Page 609 - Finance News

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

ED probes Rana Kapoor's role in YES Bank's Rs 30,000-cr bad loans

The special court under the Prevention of Money Laundering Act granted an extension to keep Rana Kapoor under custody till March 16

Over 100 people in Yes Bank's 'top management' may lose ESOPs, bonuses

The first-of-its-kind move will mark the activation of RBI's ironclad November 4, 2019 guidelines on the compensation

YES Bank crisis: PE firms want to invest at Rs 10/share, on par with SBI

JC Flowers, Tilden, Cerberus ask SBI to prepare a clean-up plan

YES Bank bailout may renew fund, liquidity pressure on NBFIs: Fitch

The move comes even as the impact of coronavirus is beginning to be felt in India, raising further risks to economic growth and NBFI asset quality

ICAI to review YES Bank's financial statements for FY18 and FY19

Firms say there are limits to audits identifying ever-greening of loans, or flagging suspect collateral securities

Deal with bondholders 'in process', says Yes Bank administrator

"We are in the process," said Prashant Kumar, the administrator appointed by the Reserve Bank of India (RBI)

YES Bank crisis: Cabinet likely to take up revival plan on March 13

RBI Governor Shaktikanta Das had met SBI Chairman Rajnish Kumar on Friday to discuss the way forward.

L&T moves Bombay HC to secure provident funds exposure to YES Bank

Infra giant has Rs 100 crore of exposure to bank's AT-1 bonds

ED identifies real estate assets of Rana Kapoor family in India, abroad

To seek provisional attachment in next few weeks

SBI pares savings account interest rate to 3%, scraps minimum balance fine

No more SMS charges, Home and auto loan customers to gain as MCLR is slashed by 10-15 bps in tenth such cut this year

We are financially strong and well capitalised, confirms RBL Bank

The statement comes in the wake of the Yes Bank crisis, following which stock prices of various banks went sharply down.

YES Bank planning to sell Rs 4,000-crore exposure to Vodafone Idea

Proceeds to be used to shore up liquidity

Yes Bank customers can make Rs 2 lakh payments for loans via other banks

The announcement comes a day after its customers were allowed inward IMPS and NEFT services for the same purposes

SBI says reducing indirect taxes, and not rate cuts, can lift consumption

It said a rate cut is unlikely to work in isolation as bank transmission of RBI's rate cut has been slow

YES Bank shares attract hefty SLB premium, high volatility can add risk

The SLB mechanism allows traders to borrow securities that they may not have to meet their obligations

SBI cuts retail deposit rates by up to 50 bps, reduces MCLR by 10-15 bps

In view of adequate liquidity in the system, bank in a statement said it has realigned interest rates on Term Deposits with effect from March 10, 2020

NBFCs' challenges could intensify following Yes Bank restructuring: Fitch

The move on Yes Bank comes as the impact of the coronavirus is beginning to be felt in India, raising further risks to economic growth and non-banking finance companies' asset quality

SBI does away with minimum balance requirement in savings accounts

SBI, India's largest bank, has more than 24,000 branches and over 400 million customers

Bandhan Bank opens 125 banking outlets after RBI lifts restrictions

The banking outlets also include doorstep banking units and home loan service centres