Page 611 - Finance News
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 remits over Rs 397 crore to Jagannath Temple Administartion")
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
 "YES Bank looks to recover Rs 8,500 cr from loan defaulters in next fiscal")
Covid-19: Centre asks banks to delay declaring companies' accounts as NPAs
FIEO President Sharad Kumar Saraf said that the spread of Covid-19 to over 144 countries points to the most challenging times for the exports sector.
 "Covid-19: Centre asks banks to delay declaring companies' accounts as NPAs")
YES Bank crisis: Madhu Kapur sells 25 million shares worth Rs 160 cr
Three-fourth of this holding has been locked-in for three years as part of the restructuring plan for the bank
YES Bank resumes operations; all services available for customers now
The government notified the YES Bank reconstruction scheme last week
 "YES Bank resumes operations; all services available for customers now")
YES Bank gets Rs 60k-cr line of credit from RBI to resume operations
RBI Governor Shaktikanta Das on Monday had said the regulator was ready to offer liquidity if required
 "YES Bank gets Rs 60k-cr line of credit from RBI to resume operations")
HDFC Bank: Steepest single-day fall, gains wiped off; caution warranted
On Wednesday, the private lender's stock saw its steepest single-day fall of 9.9 per cent in nearly 12 years; it is down 33 per cent since all-time high
 "HDFC Bank: Steepest single-day fall, gains wiped off; caution warranted")
RBI receives Rs 27,096 cr bids in 5th LTRO conducted for Rs 25,000 cr
The RBI allotted an amount of Rs 25,012 crore, with a pro-rata allotment percentage to 92.27 per cent
 "RBI receives Rs 27,096 cr bids in 5th LTRO conducted for Rs 25,000 cr")
To maintain liquidity, RBI to purchase Rs 10,000-crore govt bonds via OMO
The central bank will conduct open market operations (OMO) on March through a multi-security auction
 "To maintain liquidity, RBI to purchase Rs 10,000-crore govt bonds via OMO")
Stressed NBFCs relying more on banks to meet funding requirements: CARE
Non-banking financial companies (NBFCs) are struggling to raise funds from the capital market due to higher cost and lack of availability of funds
 "Stressed NBFCs relying more on banks to meet funding requirements: CARE")
Banks to approach RBI for relief on NPA classification amid Covid-19 fears
The appeal to the Reserve Bank of India (RBI) will be made via the Indian Banks' Association, the two senior bankers said, asking not to be named as the talks were still private
 "Banks to approach RBI for relief on NPA classification amid Covid-19 fears")
All banking services to resume from evening; ATMs have cash: YES Bank
On March 5, the RBI had imposed a moratorium on YES Bank, restricting withdrawals to Rs 50,000 per depositor till April 3 in view of its poor financial health due to bad loans
IndusInd Bank says it is financially strong amid speculation around stock
On Wednesday, the bank's stock on the BSE fell by Rs. 61.10 or 9.20 per cent to close at Rs. 603.05 from its previous close
 "IndusInd Bank says it is financially strong amid speculation around stock")
ICICI Bank gets 7.97% stake in YES Bank with Rs 1,000-cr capital infusion
According to the reconstruction scheme, 75 per cent of the total investment by the bank would be locked in for three years, ICICI Bank said
 "ICICI Bank gets 7.97% stake in YES Bank with Rs 1,000-cr capital infusion")
DBS Bank, Bharti AXA join hands for insurance plan covering Covid-19
The plan would cover all medical conditions, including Covid-19, and up to 10 days of hospitalisation, with a cover of Rs 5,000 per day, for a 30-day period
 "DBS Bank, Bharti AXA join hands for insurance plan covering Covid-19")
Coronavirus impact: IBA to seek relief package for financial institutions
One of the possibilities that banks would explore is to split duties and responsibilities, apart from working in different shifts and geographies
 "Coronavirus impact: IBA to seek relief package for financial institutions")
HSBC appoints interim boss Noel Quinn as chief executive officer
Unicredit boss Jean Pierre Mustier and incoming UBS Group Ralph Hamers were among those reported to have caught Tucker's eye
 "HSBC appoints interim boss Noel Quinn as chief executive officer")
ED files fresh money laundering cases against YES Bank's Rana Kapoor, wife
Kapoor is already facing an ED criminal case for receiving alleged kickbacks, through companies purportedly controlled by his family, for going slow on bad loans extended by his bank
 "ED files fresh money laundering cases against YES Bank's Rana Kapoor, wife")
SBI to up YES Bank stake to 49%, will not sell share before 3 yrs: Chairman
Stating that the investors will not regret coming on board a new Yes Bank, he pointed to the massive rise in the share price of the scrips
 "SBI to up YES Bank stake to 49%, will not sell share before 3 yrs: Chairman")
The mystery behind surreal gain in crisis-hit YES Bank's stock price
Rs 10K-cr infusion, lock-in and hurried short-covering led to 2.3x surge in the stock
 "The mystery behind surreal gain in crisis-hit YES Bank's stock price")