Page 616 - Finance News

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

SBI says reducing indirect taxes, and not rate cuts, can lift consumption

It said a rate cut is unlikely to work in isolation as bank transmission of RBI's rate cut has been slow

YES Bank shares attract hefty SLB premium, high volatility can add risk

The SLB mechanism allows traders to borrow securities that they may not have to meet their obligations

SBI cuts retail deposit rates by up to 50 bps, reduces MCLR by 10-15 bps

In view of adequate liquidity in the system, bank in a statement said it has realigned interest rates on Term Deposits with effect from March 10, 2020

NBFCs' challenges could intensify following Yes Bank restructuring: Fitch

The move on Yes Bank comes as the impact of the coronavirus is beginning to be felt in India, raising further risks to economic growth and non-banking finance companies' asset quality

SBI does away with minimum balance requirement in savings accounts

SBI, India's largest bank, has more than 24,000 branches and over 400 million customers

Bandhan Bank opens 125 banking outlets after RBI lifts restrictions

The banking outlets also include doorstep banking units and home loan service centres

SBI lowers FD, lending rates by up to 15 bps in its 10th cut this year

Overnight and one-month MCLRs have been reduced by 15 basis points to 7.45 per cent each. Three-month MCLR has been revised to 7.50 per cent from 7.65 per cent

Bank is financially strong, well capitalised and profitable: RBL Bank

The bank's capital adequacy ratio is at 16.08 per cent, much higher than the regulatory requirement of 11.5 per cent

YES Bank founder Rana Kapoor tried to influence loan decisions: Gill to ED

Some aides of Kapoor, former board members may be asked to join probe

YES Bank crisis: Sebi may impose curbs on MFs' exposure to perpetual bonds

According to the data sourced from primemfdatabase.com, MFs' exposure to the AT-1 bonds - also called perpetual bonds - stood at Rs 37,687 crore as of January 31, 2020

YES Bank resumes inward NEFT, IMPS services; customers can now pay dues

YES Bank administrator Prashant Kumar said that the moratorium imposed by the Reserve Bank of India could be lifted before the end of this week

ED seizes Rajiv Gandhi painting; many of YES Bank's big loans under scanner

The Enforcement Directorate has widened its probe in the YES Bank case, taking it beyond loans given to DHFL; it is now looking at the bank's books to see if the Kapoor family received kickbacks

FM Nirmala Sitharaman to review bank merger preparedness on Thursday

Banks likely to set up common call centres and monitoring cells

YES Bank to transform into a retail bank: Administrator Prashant Kumar

Hopeful that moratorium on withdrawal will be lifted by Friday, says bank administrator

Business not as usual: YES Bank changes way banks, Mint Road are looked at

Former RBI governor, Urijit Patel, had said in the aftermath of the blowout at PNB that the banking regulator was better positioned when it came to the oversight of private banks.

YES Bank crisis: Axis Trustee moves HC against AT-1 bond cancellation

The central government, represented by the department of financial services and YES Bank, and the RBI have been included in the petition

YES Bank crisis: Paying loan? Shift ECS mandate to a nationalised bank

If you are paying a personal/home loan or doing SIPs, shift ECS mandate to another bank. It just might make sense to have one account with a nationalised bank

YES Bank fallout: CBI books Rana Kapoor's wife and three daughters

Yes Bank has been put under a moratorium by the RBI till April 3, during which customers are not allowed to withdraw more than Rs 50,000.