NON BANKING SECTOR
Transmission of this rate cut has to be a lot faster: Sachin Chaturvedi
Three-month moratorium will help banks' re-assessment mechanisms, says Board Member, RBI.
YES Bank shares down 3% in early session
Shares of YES Bank traded 2.94 per cent down in trade at 09:54AM on Monday.
IndusInd Bank rallies 45% on value buying, still down 74% year-to-date
The counter had buy orders of 1.77 lakh shares with no sell orders.
Banks’ funding costs rise with risk aversion
One-year CD rates for traditional banks and some public sector financial institutions rose between 100 and 150 basis points due to lack of demand in the secondary market.
Banks, commodity & discretionary stocks among the worst hit
FMCG and pharma stocks are expected to be the least affected and offer higher earnings stability.
LGT Lightstone Aspada leads $7 million funding round in micro-lender SmartCoin
Bengaluru-based startup to use proceeds to grow its loan book to Rs 1,500 crore, and double its user base to 10 million in the next 12 months.
Coronavirus impact: Banks brace for payment defaults, missed targets
Banks are likely to face significant defaults in payment and miss internal targets as more and more states announce lockdowns in the wake of the coronavirus pandemic, senior officials of a number of lenders said on Tuesday.
Banks are in uncharted waters, will need regulatory help: Amitabh Chaudhry
With short-term forbearance, most on the retail side will come out of this crisis, says MD & CEO of Axis Bank.
Covid-19: Karnataka Bank announces waiver of charges for digital transactions
Private sector lender Karnataka Bank on Tuesday announced waiver of charges for NEFT, RTGS, IMPS and UPI transactions done through its digital channels and ATM transactions from Bank’s own ATMs to its customers until further notification.
Government directs PSUs to enforce work from home for half of their non executive staff
To avoid crowding in heir respective offices, plants, units, etc. all heads of CPSEs have been asked to draft a weekly roster keeping in view their work/production exigencies for the non- executive staff in such a manner that not more than 50 per cent of their non executive staff attend the office every day.
Yes Bank problem bank-specific, not sectoral: SBI chief Rajnish Kumar
The Reserve Bank on Thursday placed Yes Bank under a moratorium and imposed limits on withdrawals. "This is not a sectoral problem. It is a bank-specific problem," SBI chief said. "The RBI will take all steps to ensure financial stability." On SBI picking up a stake in Yes Bank, he said the lender already has an in-principle approval for doing so.
US clean energy sector seeks subsidy help to confront slowdown
The clean energy sector is one of the nation's most important economic drivers. But that growth is placed at risk by a range of COVID-19 related impacts.
After SC order, India's cryptocurrency space is whirring back into action
Even as Coronavirus spread, with sectors such as retail, travel, aviation, realty and others hunkering down to face prolonged economic pain, the small club of cryptocurrency players stood out. They are hiring and are witnessing customers, particularly millennials, flocking in to buy virtual money.
India Lockdown: Relieve, revive, rebuild amid a pandemic
The pandemic & accompanying economic crisis need short-term measures to combine with a long-term vision.
YES Bank debt writedown to hit sector capital-raising
While the bonds are designed to help a bank through a crisis, investors warned the fallout for other banks could be substantial.
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