Page 610 - Finance News
Bandhan Bank opens 125 banking outlets after RBI lifts restrictions
The banking outlets also include doorstep banking units and home loan service centres
 "Bandhan Bank opens 125 banking outlets after RBI lifts restrictions")
SBI lowers FD, lending rates by up to 15 bps in its 10th cut this year
Overnight and one-month MCLRs have been reduced by 15 basis points to 7.45 per cent each. Three-month MCLR has been revised to 7.50 per cent from 7.65 per cent
 "SBI lowers FD, lending rates by up to 15 bps in its 10th cut this year")
Bank is financially strong, well capitalised and profitable: RBL Bank
The bank's capital adequacy ratio is at 16.08 per cent, much higher than the regulatory requirement of 11.5 per cent
 "Bank is financially strong, well capitalised and profitable: RBL Bank")
YES Bank founder Rana Kapoor tried to influence loan decisions: Gill to ED
Some aides of Kapoor, former board members may be asked to join probe
 "YES Bank founder Rana Kapoor tried to influence loan decisions: Gill to ED")
YES Bank crisis: Sebi may impose curbs on MFs' exposure to perpetual bonds
According to the data sourced from primemfdatabase.com, MFs' exposure to the AT-1 bonds - also called perpetual bonds - stood at Rs 37,687 crore as of January 31, 2020
 "YES Bank crisis: Sebi may impose curbs on MFs' exposure to perpetual bonds")
YES Bank resumes inward NEFT, IMPS services; customers can now pay dues
YES Bank administrator Prashant Kumar said that the moratorium imposed by the Reserve Bank of India could be lifted before the end of this week
 "YES Bank resumes inward NEFT, IMPS services; customers can now pay dues")
ED seizes Rajiv Gandhi painting; many of YES Bank's big loans under scanner
The Enforcement Directorate has widened its probe in the YES Bank case, taking it beyond loans given to DHFL; it is now looking at the bank's books to see if the Kapoor family received kickbacks
 "ED seizes Rajiv Gandhi painting; many of YES Bank's big loans under scanner")
FM Nirmala Sitharaman to review bank merger preparedness on Thursday
Banks likely to set up common call centres and monitoring cells
 "FM Nirmala Sitharaman to review bank merger preparedness on Thursday")
YES Bank to transform into a retail bank: Administrator Prashant Kumar
Hopeful that moratorium on withdrawal will be lifted by Friday, says bank administrator
 "YES Bank to transform into a retail bank: Administrator Prashant Kumar")
Business not as usual: YES Bank changes way banks, Mint Road are looked at
Former RBI governor, Urijit Patel, had said in the aftermath of the blowout at PNB that the banking regulator was better positioned when it came to the oversight of private banks.
 "Business not as usual: YES Bank changes way banks, Mint Road are looked at")
YES Bank crisis: Axis Trustee moves HC against AT-1 bond cancellation
The central government, represented by the department of financial services and YES Bank, and the RBI have been included in the petition
 "YES Bank crisis: Axis Trustee moves HC against AT-1 bond cancellation")
YES Bank crisis: Paying loan? Shift ECS mandate to a nationalised bank
If you are paying a personal/home loan or doing SIPs, shift ECS mandate to another bank. It just might make sense to have one account with a nationalised bank
 "YES Bank crisis: Paying loan? Shift ECS mandate to a nationalised bank")
YES Bank fallout: CBI books Rana Kapoor's wife and three daughters
Yes Bank has been put under a moratorium by the RBI till April 3, during which customers are not allowed to withdraw more than Rs 50,000.
 "YES Bank fallout: CBI books Rana Kapoor's wife and three daughters")
YES Bank fallout: Troubled borrowers may soon face a serious credit crunch
A substantial portion of YES Bank's corporate loans are "bilateral transactions", and fall outside the pale of consortium lending.
Housing finance has key role in making India $5 trn economy: Keki Mistry
For the housing sector, the authorities are aware of the strong linkages it has with the economy.
 "Housing finance has key role in making India $5 trn economy: Keki Mistry")
Yes Bank customers 'sensed trouble', withdrew Rs 18,110 cr in 2018
The difference in deposits between March 2019 to September 2019, reflects withdrawals to the tune of Rs 18,110 crore
 "Yes Bank customers 'sensed trouble', withdrew Rs 18,110 cr in 2018")
Congress asks Modi to explain 'sinking banks', not divert attention
"Prime Minister, you need to tell the nation what is the BJP's connection to the Yes Bank and its owner," Randeep Surjewala asked.
 "Congress asks Modi to explain 'sinking banks', not divert attention")
ED investigating big loans issued by Yes Bank, Kapoor's foreign assets
A dozen alleged shell firms, Kapoor family investments of Rs 2,000 crore and over Rs 4,500 crore worth of transactions are under the scanner of the agency at present.
Meet Prashant Kumar, SBI veteran asked to steer Yes Bank in rough seas
Kumar's mettle was tested in field while leading Kolkata circle as chief General Manager and as general manager in erstwhile Maharashtra and Goa circle.
 "Meet Prashant Kumar, SBI veteran asked to steer Yes Bank in rough seas")
Hopeful of moratorium being lifted this week: Yes Bank administrator
The bank, which had over Rs 2.09 lakh crore in deposits, was put under moratorium last Thursday due to an inability to raise capital. Its board was superseded and Kumar was placed as the administrator