Page 608 - Finance News

Corporate bonds get Rs 1-trn relief as coronavirus ignites large sell-offs

The RBI governor, in his video-streamed speech, said the central bank was taking this route as the COVID-19 pandemic has ignited large sell-offs in asset classes

Coronavirus relief: SBI takes cue from RBI; cuts lending rates by 75 bps

Consequently, the lender has also reduced interest rates on retail and bulk deposits by between 20 to 100 basis points across various tenors

The life and times of YES Bank's flamboyant and self-absorbed Rana Kapoor

The spectacular meltdown at YES Bank reveals the mental makeup of someone only too eager to walk on life's wild side

Coronavirus: RBI extends deadline to meet last tranche of CCB by 6 mnths

This would help banks increase lending by over Rs 3.5 trillion by leveraging ten times of the capital

Coronavirus impact: SBI loan repayment worth Rs 60,000 cr may be deferred

The outbreak of coronavirus has impacted almost 75 per cent of the sectors and the measures announced by the RBI and the government will benefit everyone

PM, FM, industry welcome RBI 'bazooka' of rate cut, liquidity measures

'Today RBI has taken giant steps to safeguard our economy from the impact of the Coronavirus,' said PM Modi

RBI pulled out its bazooka to tackle Covid-19 slowdown: Experts on rate cut

The RBI said it was maintaining its "accommodative" stance, and would keep its position "as long as necessary" to revive growth, while ensuring inflation remained within target

RBI follows global banks, cuts repo rate by 75 bps to fight coronavirus

The move comes after the global central banks have been cutting rates to help shore up the economy amid coronavirus pandemic

RBI's rate cut provides the much-needed balm to revive the economy

The repo rate has come down by 75 basis points to 4.4 per cent, while the reverse repo rate has been lowered by 90 basis points to 4 per cent now

Coronavirus impact: Fitch cuts banks' score of operating environment

Increasing challenges from the pandemic are expected to worsen an already difficult operating environment, Fitch said

YES Bank board clears Rs 5,000 cr capital raising plan in multiple tranches

Strategic plan to factor in Covid-19 impact

ESAF Small Finance Bank gets Sebi approval to float Rs 976 crore IPO

SEBI issued the final observations to the lenders proposal on March 20, 2020.

Tamil Nadu warns pvt banks against collecting dues from small borrowers

The state also permitted small caterers serving the elderly to continue supply of cooked food provided their vehicles sport the sticker 'Essential Service' and the drivers have identity cards

With a new ad campaign, YES Bank aims to regain its lost credibility

The bank looks to reassure its depositors with a new print advertisement acknowledging the past and asking depositors to look ahead. Does this help rebuild credibility?

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