Page 598 - Finance News

Covid-19 outbreak, YES Bank rescue make small banks vulnerable: Moody's

Public trust in public sector banks will remain strong, underpinned by a perception of strong government protection for them, Moody's said

RBI wants banks to take call on package, moratorium extension for NBFCs

The approach, according to people familiar with the RBI, is that the regulator can only enable the banks to take such commercial decisions

Indian banks issue gag orders to employees over overcrowding: Reports

Some branch staff have complained on social media of the difficulty in imposing social distancing in such conditions, earning a rebuke from employers and even from the police

Private lenders may lose deposits to PSBs due to YES Bank bailout: Report

Moody's said the Yes Bank episode places the country's financial system on "alert" and the rescue in itself "exposes weaknesses in the process to support a failing private sector bank"

Covid-19 impact: Moody's takes rating action on three Indian NBFCs

Muthoot Finance's Ba2 CFR is affirmed and its outlook changed to negative from stable.

ADB triples financial aid for members to $20 billion to fight virus

The Asian Development Bank said it has also approved measures to streamline its operations for quicker and more flexible delivery of assistance

NBFC association to RBI: One-time loan restructuring need of the hour

FIDC has asked the central bank to extend the facility to all customer loans

Deposits from microbanking customers continue to be strong: Bandhan Bank

The company's collection efficiency pan-India for the period from January 1, 2020 till March 21, 2020 stands at 98.7 per cent

Max Life Insurance, YES Bank extend bancassurance partnership for 5 years

Max Life Insurance is a joint venture between Max Financial Services Ltd and Mitsui Sumitomo Insurance

Bandhan Bank's FY20 deposits rise 32%; 60% jump in loans and advances

Loans and advances jumped by 60 per cent to Rs 71,825 crore during 2019-20, from Rs 44,776 crore the year before.

RBI to tighten private banks' succession planning with stricter timeline

Ironclad succession process could weigh on extensions for current heads

China central bank hikes stake in HDFC amid a sharp correction in shares

Sources say PBoC may have increased its stake by 0.2 percentage points in March

Post merger, PNB gets Irdai nod to retain stake in two life insurance cos

PNB also has a tie up with Life Insurance Corporation of India (LIC) for selling its products through the bank's branches

Covid-19 woes: NBFC sector staring at another bout of liquidity challenge

Most banks are yet to decide on giving moratorium to shadow lenders

RBI should start buying corporate bonds to provide liquidity: Deepak Parekh

According to him, interest rates will go down further, but banks must pass them on to companies.

Plea in SC challenging RBI circular on 3-month moratorium on loan repayment

It had said that repayment schedule for such loans as also the residual tenor would be shifted across the board by three months after the moratorium period

As many as 10 mn borrowers can't benefit from moratorium. Here's why

These investors are yet to approve the moratorium on underlying loans and reschedule most PTC repayments

Coronavirus outbreak: Bank credit growth falls sharply to 6.1% in FY20

Deposit accretion activity also moderated in FY20 to 7.9 per cent from 10 per cent in FY19, according to Reserve Bank of India (RBI) data.

NBFCs have to repay debt worth Rs 1.75 trillion by June 2020: CRISIL

Many finance companies are already facing a liquidity challenge after the IL&FS debacle.

Public sector banks overtake private banks in fresh loan sanctions

Private sector lenders have been leading on this front for some time, mostly leveraging on retail credit.