US Federal Reserve cuts key interest rate to 0-0.25 per cent amid coronavirus crisis

In a drastic measure to stem any major disruption to the US economy as a result of the coronavirus outbreak, the Federal Reserve has cut its benchmark

from Business Line - Money & Banking https://ift.tt/33iIspc

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Finmin officials support FM Nirmala Sitharaman over address to SBI staff

This prompted the All India Bank Officers’ Confederation to issue a press release on Friday condemning Sitharaman of alleged “unsavoury attack” at the function.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TSk7Dz

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Yes Bank crisis: All-round support may stem outflow of bulk deposits

The support from a host of banks — State Bank of India, ICICI Bank, KMB, HDFC, Axis Bank, Federal Bank, Bandhan Bank — and also the initiatives being taken by the government are expected to instil some confidence in depositors.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xyjJ4f

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View: The steps that are required to avert another YES Bank-like debacle

The collapse of Lehman Brothers showed that bank failure can have a catastrophic effect.

from Banking/Finance-Industry-Economic Times https://ift.tt/2WdWuXt

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Company, promoters don’t have any outstanding term loan from Yes Bank: Indiabulls Housing Finance

A statement from the company said that the outstanding term loans from Yes Bank to promoter of Indiabulls Housing Finance or any of his promoter companies / family members companies are Zero.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U9aejz

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