Yes Bank ties-up with GVFL

Mumbai: To broaden its services for the start-up sector, the lender Yes Bank has tied-up with GVFL Limited. Accordingly, the two companies have entered into a Memorandum of Understanding (MoU) to strengthen Fintech-led innovation and support the growth of the Indian startup ecosystem. "The MoU will enable the bank to...

Penalty of Rs 2 crore imposed on SBI

New Delhi: The Reserve Bank of India has imposed a penalty of Rs 2 crore on the country's largest bank SBI. According to an official statement released on 16 March, SBI had not completed certain regulatory compliance due to which it incurred penalty. The RBI imposed this penalty by issuing...