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Reliance Cap lenders raise concerns over Rs 7,300 cr debt term sheet offered by IIHL
The committee of creditors (CoC) has expressed concerns that...
60-65 % of India’s household gold loans market still untapped, goes to unorganized market: Jefferies
Banks have traditionally dominated the organized gold loan market,...
Yes Bank moratorium to be lifted on March 18 : RBI governor
RBI governor said the Reserve Bank of India’s monetary policy committee will decide if a rate cut is needed to help the economy facing the coronavirus outbreak.
RBI asks state govts not to move deposits out of pvt banks; says money is safe
“We strongly believe that such a move can have banking and financial sector stability implications,” the RBI wrote. “We feel that apprehension on the safety of deposits in private sector banks is highly misplaced and will not be in the interest of stability of the financial system in general and the banking system in particular.”
AI has helped double the average employee tenure in banking sector: Survey
AI also improved the human resource business partners’ productivity by 40 per cent. This included a reduction in time spent on manually collecting, collating, and analysing employee feedback.
Yes Bank may see normal operations by Friday, says Administrator
Mumbai: India's Yes Bank will not be merged with State Bank of India, which is set to infuse funds in the beleaguered lender, the newly appointed administrator leading the rescue plan said in a television interview on Monday. "There is...
Rana Kapoor arrested,remanded to ED custody till Mar 11
The ED contended before the Mumbai court that Yes Bank bought debentures worth Rs.3700 crores of DHFL. In lieu of the same DHFL sanctioned a Rs.600 crore loan to Doit Urban Ventures Pvt Ltd, a company in which Kapoor’s daughters are directors. The said loan was given without adequate collateral.
Depositors’ money safe in banks, concerns based on ‘flawed’ analysis: RBI
“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,” its second tweet said.
Yes Bank’s digital partners hit by moratorium
Yes Bank placed under a moratorium Thursday evening, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board.
State Bank of India says a 49% stake in Yes Bank will cost $331 million
“The survival of the bank is a must,” Kumar told reporters at a news conference, adding that several investors had approached SBI to form a consortium to pick up the 49% stake. He declined to name any of the investors.
RBI unveils Yes Bank’s restructuring plans,SBI likely to hold 49% stake
“The matter in regard to Yes Bank was discussed at the meeting of the central board of bank on Thursday and an in-principle approval has been given by the board to explore investment opportunity in the bank,” the SBI board informed the bourses late in the evening.
SBI & LIC likely to bail out capital starved Yes Bank:Report
SBI, while neither denying nor confirming the news report, told stock exchanges that it will abide by the timelines under SEBI disclosure regulations in disclosing the developments, if any in the matter to Stock Exchanges.