Page 22 - Banks

Yields jump 20 bps on borrowing target hike, banks stem free fall

The government had surprised everyone with a revised borrowing programme of Rs 12 trillion, against Rs 7.88 trillion originally planned

FM to discuss credit flow to NBFCs, businesses with banks on Monday

The FM will take stock of the credit sanction and disbursement by the banks since March 1, 2020, and the Covid-19-related emergency credit lines opened by the lenders

Cloud over online AGM for banks as they don't fall under Companies Act

MCA notification doesn't include banks as they are governed by separate Act; sources say separate guidelines may have to be issued for them

Lockdown woes: Property developers bank on online tools to generate sales

March quarter has already seen a 30 per cent drop in residential sales and the whole year is expected to see a similar drop in sales and generating sales is crucial to developers

RBI governor discusses NBFC liquidity, moratorium with bank chiefs

The meetings were also attended by deputy governors and other senior officers of the central bank, RBI said in a statement on its website

Yields on AT1 bonds shoot up in secondary market on MFs' liquidation move

Banks had issued these bonds as additional tier 1 (AT1) bonds to raise capital in the past

Fitch downgrades viability rating for four banks on Covid-19 impact

Affirms Issuer Default Ratings for seven banks including these four and Bank of India, Canara and PNB

Coronavirus impact: RBI's TLTRO 2.0 gets cold-shoulder from banks

Reluctant to lend to NBFCs, MFIs in current situation

Covid-19 crisis: Each bank to decide on granting moratorium to NBFCs

However, there was no clarity on whether the finance companies that borrow from banks would get the option to delay payments to their lender banks.

Covid-19 relief: Here are the steps taken by the RBI to fight slowdown

Among other important announcements, he announced a reduction in reverse repo rate by 25 basis points from 4 per cent earlier to 3.75 per cent now

Banks to seek extension of moratorium on loan repayments beyond June

CII has sought an increase in credit limits for all regular banking accounts by 25 per cent

Banks face operational hurdles in implementing 90-day loan moratorium

With branches and call centres working with skeletal staff, communicating to customers and documenting the process are key challenges

Covid-19: Big banks reassure staff on layoffs owing to future uncertainty

There could be a sudden surge in activity once cities re-open, people get back to work and markets normalize in a few months - leaving banks unprepared if they fire staff that seem unnecessary now

Coronavirus: Banks to ensure cash withdrawals, remittances at branches

The banks are working round-the-clock to ensure all digital channels are up to date and have all the information that you may need during this period

IBA withdrawal of communique on loans of up to Rs 200 cr stumps banks

IBA withdraws note on FinMin letter which had PMO inputs

Bandhan Bank to gradually lower its microcredit exposure: CEO Ghosh

When the private lender started operations in August 2016, microcredit constituted 85 per cent of its total loan portfolio

Banks at risk of losing billions of dollars in fee-based revenues: Study

The report also said banks' revenues may shrink because regulators are starting to mandate simpler fee structures to protect consumers

FM Nirmala Sitharaman to review bank merger preparedness on Thursday

Banks likely to set up common call centres and monitoring cells

Need emergency money? Don't break fixed deposit, borrow against it

Loan rate is 100-200 basis points higher than the FD rate

YES Bank stock crash and financial mess: How the crisis unfolded in 2 years

Companies that failed to repay their loans to YES Bank include Dewan Housing Finance, Essel group, CG Power, the Anil Ambani group companies, and Videocon