 "Reserve bank of India")
1. RBI bars YES Bank from coupon payment on Upper Tier II bonds
The Reserve Bank of India has restrained private sector lender YES Bank from paying interest (coupon) on the Tier II bonds as its capital adequacy ratio was below regulatory requirements. The private lender had approached banking sector regulator RBI seeking approval to pay interest due as on June 29, 2020 for Upper Tier II Bonds. Read more...
2. RIL 57th most valuable firm globally by market-cap; Saudi Aramco tops chart
Reliance Industries (RIL) became the first Indian company to be valued at $150 billion
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