Page 614 - Finance News

YES Bank crisis: FM assures depositors as RBI promises quick resolution

RBI has assured there will be a quick resolution, says FM, even as RBI Governor promises resolution in 30 days; SBI Chairman Rajnish Kumar says problem at hand is lender-specific, not sectoral

Want to assure YES Bank depositors that their money is safe: FM Sitharaman

She added that the people can withdraw money to deal with tough situations and the cash crunch is being dealt with

PhonePe, other digital partners bear the brunt of YES Bank crisis

It can be noted that the bank's own net banking facilities have not been operational since last evening

SBI board approves exploring 'investment opportunity' in YES Bank

A rescue plan involving SBI and Life Insurance Corporation of India was being discussed and an announcement in this regard might be made soon

Former SBI CFO Prashant Kumar takes charge as YES Bank administrator

Prashant Kumar taking charge as the Yes Bank administrator is in line with notifications issued by Department of Financial Services and the RBI

YES Bank resolution will be swift, 30 days is an outer limit: RBI governor

The RBI governor also said that the impact of Covid-19 on India will be limited

YES Bank customers shocked over moratorium; ATMs, branches run our of cash

RBI on Thursday imposed a month-long moratorium on YES Bank citing "serious deterioration in its financial position"

NSE puts restrictions on YES Bank shares, no bank guarantees to be accepted

The bank has also experienced serious governance issues and practices in the recent years which have led to steady decline of the bank

Customers rush to ATMs in Mumbai after RBI caps Yes Bank withdrawal limit

The customers claimed that the bank had not given any prior information about it while many rued that the ATMs have run out of cash.

RBI supersedes board of troubled YES Bank, sets Rs 50,000 withdrawal limit

Lender placed under moratorium; withdrawal capped at Rs 50,000; govt, central bank flag governance issues

Private lenders faced tough times due to poor corporate governance, NPAs

Way back in 2004, the crisis-ridden Global Trust Bank was merged with the Oriental Bank of Commerce by the Reserve Bank of India

All may not be lost for YES Bank but insiders say its recovery to be slow

It will depend on the acquiring bank or financial institution's capacity to hold the assets till the market improves and sell them later to recover sizeable chunk of the loans

RBI Deputy Governor Vishwanathan to quit by Mar 31 over health issues

While the Reserve Bank has accepted his request to be relieved by March 31, the same has to be accepted by the Cabinet as well, which is likely to happen any day given his health condition

Bombay HC dismisses Chanda Kochhar's writ petition against ICICI Bank

Court accepts the bank's stance that Kochhar's petition has no legal basis as the lender is a private banking company and the petition seeks to contest purely private contractual terms

Public sector banks announce share-swap ratios ahead of April 1 merger

Allahabad Bank-Indian Bank deal to be determined

SBI board gives 'in-principle' approval for investment in YES Bank

The announcement came hours after Yes Bank was placed under a moratorium, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board

Govt puts Yes Bank under moratorium; withdrawals limited to Rs 50,000

This has been done to quickly restore depositors' confidence in the bank. The scheme for reconstruction and amalgamation of bank is also being put in place, RBI said in the statement.

Yes Bank depositors rush to ATMs but most unable to withdraw cash

In the residential area of suburban Chembur, one ATM was dispensing cash but had a long queue of anxious depositors

PSB merger: Indian Bank announces equity exchange ratio with Allahabad Bank

The government had in August last year announced plans to merge 10 public sector banks (PSBs) into four

Withdrawal limit to 'govt bailout': 10 points about Yes Bank's troubles

Yes Bank has been placed under moratorium and the government is reportedly planning a rescue plan involving a capital injection by a consortium led by State Bank of India.