The health scare would taper-off in India also in a matter of a few weeks/months, based on the quantum of spurt in the initial stages and also depending upon the possible role of temperature.
Congress alleged the loans given by YES Bank rose 100 per cent in just two years after demonetisation from Rs 98,210 crore in March 2016 to Rs 2,03,534 crore in March 2018
From the impact of coronavirus on Vivad se Vishwas to reforms in the pension market, here are the top 10 business headlines of the day
Business Standard Opinion pieces for the day talk YES Bank's fallout, Data Protection Bill among other issues.
He said that it is a wrong method to assess a lender's health based on the ratio of deposit to m-cap (market capitalisation)
Regulators, bankers in a huddle to resolve issue
Weak compliance, poor governance and greed led to the bank's failure as it lent to borrowers who did not have the ability to repay
The most important post-mortem required after the YES Bank crisis is about flawed incentives of bankers and officials
Market players said domestic investors have been hit by a double whammy - the YES Bank crisis and the rising number of coronavirus cases
Grey market premiums have dropped to 10% after last week's market fall.
Majority of private bank stocks are down 10-33% YTD, indicating weaning conviction in the sector
Things could have been "nipped in the bud" by the RBI if it drew lessons from the bitter past episodes of banks 'covering up' their solvency
Restriction on withdrawal will hit the bank badly
The agency also named Doit Urban Ventures (India) Limited in its FIR that includes various Indian Penal Code sections and charges under Prevention and Corruption Act
The ED has already arrested 62-year-old Rana Kapoor in the matter under money-laundering charges
The sources refused to elaborate on the nature of the probe -- preliminary enquiry or an FIR -- or people arraigned, but affirmed that a formal investigation has begun
"RBI closely monitors all the banks and hereby assures all depositors that there is no such concern of safety of their deposits in any bank."
The investments in AT-1 bonds of Yes Bank were made in 2017, as part of its treasury management of over Rs 20,000 crore of cash and when the bank was worth over USD 10 billion in value, it said
Of total Rs 423 crore in term deposit, the Corp had Rs 385 crore 3 months back
The ED told the court that role of some companies run by Kapoor's family members needs to be established and they need to confront all these people with the accused