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In 2003 Rana Kapoor grabbed the opportunity to display his financial foresight and founded Yes Bank. His magnetism captured the public eye for a long time. Known for his meteoric rise and entrepreneurial success, let us get to know the man behind this enterprise who singlehandedly turned this brand new bank into the 4th largest private sector bank in India in a matter of a little over a decade. Birth of A Passion Born to a middle class family in Delhi, Kapoor had big dreams as a child. He often shared his dreams of starting his own company with his grandfather, who had immense trust in the young grandson's dreams. After graduating from Shri Ram College of Commerce in New Delhi in 1977, he went off to USA to fulfill his dreams. He enrolled for MBA at Rutgers University in New Jersey. It was this stint that got him deeply inspired to pursue a banking career. He wanted to create something big, in this model, back in India. But before that he needed some more experience. Thus, upon the completion of MBA, he began his banking career as a management trainee in the Bank of America (BoA). With a deep passion for banking, Rana Kapoor's career flourished in 1980 at Bank of America (BoA), as he rose the ranks. His stance of taking intuitive risks, which brought him success every time, was highly commended by his employers. In 1990, he was awarded the coveted Eagle Pin by the chairman of the bank. With such a promising career trajectory, soon he became the head of their wholesale banking business as well as several high stakes assignments in various countries of Asia. However, all that success was not enough for him, as he had bigger dreams, of starting his own venture. After nearly a two-decade-long flourishing corporate career, Kapoor was resolved to embark on his own venture. He wanted to create something that he could call his own. He kept yearning for creative independence and even came up with an interesting business plan to create a non-banking finance company with f

For treasure gatherers and having black money in stock, the carpet under feet would surely be slipped as the Reserve Bank of India (RBI) has dispatched a notice urging people to return the banknotes those have been issued by the bank before 2005. The notice declaring the last date to deposit the currency would last till March 31. During this period, deposited currency could be replaced with the new ones. This healthy initiative of the supreme banking identity, i.e. RBI, would draw out black money and fake currency that is in circulation. As per directions of the central bank, this regime would begin from April 1 so that the public can be enabled to exchange the old currency.

International day for persons with disabilities on 3rd December - Note on schemes for the welfare of persons with disabilities and concessions available to them. The Government of India is committed for the realization of full participation, protection of rights, and equal opportunities to all including persons with disabilities. India is a country where most of the population lives in the rural areas and accessing the health and rehabilitation services has always been a challenge. In a Backgrounder issued yesterday, a brief summary of the major steps initiated by the Ministry of Social Justice & Empowerment in this direction were given. Following is the Background Note on the legislative and Institutional framework along with the major schemes of the Ministry of Social Justice & Empowerment for the welfare of the People with Disabilities (PwDs). The Note also contains information on facilities and concessions available to PwDs under other central schemes which are being run by other Union Ministries. OFFER ON INTERNATIONAL DISABILITY DAY Wheelchair @ 4499 INR Tricycle @ 6500 INR Legislative Framework: There are four important legislations dealing on disabilities issues- The Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995, has laid the foundation of recognition of rights for Persons with Disabilities and has facilitated development of specific programmes for their education, rehabilitation, employment, non-discrimination and social security. The Rehabilitation Council of India Act, 1992 regulates and monitors training of rehabilitation professionals and personnel. The National Trust for the welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities Act, 1999, aims at enabling and empowering persons with disabilities to live independently as fully as possible in their community. Mental Health A

The Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty Friday said that there is a need for greater participation by banks to help the country's micro, small and medium enterprise (MSME) sector both with credit and non-credit services.

The Reserve Bank of India should keep the country's MSME sector outside its proposed base rate regime which will be the new benchmark lending rate for banks from July 1, the Associated Chambers of Commerce and Industry urged the central bank on Tuesday.

The Federal Reserve notified banks that they need to submit proposals for a new round of stress tests, including extra scrutiny for institutions with large trading operations.

Commercial banks will maintain a status quo on interest rates till such time the RBI reviews its monetary policy on April 20, an umbrella organisation of the banks said in Mumbai on Monday.

Earnings from regional banks disappointed this week and while profits were improving, residual challenges from the financial crisis seem to be negatively impacting the bottom of lines of Comerica and M&T.

The State Bank of India on Saturday said that it has no plans to hike lending rates immediately, and would wait for further signals from the Reserve Bank to arrive at any decision.

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The Reserve Bank of India (RBI) is expected to continue increasing the repo and reverse repo rates in months to come, said a senior official of HDFC Bank.

Inflationary pressures have intensified beyond the baseline projections of the Reserve Bank of India and there is risk of supply-side pressures translating into a generalised inflationary process," the apex bank said in a report.

The Hong Kong market surged after major central banks acted to help European banks struggling with the region's debt crisis. A drop in Chinese banks required reserves boosted stocks.

The Reserve Bank of India (RBI) has asked banks to increase the credit flow to micro and small firms (MSEs) and target a 20 percent year-on-year growth in MSE credit as sought by a task force appointed by Prime Minister Manmohan Singh.

The Reserve Bank of India's governor came before media for unveiling new RBI's policies today. He announced that the RBI would do no change in its interest rate policy despite retail inflation. RBI can refer to it for estimating price.

The first thing to be done is to abolish the Federal Reserve. The 2nd thing to do would be to reinstitute the Glass-Steagall Act because Wall Street cannot be trusted to manage their risk properly. This would separate true banking activities from the high risk gambling that brought the economic system to its knees The Social Security System would be completely overhauled. Anyone 50 or older would get exactly what they were promised. The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustained growth and recovery.

The Reserve bank of India (RBI) will come out with a report on food inflation in a few weeks time, deputy governor of the central bank Subir Gokarn said on Monday.

The Reserve Bank of India (RBI) will present the annual monetary policy for this fiscal in Mumbai tomorrow amid a classical dilemma faced by all central banks to keep the momentum of growth or to rein in inflation.

Reserve Bank of India Governor D. Subbarao said Thursday the European debt crisis is not expected to impact big on India, yet the central Indian bank is keeping a watch.

Global markets are awaiting the results of the US Federal Reserve (Central Bank) meetings scheduled for today and tomorrow, amid growing concerns that the Federal Reserve will raise interest rates, which may negatively affect stock markets, while contributing to supporting the value of the dollar. Although economists at global investment banks have indicated that the Federal Reserve may tighten monetary policy at each meeting, starting next March, the majority of economists in a Bloomberg survey expected the "US Federal Reserve" to use the monetary policy meeting on January 25-26, In order to suggest a 25 basis point increase in the benchmark interest rate, two experts are eyeing a sudden 50 basis point increase, which would be the largest since 2000, to combat higher price pressures. official advice The most notable official statement was by Lyle Brainard, who was nominated by US President Joe Biden to take over as Vice Chairman of the Federal Reserve, where she stated that the Fed may raise interest rates from next March.