Yes Bank gets shareholders nod to raise USD 1 billion

(Eds: Dropping words from headline) New Delhi, Jun 12 (PTI) Yes Bank today got shareholders nod for raising USD 1 billion (about Rs 6,700 crore) from various instruments, including Qualified Institutional Placements (QIPs). Besides, the shareholders also approved the re-appointment of Rana Kapoor as MD & CEO of the bank for a further period of More...

by Loknath Das | Published 1 month ago
By Loknath Das On Saturday, June 16th, 2018
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Rupee falls 13 paise on dollar demand, inflation concerns

Rupee falls 13 paise on dollar demand, inflation concerns The Indian rupee fell 13 paise to 67.62 level against the US dollar in early trade today on increased demand for the American currency from importers amid More...

By Loknath Das On Saturday, June 16th, 2018
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No research before ban: Was RBI reckless to stop banks from dealing with cryptocurrencies like Bitcoin?

The RBI on April 6 dealt a body blow to all the cryptocurrency exchanges and individuals doing virtual currency business in India by asking regulated institutions like banks to stop providing services to them. More...

By Loknath Das On Thursday, May 31st, 2018
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Bitcoin Price Watch: Currency Down to $7,300

At press time, bitcoin has fallen to roughly $7,300. This is $100 less than where it stood yesterday afternoon, though the currency was trading for as high as $7,500 during Tuesday’s evening hours. The bitcoin More...

By Loknath Das On Thursday, May 31st, 2018
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SBP to provide new currency notes from tomorrow

ISLAMABAD/KARACHI – The SBP will launch the SMS service for issuance of fresh currency notes to the general public from June 1st. The fresh notes will be available from designated commercial bank branches More...

By Loknath Das On Thursday, May 31st, 2018
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Old currency invalid from Thursday

Norwegian media and the country’s central bank were reminding Norwegians on Wednesday that it was the last day they could use the NOK 100- and 200 notes from the country’s old series of currency that’s being More...

By Loknath Das On Friday, May 18th, 2018
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Switzerland to Examine Introduction of E-Currency

The Swiss central bank is opposed to the introduction of a digital currency. The Swiss government by contrast has agreed to examine the issue more closely. A member of the Swiss parliament last week tabled a motion More...

By Loknath Das On Friday, May 18th, 2018
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Venezuela’s worthless currency turns into bags of money

As the sun sets in the sizzling border town of Cucuta, Colombia, Jesus Campos and his wife Gabriela, leave their humble home with several purses hanging from their necks. The couple, from neighboring Venezuela, More...

By Loknath Das On Friday, May 18th, 2018
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Twitter CEO Jack Dorsey Hopes Bitcoin Will Become the Internet’s Own Currency

The Internet will one day have its very own currency, Twitter and Square CEO Jack Dorsey told attendees at the Consensus blockchain conference on Wednesday. Dorsey, whose comments were earlier reported on by More...

By Loknath Das On Friday, April 6th, 2018
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Swedish currency to rise against euro, dollar and Norwegian crown: Reuters poll

OSLO/STOCKHOLM (Reuters) – Sweden’s currency is set to rally against the euro and dollar in the next year despite a weak first-quarter performance, and will also gain on the Norwegian crown, a Reuters poll More...