Page 604 - Finance News

An opportunity in Covid-19 crisis: Revisit all loan repayment contracts

It is a chance for stakeholders in the banking sector to revisit contractual obligations, say experts

Coronavirus outbreak disrupts PSB merger as banks put programmes on hold

According to the banks, they have either put the sessions on hold or are opting for e-learning instead of classroom sessions.

Asset quality, growth fears crop up for NBFCs over YES Bank, virus scare

The Street is sceptical of the sustainability of rich valuations of large players such as Bajaj Finance and Housing Development Finance Corporation (HDFC)

How RBI set up war-room in just one day amid coronavirus outbreak

The facility, operational from March 19 as part of the Business Contingency Plan (BCP), was up and running in 24 hours of the central bank taking a decision to this effect, according to an official

Covid-19: Banks brace for downing shutters in case cities go into lockdown

Some banks are going on an overdrive to secure employees who have to deal with the public at the branches on a daily basis with banking being one of the essential services

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

IBA withdraws note on FinMin letter which had PMO inputs

Indian Bank urges customers to go digital to keep Coronavirus at bay

Advises them to avoid ATMs and cash deals, says mobile and internet banking are both safe and convenient

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

RBI extends regulatory restrictions on PMC Bank by 3 months till June

The RBI had put a six-month regulatory restriction on the bank on September 23, 2019

Covid-19: SBI opens emergency credit line for borrowers till June 30

The loan will be offered at an interest rate of 7.25% with a tenure of 12 months.

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

RBI names R Gandhi, Ananth Gopalkrishnan addl directors on YES Bank Board

Appointment is for two years; this is Gandhi's second stint in the same capacity

YES Bank crisis: Court sends Rana Kapoor to judicial custody till April 2

The former banker was arrested on March 8 by the ED under the provisions of Prevention of Money Laundering Act (PMLA) and was since in the probe agency's custody

RBI buys bonds worth Rs 10k cr, to conduct 2 more OMOs of Rs 30k cr

The central bank received bids worth Rs 45,049 crore for Friday's open market operation

SBI offers new credit scheme to meet liquidity mismatch amid Covid-19

The loans can be repayable in 6 monthly installments after a moratorium period i.e, 6 months from the date of disbursement

RBI to inject Rs 30k cr into market for financial stability amid Covid-19

The central bank infused Rs 10,000 crore through open market operations on Friday

Bernstein downgrades HDFC Bank on unsecured credit, succession plans

The brokerage lowered the bank's rating to 'underperform' from 'market-perform' earlier, and lowered target price to Rs 750, from Rs 1,400

YES Bank probe: ED grills Anil Ambani for 9 hrs, calls him again on Mar 30

The agency has also sent a second summons to Essel Group chairman and Rajya Sabha MP Subhash Chandra to appear before it on March 21

As Yes Bank services resume, Prashant Kumar reassures safety of deposits

The banking services resumed at 6 pm on March 18, 2020, and customers were able to get full services by visiting the branches from March 19, 2020. The banking services resumed at 6 pm on March 18, 20