Page 603 - Finance News

Banks plan to shut down most branches during coronavirus lockdown: Report

India is still very much a cash society and banks have been exempted from a 21-day lockdown that began this week as they are considered an essential service

Covid-19 crisis: UBI sets up emergency funding window for corporates, MSMEs

All MSME/agriculture borrowers are eligible for a loan up to Rs 10 crore and others up to Rs 50 crore

Coronavirus: Pressure mounts on govt to defer PSB merger amid lockdown

Banks working towards merging balance sheets before April 1

Coronavirus: Banks offer fresh lines of credit to SME firms amid lockdown

With the financial year ending on March 31, small- and mid-sized companies are likely to default en masse, while rating agencies will have to mark them in the 'default' grade

Indian Bank announces special emergency loan schemes to address lockdown

It will be the second bank after State Bank of India (SBI) to come out with such schemes

Covid-19 impact: Banks want NPA forbearance for next two quarters or more

An account becomes NPA if default is beyond 90 days. With the present crisis, a huge number of accounts will fall in this category in the next two quarters

Rebuilding confidence, asset quality: Kathpalia's tasks at IndusInd Bank

Tuesday's stock reaction is also an indicator of the challenges ahead of him and probably the toughest faced by the bank in the past decade

Writedown of YES Bank's additional AT-I bonds will result in risk aversion

According to ICRA's estimates, Rs 93,669 crore of AT-I bonds are outstanding as of now

Stark regulatory approach: Bailout for YES Bank; nothing for PMC Bank

It is tough if you are a PMC Bank depositor to be made aware now that you are not mainstream enough

Out of cash: How the ATM ecosystem continues to be mired in a quicksand

The demand for a hike in the interchange hides a bigger mess, reports Raghu Mohan

IndusInd Bank appoints Sumant Kathpalia as Managing Director and CEO

In February, the RBI had approved the appointment of Kathpalia as the MD & CEO of the private lender

RBI advances OMO date, announces repo of Rs 1 trn in two tranches

The central bank has announced a series of measures to tide over any liquidity issues caused by the Coronavirus dislocation in the markets

HDFC Bank to name chief executive Aditya Puri's successor before April

Puri in an interaction with reporters said: "… the recommendations are with the search committee and before April, an appropriate person who will take the bank into the future will be announced"

RBI extends priority sector classification for bank loans to NBFCs

This is part of steps to provide support for financial sector entities to deal with slowdown and aftermath of COVID-19

MFI operations come to halt in lockdown districts; biz severely impacted

Estimates suggest the locked down districts account for close to 50% of microfinance business in India; banks and SFBs could also be impacted

Covid-19: RBI advances purchase of govt bonds to March 26 from March 30

The first tranche of OMO purchase auction worth Rs 15,000 crore will be conducted on March 24

Covid-19 impact: HDFC, ICICI urge customers to use digital banking services

HDFC Bank has urged people to use cheque drop boxes to help reduce crowding in branches

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

Moratorium on loans should be offered, say CFOs

Coronavirus: Banks to ensure cash withdrawals, remittances at branches

The banks are working round-the-clock to ensure all digital channels are up to date and have all the information that you may need during this period

Statsguru: From SBI to ICICI Bank, lenders come to YES Bank's rescue

The bank, however, could not hide its bad debt under the carpet for long as RBI auditors forced all banks to disclose their bad debts