Page 608 - Finance News

Lord Jagannath's money in YES Bank: Odisha House panel to probe

The committee will inquire into the deposit of the Lords money in the private bank by the Shree Jagannath Temple Administration

CBI books YES Bank founder Rana Kapoor, wife, and others in fresh case

The probe agency is carrying out searches in Delhi and Mumbai at multiple locations

YES Bank recast scheme: Additional tier-I bonds see spike in yields

Market participants say ask yields for other large-sized banks' AT-1 bonds have hardened further

ICICI Bank, HDFC, Kotak and Axis Bank join SBI to invest in YES Bank

The ICICI Bank in a regulatory filing said that the board has approved an equity investment of up to Rs 1000 crore in equity shares of YES Bank Limited

ICICI Bank to invest Rs 1,000 cr in Yes Bank; to hold stake in excess of 5%

"This investment is likely to result in ICICI Bank Ltd holding in excess of 5 per cent shareholding in Yes Bank," the lender said in a regulatory filing.

Union Cabinet clears draft resolution scheme for YES Bank revival

The scheme was announced a day after the RBI imposed a month-long moratorium on YES bank

LVB asserts liquidity coverage ratio higher than RBI-mandated level

The bank would like to take this opportunity "to assure our customers that their deposits are safe in our bank"

Banks' credit grows 6.13%, deposits 9% in the second half of Feb: RBI data

Growth in advances to the services sector decelerated to 8.9% from 23.9% in January 2019

Ensure credit not disrupted after bank merger, Finance Ministry tells PSBs

The FM met chief executives of public sector banks which are going to be merged from April 1

PMC Bank scam: Mumbai Police arrests former director, two others

Jasvinder Singh Banwait, Vishwanatha Shridhar Prabhu and Shripad Govind Jere were arrested on Thursday

YES Bank fiasco: RBI asks states not to withdraw funds from private banks

'We strongly believe that such a move can have banking and financial sector stability implications,' the letter stated

YES Bank bondholders say will withdraw court plea if RBI accepts offer

Overall, more than Rs 8,000 crore of investments are exposed to YES Bank's AT-1 bonds

SBI to invest Rs 7,250 cr in crisis-hit YES Bank as part of RBI rescue plan

Under the reconstruction scheme, SBI is to buy up to 49 per cent of YES Bank and cannot reduce its holding below 26 per cent for the next three years

SBI approves Rs 7,250 cr fund infusion into Yes Bank, to pick up 49% stake

SBI said its shareholding in Yes Bank will remain within 49 per cent of the paid up capital of the private lender and following the fund infusion, it will pick up 725 crore shares

Coronavirus: RBI may slash rates by at least 65 bps by June, says Barclays

The RBI will begin to look beyond inflation and start easing rates to the tune of 65 basis points by June, according to Barclays

Yes Bank crisis: RBI asks state govts not to move deposits from pvt banks

Himachal Pradesh Chief Minister Jai Ram Thakur informed the Assembly that more than Rs 1,900 crore belonging to the state government and people in the state are stuck in Yes Bank

RBI announces USD INR sell/buy swap for liquidity amid Coronavirus

The first sell/buy swap auction involving $2 billion will be held on Monday, the central bank said

RBI may come to the rescue of bleeding markets with liquidity-boost

The market has been expecting an off-cycle interest rate cut by the Reserve Bank of India but the source said no such step is being mulled at this point in time

Rana Kapoor's wife Bindu was director in 42 firms, some named in CBI FIR

Former Yes Bank founder, Rana Kapoor's wife, Bindu was a director in the main investment and holding companies associated with Rana Kapoor, including Morgan Credits, YES Capital

Bandhan Bank to gradually lower its microcredit exposure: CEO Ghosh

When the private lender started operations in August 2016, microcredit constituted 85 per cent of its total loan portfolio