the aftermath of the blowout at PNB that the banking regulator was better positioned when it came to the oversight of private banks.

How LIC should be valued

The Life Insurance Corporation differs from its listed peers in a number of ways, and these should be factored into its valuation prior to its proposed initial public offering

Here's what Finance Ministry claims about women and social schemes

Micro Save Consulting says 65% of women either did not have access to formal financial services

YES Bank crisis: FM Nirmala Sitharaman asks RBI to fix accountability

Sitharaman said the RBI and the government had been closely monitoring YES Bank since 2017

'Most of us don't know what happened': Yes Bank customers flock branches

Across branches, the busiest people were the relationship managers, trying to soothe nerves

Lok Sabha passes Insolvency and Bankruptcy Code Bill amid noisy protests

Finance Minister Nirmala Sitharaman sought the cooperation of the members to pass the Bill in the House.

'No Yes Bank,' says Rahul Gandhi, accuses govt of 'destroying' economy

Yes Bank was placed under a moratorium on Thursday, with the Reserve Bank of India (RBI) capping deposit withdrawals at the bank at Rs 50,000 per account for a month and superseding its board

FM Sitharaman seeks Parliament nod for Rs 54,000-cr additional spending

Finance Minister Nirmala Sitharaman presented the second and final batch of supplementary demands for grants in the Lok Sabha

SBI to buy 49% stake in Yes Bank under rescue plan; FM assures depositors

Analysts calculate SBI's investment in Yes Bank would need to total almost Rs 2,500 crore ($339.10 million).

FM on Chidambaram's YES jibe: Self-appointed doctors created more problems

Finance Minister Nirmala Sitharaman on Friday hit back at senior Congress leader P Chidambaram for his jibe over crisis-hit Yes Bank's loan book swelling five times under BJP rule, saying "self-appointed competent doctors" created more problems in handling crisis at three banks during the UPA regime. She blamed Chidambaram for the crisis at Global Trust Bank in July 2004 and the problems at IDBI which had to merge with on-the-verge of collapsing United Western Bank in 2006. The Congress-led UPA had come to power in May 2004 and Chidambaram was the finance minister. Addressing a press conference after the RBI superseded the board of Yes Bank and placed withdrawal restrictions, she said the crisis-hit lender's exposure to stressed corporates dates before 2014. "The exposure of Yes Bank to some of the very stressed corporates has been before 2014. These are public domain names and I am not violating any customer privacy Anil Ambani (Group), Essel Group, DHFL, IL&FS (and) Vodafone ...

ATM queues to govt assurance: YES Bank crisis in pictures

RBI on Friday unveiled 'Scheme of Reconstruction' for Yes Bank, saying that the SBI has expressed willingness to invest in the crisis-ridden lender