Saloni Shukla
Author Ranina SanglapTheme Banking
India's nonbanking financial companies will need to choose between cheaper money and less onerous regulation if the central bank accepts a proposal by an internal panel to allow large NBFCs to convert into banks, analysts say.
An internal working group of the Reserve Bank of India recommended...
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The Yes Bank turmoil came with a one-off solution, but newer banks will not be spared from the infectious effect. And Covid-19 will only hurt retail lending more
BY SALIL PANCHAL, Forbes India Staff 9 min read PUBLISHED: Mar 24, 2020 03:39:36 PM IST UPDATED: Mar 24, 2020 06:01:17 PM IST
As soon as...
Experts say the appointment of an additional director on its board is RBI's way of having its eyes and ears in the bank
BY SALIL PANCHAL Forbes India Staff2 min read PUBLISHED: May 22, 2019F
Rama Subramaniam GandhiImage: Aniruddha Chowdhury / Mint Via Getty ImagesIn an unprecedented development for Yes Bank, Rama Subramaniam Gandhi,...
“Once a bank is put under a moratorium, its deposit franchise is irrevocably eroded, as banking is all about trust,” Hazari wrote.
Worried customers have been queuing to withdraw money from India's Yes Bank after the country's central bank seized control of the troubled lender.
The Reserve Bank of India (RBI) said it wanted to "quickly restore depositors' confidence" in the bank.
Depositors with Yes Bank can now only withdraw the equivalent of...
