Page 610 - Finance News

Indian Bank urges customers to go digital to keep Coronavirus at bay

Advises them to avoid ATMs and cash deals, says mobile and internet banking are both safe and convenient

RBI extends curbs on PMC Bank by 3 months as it works on revival plan

RBI has been talking to other authorities on sale of securities and loan recovery; Unlike in commercial banks, it has no powers to evolve an enforceable reconstruction plan for a co-op bank

RBI extends regulatory restrictions on PMC Bank by 3 months till June

The RBI had put a six-month regulatory restriction on the bank on September 23, 2019

Covid-19: SBI opens emergency credit line for borrowers till June 30

The loan will be offered at an interest rate of 7.25% with a tenure of 12 months.

SBI to provide lifeline emergency credit to coronavirus-hit borrowers

The ad-hoc loan facility named - COVID 19 Emergency Credit Line (CECL) is aimed at meeting the temporary liquidity mismatch arising out of covid-19, SBI said in a communication to branches.

CARE downgrades rating of Rana Kapoor-linked firm, citing CBI probe

Agency concerned investigation may hit asset valuation, monetisation

RBI names R Gandhi, Ananth Gopalkrishnan addl directors on YES Bank Board

Appointment is for two years; this is Gandhi's second stint in the same capacity

YES Bank crisis: Court sends Rana Kapoor to judicial custody till April 2

The former banker was arrested on March 8 by the ED under the provisions of Prevention of Money Laundering Act (PMLA) and was since in the probe agency's custody

RBI buys bonds worth Rs 10k cr, to conduct 2 more OMOs of Rs 30k cr

The central bank received bids worth Rs 45,049 crore for Friday's open market operation

SBI offers new credit scheme to meet liquidity mismatch amid Covid-19

The loans can be repayable in 6 monthly installments after a moratorium period i.e, 6 months from the date of disbursement

RBI to inject Rs 30k cr into market for financial stability amid Covid-19

The central bank infused Rs 10,000 crore through open market operations on Friday

Bernstein downgrades HDFC Bank on unsecured credit, succession plans

The brokerage lowered the bank's rating to 'underperform' from 'market-perform' earlier, and lowered target price to Rs 750, from Rs 1,400

YES Bank probe: ED grills Anil Ambani for 9 hrs, calls him again on Mar 30

The agency has also sent a second summons to Essel Group chairman and Rajya Sabha MP Subhash Chandra to appear before it on March 21

As Yes Bank services resume, Prashant Kumar reassures safety of deposits

The banking services resumed at 6 pm on March 18, 2020, and customers were able to get full services by visiting the branches from March 19, 2020. The banking services resumed at 6 pm on March 18, 20

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