Page 111 - Abhijit Lele

Coronavirus impact: Banks seeks RBI's nod to offer relief to borrowers

Moratorium on loans should be offered, say CFOs

IBA withdrawal of communique on loans of up to Rs 200 cr stumps banks

IBA withdraws note on FinMin letter which had PMO inputs

RBI extends curbs on PMC Bank by 3 months as it works on revival plan

RBI has been talking to other authorities on sale of securities and loan recovery; Unlike in commercial banks, it has no powers to evolve an enforceable reconstruction plan for a co-op bank

SBI to provide lifeline emergency credit to coronavirus-hit borrowers

The ad-hoc loan facility named - COVID 19 Emergency Credit Line (CECL) is aimed at meeting the temporary liquidity mismatch arising out of covid-19, SBI said in a communication to branches.

CARE downgrades rating of Rana Kapoor-linked firm, citing CBI probe

Agency concerned investigation may hit asset valuation, monetisation

YES Bank plans to raise Rs 20,000 crore through certificate of deposits

CRISIL has assigned 'A2' rating to the programme

YES Bank looks to contain slippages to around Rs 8,500 crore in FY21

Its standard advances after subtracting net NPAs were about Rs 1.75 trillion at end-December

Yes Bank reports Rs 18,564.2-crore loss in Q3; NPAs saw a sharp rise

Gross NPAs gallop to Rs 40,709 crore in Dec 19

PNB set to revamp business and strategy of five regional rural banks

The consultancy or advisory firm will conduct assessment of core business opportunities and work towards a holistic operating model review.

SBI to invest Rs 7,250 cr in crisis-hit YES Bank as part of RBI rescue plan

Under the reconstruction scheme, SBI is to buy up to 49 per cent of YES Bank and cannot reduce its holding below 26 per cent for the next three years

SBI says YES Bank survival crucial, can invest up to Rs 10,000 cr in it

SBI chief asserts private lender's failure could have huge implications for economy, says many co-investors have evinced interest afte reading RBI draft

YES Bank crisis: Raising capital immediate priority, says Prashant Kumar

YES Bank would be run independently and focus will be on turnaround to make it a robust bank and a good investment, Kumar said

Promoters of IndusInd Bank to hike stake by buying extra shares from market

The promoters of the bank plan to acquire additional shares from open market in India

Govt puts Yes Bank under moratorium; withdrawals limited to Rs 50,000

This has been done to quickly restore depositors' confidence in the bank. The scheme for reconstruction and amalgamation of bank is also being put in place, RBI said in the statement.

S&P lowers Jain Irrigation's ratings to 'D' for missing interest payments

The interest payment was due on February 1, 2020, and the 30-day grace period ended on March 3, 2020, S&P said in a statement

Reserve Bank governor Shaktikanta Das to hold meet with bank CEOs today

One of the issues that will come up for review is how much transmission of policy rate actions to the final customer has happened.

Unions defer 3-day strike as banks raise pay hike offer to 15% from 12.5%

Banking unions had given a call for a three-day strike from March 11

Suzlon Energy set to get Rs 400-cr infusion through various securities

Tanti Holdings Private Limited (promoter), Shanghvi Finance Pvt. Ltd and associates will infuse capital in company

CRISIL downgrades PNB Housing Finance's deposits rating to 'AA+' from 'AAA'

PNB Housing's fund-raising ability has remained intact over the last 6-9 months and it is continuing to maintain high on-balance liquidity.

Real estate firms paying up to 15% interest rate on loans amid slowdown

"Construction finance has become difficult even for good companies. Even public sector banks are charging at 13.5 per cent," said Mayur Shah, managing director of Marathon Realty.