Page 615 - Finance News

SBI Cards IPO subscribed 26 times despite tough market conditions

The 100-million share offering generated close to 2.7 billion bids

Here's the full text of RBI's statement on Yes Bank moratorium

The central bank has appointed former SBI CFO Prashant Kumar as the Yes bank's administrator

Yes Bank put under moratorium, withdrawals capped at Rs 50,000

The RBI removed Yes Bank's board and appointed Prashant Kumar, a former chief financial officer of the State Bank of India (SBI), as administrator.

Access to funding improves for NBFCs but not yet at pre-IL&FS level

Debt capital markets continue to shy away from the shadow banking sector

RBI imposes moratorium on Yes Bank, caps withdrawals at Rs 50,000

Earlier in the day, sources said SBI along with some other financial institutions would bail out capital-starved Yes Bank, with the government giving the go-ahead.

Taxpayers will be 'big casualty' if govt bails out Yes Bank: Macquarie

Over the past few months, YES Bank has struggled to raise capital - nearly $2 billion - it desperately needs to stay above regulatory requirements

Non-bank lenders defying caution, growing riskier unsecured loans: Report

The going has been very difficult for the NBFC segment since the crisis at infra-focused lender IL&FS in September 2018, with liquidity getting scarce and the economy slowing down

HSBC files winding up plea in Singapore court against IL&FS subsidiary

As per a notice published in Singapore's government gazette on March 3, HSBC filed its application for winding up of ITNL Offshore Pte Ltd in Singapore High Court on February 27

Bombay HC rejects Kochhar's plea against her termination from ICICI Bank

ICICI Bank sought dismissal of Kochhar's petition

Govt approves plan for SBI-led consortium to buy stake in YES Bank: Reports

SBI has also been authorised to pick other members of the consortium

Merger of 10 banks into 4 to come into effect from Apr 1, says Sitharaman

Integration of balance sheets to be effective from April 1; bank boards to meet soon to finalise the share swap ratio

Coronavirus: Irdai asks insurers to design products covering treatment cost

The regulator has also made it clear that in existing products where the cost of hospitalisation is covered, insurers have to make sure that cases related to coronavirus are dealt with expeditiously.

HDFC cuts lending rate by 5 bps for salaried people, effective from March 9

HDFC cuts lending rate by 5 bps for salaried people, effective from March 9

Moody's downgrades BoB's baseline credit assessment on asset quality issues

Agency also cites deteriorating operating environment for decision; affirms lender's domestic and foreign bank deposit ratings

HDFC Bank recasts panel to find Puri's successor; Mistry replaced by Karnad

Keki Mistry has been replaced by Renu Karnad of the bank's parent HDFC in the search panel

YES Bank in talks with mutual funds for raising up to $500 million

If the private bank is able to raise funds in this round, it would get some breathing space

FM Sitharaman introduces bill that aims to prevent a PMC Bank-like crisis

The Banking Regulation (Amendment) Bill, 2020, which comes in the backdrop of PMC Bank scam, seeks to strengthen co-operative banks by increasing professionalism and ensuring sound banking through RBI

Digit Insurance comes up with cover amid deadly coronavirus spread

The maximum coverage that the product assures is to the tune of Rs 2 lakh

PNB Housing Finance to raise Rs 1,700 crore in equity through QIP

The housing finance company, however, did not specify timing for the QIP offering

Monitoring coronavirus impact on markets, ready to take action: RBI

The outbreak of coronavirus and subsequent spread to geographies across the world has adversely affected the financial markets