Banks cut operations to fight coronavirus; check new timings of SBI, HDFC, ICICI Bank

With the rising cases of coronavirus in the country, several banks have revised their banking times and have suspended non-essential services.

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COVID-19 outbreak: From today, bank branches only for essential services

The Indian Banks' Association (IBA) has announced that effective Monday banks will undertake only essential services like cash deposit and withdrawal, cheque clearances, remittances and government transactions.

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RBI splits workforce three ways to keep systems running

The Reserve Bank of India (RBI) has come up with a business continuity plan to keep the machinery of the entire financial system running smoothly.

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Coronavirus: SBI sets up quick response team for staff safety

In a bid to keep its staff motivated amid the coronavirus outbreak, the country's biggest lender State Bank of India (SBI) has set up a quick response team (QRT) to ensure the safety of its employees.

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RBI extends regulatory restrictions on PMC Bank by 3 months

The RBI had put a six-month regulatory restriction on the bank on September 23, 2019, after finding out certain financial irregularities, hiding and misreporting of loans given to real estate developer HDIL.

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SBI tells borrowers, come and take money, opens up emergency credit line amid coronavirus

In order to meet any liquidity mismatch, State Bank of India (SBI) has set up an emergency credit line for its borrowers to help them tide over the crisis triggered by the virus.

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RBI appoints R Gandhi, Ananth Narayan as additional directors on Yes Bank board

The appointment, effective March 26, will be for two years, the Reserve Bank said in a statement which comes a day after the private sector bank resumed full operations.

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Yes Bank to raise Rs 20,000 crore in maiden effort to raise funds post SBI-led bailout

In its maiden effort to gather funds after being bailed out, cash-starved private lender Yes Bank is planning to raise Rs 20,000 crore via certificate of deposits from institutional investors, including banks.

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Yes Bank gets Rs 60,000 crore life support; RBI assures liquidity, with a condition

The Reserve Bank of India has extended a Rs 60,000 crore lifeline to India’s fourth largest private lender Yes Bank to enable the troubled bank to meet depositors’ requirements.

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Yes Bank transfers Puri Jagannath Temple’s Rs 389 crore FD account to SBI

The fixed deposit (FD) account of the temple has accrued a total interest of Rs 8.23 crore.

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Kotak Mahindra Bank, subsidiary sell 20% stake in ECA Trading Services

The cash consideration for the transaction, which was completed on March 18, stood at Rs 1.67 crore for Kotak Mahindra Bank and Rs 2.27 crore for Kotak Mahindra Prime.

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Yes Bank branches look deserted after moratorium lifts

The bank resumed full operations from 6 pm on Wednesday, after being under moratorium for 13 days.

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Yes Bank: Anil Ambani appears before ED in Mumbai

The agency is expected to record the statement of the 60-year-old Ambani under the Prevention of Money Laundering Act (PMLA).

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Karur Vysya Bank enters bullion business

The gems and jewellery business is an important part of India’s economy and KVB is now in a position to enhance its support to this important industry, the statement said.

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Covid Impact: Banks may ask RBI for relief to tackle anticipated stress

Data from RBI shows banks’ outstanding loans to services sector stood at Rs 24.32 lakh crore as on January 31, accounting for 27.3% of the total non-food credit.

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Yes Bank reborn: Moratorium ends, customers can now withdraw as much money as they want

India’s fourth largest private bank Yes Bank has got a second life today after the Reserve Bank of India lifted the moratorium two weeks ahead of the proposed deadline of 3 April 2020.

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After Yes Bank crisis, IndusInd Bank says it is financially strong and well-capitalised

The deposit business of the bank on both retail and corporate segments is steady.

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Paytm Bank’s big digital push; Vijay Shekhar Sharma-led bank to issue 1 crore virtual debit cards

Vijay Shekhar Sharma-led Paytm Payments Bank Ltd (PPBL) Wednesday announced that it will now start issuing Visa virtual debit cards to the customers.

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Faith restored in Yes Bank: More deposits in last four days, less withdrawals

While the Reserve Bank of India had imposed a moratorium on the bank and had capped withdrawals at Rs 50,000 per person, only one-third of the customers actually withdrew the amount, bringing more money to Yes Bank.

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Rajnish Kumar looks to calm investors, says SBI will not sell Yes Bank shares for three

Reinstating confidence in the reconstructed Yes Bank, Rajnish Kumar, Chairman of India’s largest public sector lender State Bank of India (SBI) said that SBI will not sell even a single share of the 49 per cent stake it has picked up in the troubled lender.

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