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Ashok Chawla resigns as non-executive chairman of Yes Bank

The bank further said that it would in due course announce the appointment of a chairman after approval of the Reserve Bank of India.

 
 
IndusInd Bank Tuesday said its agreement to fully acquire IL&FS Securities Services Ltd (ISSL) had been terminated due to non-fulfilment of conditions
The furore against the supposed unprecedented move forced the ministry of finance to issue a clarification which cleverly didn't mention Section 7.
The ongoing confrontation between the government and RBI has waded into uncharted territory.
The biggest public lender has taken this decision to reduce frauds at ATMs and promote digitisation through cashless transactions.

 
 
Only four of these cases have been successfully resolved so far, while seven cases remain unresolved even after more than 450 days of being admitted by the NCLT.
The government believes that the RBI is one of the most highly capitalised central banks in the world and its reserves are excessive compared to global benchmarks.
The CIC added that RBI ought to act with transparency and not hide information that might embarrass individual banks.
Finance ministry officials said the autonomy of the RBI is within the framework of the RBI Act and is not absolute.
The Adecco Group apparently is being questioned about the accusations levelled against a differently company due to somewhat identical name
The government said the functioning of RBI has to be "guided by public interest and the requirements of the Indian economy".
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