A parliamentary committee examining the issue of cyber security and rising incidents of cyber crimes has summoned officials of the Reserve Bank of India (RBI) and the Electronics and Information Technology Ministry later this month to seek their views. The panel has already quizzed representatives of several tech majors on the issue.
The fourth largest private bank in India, Yes Bank is the latest crisis that will further deteriorate the slowing economy and hit market sentiments. So, what went wrong? How a bank that showed 11.6 per cent growth in balance sheet is struggling to survive? Why did the Reserve Bank of India wait this long?
RBI Governor Shaktikanta Das has hailed the ‘swift’ action by the central bank on Yes Bank crisis. Netizens are drawing comparisons between Yes Bank founder Rana Kapoor and absconding businessman Vijay Mallya and Naresh Goyal, former boss of now-grounded Jet Airways. So, what is everyone talking about?
Read more about HDFC Bank Ltd down for fifth straight session on Business Standard. HDFC Bank Ltd is quoting at Rs 1479.8, down 0.03% on the day as on 13:19 IST on the NSE. The stock jumped 52.78% in last one year as compared to a 58.92% rally in NIFTY and a 70.55% spurt in the Nifty Bank index.