Page 615 - Finance News

SBI approves Rs 7,250 cr fund infusion into Yes Bank, to pick up 49% stake

SBI said its shareholding in Yes Bank will remain within 49 per cent of the paid up capital of the private lender and following the fund infusion, it will pick up 725 crore shares

Coronavirus: RBI may slash rates by at least 65 bps by June, says Barclays

The RBI will begin to look beyond inflation and start easing rates to the tune of 65 basis points by June, according to Barclays

Yes Bank crisis: RBI asks state govts not to move deposits from pvt banks

Himachal Pradesh Chief Minister Jai Ram Thakur informed the Assembly that more than Rs 1,900 crore belonging to the state government and people in the state are stuck in Yes Bank

RBI announces USD INR sell/buy swap for liquidity amid Coronavirus

The first sell/buy swap auction involving $2 billion will be held on Monday, the central bank said

RBI may come to the rescue of bleeding markets with liquidity-boost

The market has been expecting an off-cycle interest rate cut by the Reserve Bank of India but the source said no such step is being mulled at this point in time

Rana Kapoor's wife Bindu was director in 42 firms, some named in CBI FIR

Former Yes Bank founder, Rana Kapoor's wife, Bindu was a director in the main investment and holding companies associated with Rana Kapoor, including Morgan Credits, YES Capital

Bandhan Bank to gradually lower its microcredit exposure: CEO Ghosh

When the private lender started operations in August 2016, microcredit constituted 85 per cent of its total loan portfolio

ED probes Rana Kapoor's role in YES Bank's Rs 30,000-cr bad loans

The special court under the Prevention of Money Laundering Act granted an extension to keep Rana Kapoor under custody till March 16

Over 100 people in Yes Bank's 'top management' may lose ESOPs, bonuses

The first-of-its-kind move will mark the activation of RBI's ironclad November 4, 2019 guidelines on the compensation

YES Bank crisis: PE firms want to invest at Rs 10/share, on par with SBI

JC Flowers, Tilden, Cerberus ask SBI to prepare a clean-up plan

YES Bank bailout may renew fund, liquidity pressure on NBFIs: Fitch

The move comes even as the impact of coronavirus is beginning to be felt in India, raising further risks to economic growth and NBFI asset quality

ICAI to review YES Bank's financial statements for FY18 and FY19

Firms say there are limits to audits identifying ever-greening of loans, or flagging suspect collateral securities

Deal with bondholders 'in process', says Yes Bank administrator

"We are in the process," said Prashant Kumar, the administrator appointed by the Reserve Bank of India (RBI)

YES Bank crisis: Cabinet likely to take up revival plan on March 13

RBI Governor Shaktikanta Das had met SBI Chairman Rajnish Kumar on Friday to discuss the way forward.

L&T moves Bombay HC to secure provident funds exposure to YES Bank

Infra giant has Rs 100 crore of exposure to bank's AT-1 bonds

ED identifies real estate assets of Rana Kapoor family in India, abroad

To seek provisional attachment in next few weeks

SBI pares savings account interest rate to 3%, scraps minimum balance fine

No more SMS charges, Home and auto loan customers to gain as MCLR is slashed by 10-15 bps in tenth such cut this year

We are financially strong and well capitalised, confirms RBL Bank

The statement comes in the wake of the Yes Bank crisis, following which stock prices of various banks went sharply down.

YES Bank planning to sell Rs 4,000-crore exposure to Vodafone Idea

Proceeds to be used to shore up liquidity

Yes Bank customers can make Rs 2 lakh payments for loans via other banks

The announcement comes a day after its customers were allowed inward IMPS and NEFT services for the same purposes