21 March 2020, Saturday
Performance analysis of public sector banks in India The public sector banks are government-owned ...
Thursday, March 19, 2020, 11:01 AM
Shares of YES Bank plunged nearly 26% in Thursday's trade after the single largest promoter Madhu Kapur, the widow of its founder chairman Ashok Kapur, sold 2.5 crore bank shares in a block deal. The stock fell 26% to hit a low of Rs 45.15 on the BSE. The stock later recovered but was still trading 24% lower at Rs 46.25.
Wednesday, March 11, 2020, 12:20 PM
The YES Bank has allowed its credit card customers to clear their dues and make loan repayments from other bank accounts. The bank said that it has enabled inward payments through IMPS/NEFT and customers can make payments towards their credit card dues and loan obligations through other accounts. The central bank also appointed Prashant Kumar as the administrator.
10 March 2020, Tuesday
The Indian banking system is one of the largest and most extensively accessed sectors in the country ...
Monday, March 9, 2020, 4:15 PM
S&P Global Ratings said quick resolution of YES Bank insolvency will keep India's banking sector contagion at bay, but as credit markets tighten there could be a possibility of wider economic pain in the country. The Reserve Bank last week imposed a moratorium on the capital-starved YES Bank, capping withdrawals at Rs 50,000/account and superseding the board of the private-sector-lender with immediate effect.
Saturday, March 7, 2020, 5:27 PM
State-owned insurer LIC may consider joining RBI efforts to rescue the cash strapped Yes-Bank. This can help to increase capital-infusion under the draft-reconstruction scheme to rescue Yes-Bank designed by the RBI, which was made public on Friday. News-agency IANS quoted official sources as saying that RBI, SBI and finance-ministry-officials were in touch with the insurer to see its interest to participate in the scheme.
Saturday, March 7, 2020, 1:12 PM
SBI on Saturday said it has time till Monday to respond back to the Reserve Bank of India(RBI) on the draft scheme for rescue of Yes Bank, India's fifth private lender. SBI Chairman Rajnish Kumar told a press conference in Mumbai that the bank's legal team has been doing due diligence on draft scheme proposed by RBI for bringing the bank back to health.
Friday, March 6, 2020, 5:05 PM
Senior Congress leader P Chidambaram hit out at the government on Friday, saying its "ability to govern and regulate financial institutions stands exposed". The comments came a day after Yes Bank was placed under a moratorium, with the Reserve Bank of India (RBI) capping deposit withdrawals at the bank at Rs 50,000 per account for a month and superseding its board.
Friday, March 6, 2020, 3:40 PM
Finance Minister Nirmala Sitharaman said the Reserve Bank of India is working on an early resolution of Yes Bank Ltd. and assured its depositors that their money is safe. Restrictions imposed on the troubled private lender and super session of its board are steps taken in the interests of depositors, the lender and the economy, Sitharaman told reporters in New Delhi today.
Friday, March 6, 2020, 9:48 AM
The RBI may permit Yes Bank to pay depositors up to Rs.5 lakh during the 30-day moratorium period under certain circumstances. The Rs.50,000 withdrawal limit will be relaxed for depositors who need money for medical treatment, education, marriage or other ceremonies and "any other unavoidable emergency". A "competent authority" will decide on such requests, the government said.
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