The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
A rising rupee is a tailwind for dollar investors.
There will be higher charges for bank account-holders.
The contraction in M&A activity in India contrasts sharply with the upbeat global picture, much of it led by a reviving US economy.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
A glance back at some of the important ups and down Indian Inc faced in 2018.
