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Depositors’ money safe in banks, concerns based on ‘flawed’ analysis: RBI

by AIP Online Bureau | Mar 8, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

  Mumbai: Allaying concerns raised by many after Yes Bank fiasco, the Reserve Bank on Sunday reiterated that depositors' money is safe and it is closely monitoring all banks.   The RBI further said that concerns about the safety of deposits in banks are...

Rana Kapoor arrested,remanded to ED custody till Mar 11

by AIP Online Bureau | Mar 8, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

  Mumbai: The Enforcement Directorate (ED) arrested Rana Kapoor, 62, former promoter and CMD of Yes Bank, early Sunday morning in connection with a money-laundering probe against him and others.Kapoor has been arrsted and remanded to ED custody till Mar 11...

Govt to restructure SFIO; increase manpower to 350 at probe agency

by AIP Online Bureau | Mar 8, 2020 | Eco/Invest/Demography, Indian News, Risk Management

  New Delhi: The government is set to more than double the manpower at the Serious Fraud Investigation Office (SFIO) to nearly 350 as it continues efforts to curb corporate wrongdoings.   Corporate Affairs Secretary Injeti Srinivas said the process was on to...

Coronavirus in US: New York declares state of emergency

by AIP Online Bureau | Mar 8, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

  New York: Gov. Andrew Cuomo declared a state of emergency on Saturday as the number of coronavirus cases in New York rose to 89, which include a Queens driver who worked for Uber and two unexplained positive tests of patients 200 miles to the north.  ...

Coronavirus outbreak: Five more people from Kerala test positive for Covid-19

by AIP Online Bureau | Mar 8, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

Five more people from Kerala have tested positive for coronavirus, Health minister, K K Shailaja said on Sunday. All the five hail from Pathnamthitta district. While three of them had returned from Italy on February 29, two others were their relatives, the minister...
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