ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » Personal Finance News

Yes Bank enables inward IMPS, NEFT transactions

Crisis-hit Yes Bank on Tuesday said that it has enabled inward IMPS and NEFT services.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Yes Bank enables inward IMPS, NEFT transactions
Last week Yes Bank was placed under moratorium and a withdrawal cap of Rs 50,000 was imposed till April 3. Source - Reuters.

Crisis-hit Yes Bank on Tuesday said that it has enabled inward IMPS and NEFT services. The move allows people to send money from other bank accounts to their Yes Bank account through IMPS (Immediate Payment Service) and NEFT (National Electronic Funds Transfer) mode. In a tweet, the bank also said that Yes Bank customers can pay their credit card dues and loan obligations from other bank accounts.

"Inward IMPS/NEFT services have now been enabled. You can make payments towards YES BANK Credit Card dues and loan obligations from other bank accounts. Thank you for your co-operation. @RBIA @FinMinIndia," said tweet.

Last week Yes Bank was placed under moratorium and a withdrawal cap of Rs 50,000 was imposed till April 3. The administrator of Yes Bank, Prashant Kumar and Rajnish Kumar, the Chairman of the State Bank of India are hopeful that moratorium would be lifted within a week.

WATCH Zee Business TV LIVE Streaming Online

As per the Reserve Bank of India (RBI) draft reconstruction scheme for the crisis-hit private lender, the SBI will take up 49 per cent in the bank by investing Rs 2,450 crore. The new board of directors will stand constituted from the appointed date. It will comprise a CEO and MD, non-executive chairman and non-executive directors. The SBI will have nominee directors appointed on the board of the reconstructed bank.

The RBI may appoint additional directors to the board, who shall continue in office for one year, or until an alternate board is constituted by Yes Bank. The SBI will not reduce its holding below 26 per cent before completion of three years from the date of infusion of the capital.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Yes BankNEFTBanking and Finance
Written By: IANS
Updated: Tue, Mar 10, 2020
05:05 pm
New Delhi, IANS
RELATED NEWS
ALERT! Important communication for account holders of this bank ALERT! Important communication for account holders of this bank
Yes Bank, MapMyIndia, CargoExchange among 13 firms that ink non-disclosure agreement with govt to use ULIP data Yes Bank, MapMyIndia, CargoExchange among 13 firms that ink non-disclosure agreement with govt to use ULIP data
Big action over Yes Bank's unfair loan transactions - NCLAT sets aside insolvency proceedings against Mack Star Big action over Yes Bank's unfair loan transactions - NCLAT sets aside insolvency proceedings against Mack Star
Dr Subhash Chandra's Interview: Essel Group Chairman reveals big plans of 1 bn Zee Digital users, 500 mn WION viewers; shares info on debt resolution, DISH TV-Yes Bank matter Dr Subhash Chandra's Interview: Essel Group Chairman reveals big plans of 1 bn Zee Digital users, 500 mn WION viewers; shares info on debt resolution, DISH TV-Yes Bank matter
Proxy advisory firm InGovern advises investors to support Dish TV 30 Dec 2021 AGM proposals Proxy advisory firm InGovern advises investors to support Dish TV 30 Dec 2021 AGM proposals

LATEST NEWS

I-T dept raids over 30 locations of 5 builder groups across Jaipur

Buy BEL shares, price target Rs 125: ICICI Securities

UPI-based transactions hit record 8.03 billion in January at Rs 13 trillion in value

BSF Constable Recruitment 2023: Apply for 1401 vacancies - Check eligibility, pay scale and how to apply online

Vande Bharat Express Fleet: Check full train list, timetable, routes, ticket price, new routes

Samsung Galaxy Book3 Ultra Vs Book3 Pro Vs Pro 360: Full comparison of specifications and other details

Vedanta share price falls 5%; check dividend record date and payment date

Valentine Week 2023 List: Dates, Wishes, Quotes, Messages, Greetings to share on WhatsApp and Facebook

Chinese spy balloon spotted over US airspace

NSE, BSE put 3 Adani Group companies under short-term additional surveillance measure

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV