AuthorRanina Sanglap Gaurav RaghuvanshiThemeBanking
Many Indian nonbanking financial companies may remain short of funds as investors become more cautious and the economy contracts, adding risks to the broader financial system.
Indian authorities have recently stepped up efforts to improve liquidity for nonbanking financial companies, or NBFCs, as the coronavirus pandemic halted the economy...
May 8, 2020
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...
“Once a bank is put under a moratorium, its deposit franchise is irrevocably eroded, as banking is all about trust,” Hazari wrote.
Kumar told media that investment in Yes Bank will not hurt SBI's balance sheet. The focus now shifts to Yes Bank earnings, scheduled for March 14
BY SALIL PANCHAL, Forbes India Staff 3 min read PUBLISHED: Mar 7, 2020 02:14:31 PM IST UPDATED: Mar 7, 2020 02:45:03 PM IST
State Bank of India...
AUNINDYO CHAKRAVARTY 20H 14M AGO OPINION5 min read 4.7k ENGAGEMENT
By the time Narenda Modi became Prime Minister of India, it was common knowledge that he was inheriting an economy riddled with bad-loans – loans that banks had given but were unlikely to be repaid. A wide range of numbers were...
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...
Source : SIFY Author : Finance Desk Last Updated: Tue, Feb 18th, 2020, 15:27:53 hrs
India's most trusted, rich, and successful banker - Uday Kotak is alleged to have made gains of Rs 23,000 crores. The allegation has been made by financial analyst Hemindra Hazari, a SEBI registered analyst and columnist.
For...
THE NEWS SCROLL 17 FEBRUARY 2020 Last Updated at 8:56 PM | SOURCE: IANS
''RBI relaxation led to Uday Kotak gaining over Rs 23,000 cr''
New Delhi, Feb 17 (IANS) The relaxation in norms for private sector banks have resulted in a staggering windfall gain of Rs 23,300 crore to Uday Kotak,...
