The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with YES BANK to bolster India’s startup ecosystem.
Highlighting the recent development, the Paymt said that the National Payments Corporation of India (NPCI) has granted approval to One97 Communications Limited (OCL) to participate in UPI as a Third-Party Application Provider (TPAP) under multi-bank model.
The apex court also questioned why the Enforcement Directorate (ED) is taking so long to investigate the YES Bank scam pertaining to Rs 3,642-crore.
Stating that the case has ‘rocked the entire banking system’, the Supreme Court on Friday rejected the bail plea of…
The MoU aims at enhancing the startup ecosystem in India by granting them access to a diverse range of resources through YES Bank’s curated startup-focused program - YES Head-Startup.
Shares Sibal Logistics Ltd. ended 9.99 per cent higher on Friday at Rs 18.39 share apiece.
The case relates to ED's money laundering probe in which the central probe agency had said that Yes Bank had a total outstanding of Rs 3,642 crore against Cox & Kings Group of Companies (CKG).
The prepaid card can be loaded with balance and used for spends such as purchases, payment for utility bills, online shopping, ticket bookings and cash withdrawal at ATMs alongwith various benefits.
The bank has already made provisions for Rs 24,476 crore which represents 76 per cent of GNPA.
In its investor presentation, the bank said that the total aggregate Covid-related provision is 1.15 per cent of the total advances and provides for potential slippages from the above exposures including potential interest reversals.
