Page 605 - Finance News

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

CRISIL has assigned 'A2' rating to the programme

YES Bank money laundering case: Anil Ambani appears before ED in Mumbai

The agency is expected to record the statement of the 60-year-old Ambani under the Prevention of Money Laundering Act (PMLA).

PSB merger: Bank logos along lines of BoB, Vijaya and Dena fusion

Logo of the bigger bank to get prominence; Indian Bank name to be retained post amalgamation

Ind-Ra revises rating watch on YES Bank to 'evolving' from 'negative'

The RWE indicates the possibility of the ratings being either upgraded, downgraded or affirmed.

YES Bank remits over Rs 397 crore to Jagannath Temple Administartion

Yes Bank had resumed complete services on March 18 after the Reserve Bank of India placed it under moratorium on March 5.

YES Bank looks to recover Rs 8,500 cr from loan defaulters in next fiscal

Administrator Prashant Kumar said the bank had made adequate preparations for any surge in withdrawal of deposits

Covid-19: Centre asks banks to delay declaring companies' accounts as NPAs

FIEO President Sharad Kumar Saraf said that the spread of Covid-19 to over 144 countries points to the most challenging times for the exports sector.

YES Bank crisis: Madhu Kapur sells 25 million shares worth Rs 160 cr

Three-fourth of this holding has been locked-in for three years as part of the restructuring plan for the bank

YES Bank resumes operations; all services available for customers now

The government notified the YES Bank reconstruction scheme last week

YES Bank gets Rs 60k-cr line of credit from RBI to resume operations

RBI Governor Shaktikanta Das on Monday had said the regulator was ready to offer liquidity if required

HDFC Bank: Steepest single-day fall, gains wiped off; caution warranted

On Wednesday, the private lender's stock saw its steepest single-day fall of 9.9 per cent in nearly 12 years; it is down 33 per cent since all-time high

RBI receives Rs 27,096 cr bids in 5th LTRO conducted for Rs 25,000 cr

The RBI allotted an amount of Rs 25,012 crore, with a pro-rata allotment percentage to 92.27 per cent

To maintain liquidity, RBI to purchase Rs 10,000-crore govt bonds via OMO

The central bank will conduct open market operations (OMO) on March through a multi-security auction

Stressed NBFCs relying more on banks to meet funding requirements: CARE

Non-banking financial companies (NBFCs) are struggling to raise funds from the capital market due to higher cost and lack of availability of funds

Banks to approach RBI for relief on NPA classification amid Covid-19 fears

The appeal to the Reserve Bank of India (RBI) will be made via the Indian Banks' Association, the two senior bankers said, asking not to be named as the talks were still private

All banking services to resume from evening; ATMs have cash: YES Bank

On March 5, the RBI had imposed a moratorium on YES Bank, restricting withdrawals to Rs 50,000 per depositor till April 3 in view of its poor financial health due to bad loans

IndusInd Bank says it is financially strong amid speculation around stock

On Wednesday, the bank's stock on the BSE fell by Rs. 61.10 or 9.20 per cent to close at Rs. 603.05 from its previous close

ICICI Bank gets 7.97% stake in YES Bank with Rs 1,000-cr capital infusion

According to the reconstruction scheme, 75 per cent of the total investment by the bank would be locked in for three years, ICICI Bank said

DBS Bank, Bharti AXA join hands for insurance plan covering Covid-19

The plan would cover all medical conditions, including Covid-19, and up to 10 days of hospitalisation, with a cover of Rs 5,000 per day, for a 30-day period

Coronavirus impact: IBA to seek relief package for financial institutions

One of the possibilities that banks would explore is to split duties and responsibilities, apart from working in different shifts and geographies