The central bank had in 2004 extended a similar facility of Rs 463.5 crore to the crisis-hit Global Trust Bank (GTB) for 90 days to
Category: RBI–Banks
Public money not for private loot, bring Yes Bank under govt control: AIBEA – The Financial Express
They should not be let loose just like that, the AIBEA said in a statement. Stressing that private sector banks were failing one after another,
Price of leadership | Business Standard Editorials
The decision of State Bank of India (SBI) to come in as white knight for YES Bank raises several questions. Capital investment at Rs 10
Why the revival of YES Bank is a herculean task – The Hindu BusinessLine
The distressed private sector bank requires an immediate resolution plan and sizeable capital infusion Months of speculation over the fate of YES Bank came to
The vulnerability of private banks warrants concern – The Hindu BusinessLine
The YES Bank implosion casts doubts on the health of India’s private banks, especially those formed during liberalisation years. The current policy environment validates these
ACB books J&K Cooperative Bank chairman for sanctioning Rs 223 crore in loan to bogus housing society | India News – Times of India
SRINAGAR: The Anti-Corruption Bureau registered on Monday a case against J&K State Cooperative Bank chairman M Shafi Dar for sanctioning a loan of Rs 223
‘Quick resolution of Yes Bank crisis to keep sector contagion at bay’ | Business News,The Indian Express
The central bank has unveiled a draft reconstruction scheme on March 6 for the capital-starved Yes Bank, under which State Bank of India is expected
SBI providing ‘unfair public subsidy’ to Yes Bank owners: Ashok Khemka | Business News,The Indian Express
In a letter to Prime Minister Narendra Modi and Reserve Bank Governor Shaktikanta Das on Monday, IAS officer Ashok Khemka raised several objections to the
बिनचूक ब्रेख्त! –लोकसत्ता
स्टेट बँक, आयुर्वमिा महामंडळ यांतील पैसा लोकांचा आहे.. बेसुमार कर्जे देऊन बुडीत निघालेल्या एका खासगी बँकेला वाचवण्यासाठी तो का ओतला जातो आहे? वर्षभर येस बँक
RBI allays depositors fears, assures safety of deposits – The Economic Times
MUMBAI: The Reserve Bank of India on Sunday allayed fears of bank depositors and assured the safety of their deposits. The banking regulator added that
No improvement: Bailout of Yes Bank reflects all that is wrong with the financial sector and its supervision–Times of India
The bailout last week of Yes Bank by the State Bank of India is the largest of its kind in recent times. For all practical
YES Bank rescue package wards off immediate losses to depositors – The Hindu BusinessLine
But many loose ends remain. With YES Bank skipping recent financial results, it isn’t clear how much capital it will need to fully tide over
As crisis loomed over Yes Bank, in six months, depositors took out Rs 18,000 crore | Business News,The Indian Express
ANTICIPATING TROUBLE in the wake of its failure to get capital infusion and rising non-performing assets, Yes Bank depositors pulled out over Rs 18,000 crore
Women’s Day: Meet the women warriors fighting NPA battles–Business Today
Mamta Binani, a lawyer and a company secretary, has a unique first to her name. She was the resolution professional for the first case that
SBI’s investment good move, but YES Bank needs more funds–Business Today
State Bank of India said on Saturday it would need to invest up to 24.5 billion rupees ($331 million) to buy a 49% stake in
RBI allays depositors fears, assures safety of deposits – The Economic Times
MUMBAI: The Reserve Bank of India on Sunday allayed fears of bank depositors and assured the safety of their deposits. The banking regulator added that
Getting a loan? Your business should be attractive to finance – The Economic Times
By Rishi Mehra During my interactions with bankers, one thing that repeatedly finds a mention is that even if a bank wants to lend, small
View: Government must attack the source of the Yes Bank problem, not its critics – The Economic Times
by Ashok V Desai Everyone would remember the panic of demonetisation. Adult Indians, rich and poor, old and young, wise and foolish, were made by
Deposit/Mcap ratio wrong way to gauge banks’ health, they are well capitalised as per this ratio: CEA – The Financial Express
According to CEA Subramanian, the RBI has put the 9 per cent CRAR limit for banks. Refuting the use of deposits to market capitalisation ratio
Yes Bank rescue: India’s TARP moment? | Business Standard Column
Early Friday morning, a senior banker woke me up with his outbursts on the phone: “Is this the way to save a bank? We are