Business Tit-Bits: The Real Clean-up
The Union Cabinet yesterday approved the ‘Yes Bank Reconstruction Scheme 2020’. Under the approved scheme, SBI will now take a 49% equity stake in the...
Tag : SBI
The Real Clean Up
A real clean up at Yes Bank would involve various parts. The first and easy part is to recapitalise the bank, which with the govt...
Coronavirus Pandemic Wipes Off Rs 9 Lakh Cr; Sensex Ends 2,900 Pts Down, Nifty Below 9,600
Equity markets went on a free-fall on Thursday as investors pressed and held the ‘sell’ button after WHO declared the coronavirus outbreak a “pandemic”. Mumbai|...
Business Tit-Bits: We The Helpless
The SBI reduced its lending and borrowing rates yesterday, with an expectedly much deeper cuts in its borrowing rates, on savings and fixed deposit accounts....
YES Bank May Lift Withdrawal Limit By Saturday, Says Administrator Prashant Kumar
RBI-appointed administrator Prashant Kumar said on Monday that the moratorium on Yes Bank could be lifted by Saturday. New Delhi| The imposition of a withdrawal...
Vadodara Civic Body Shifted Rs 265 Cr, hours before RBI moratorium on Yes Bank
On Thursday, the RBI said a moratorium has been imposed on Yes Bank, stressing that the bank’s financial capability has experienced a constant decline. Vadodara| Vadodara...
Vijay Mallya Again Offers to Pay off Principal Amount Owed to Banks
The absconding businessman Vijay Mallya has again expressed willingness to pay principle amount to banks he oew money to. #VijayMallya #SBI...
PMLA court allows to sell seized property of Vijay Mallya to recover loans
In January 2019, under the fugitive economic offender Act 2018, the PMLA court declared Mallya a fugitive economic offender. Mumbai| In a big development,...
The Tale of Two Lenders
While Indian banks say that domestic corporates are not borrowing from them, another news report says that Indian corporates have raised a record USD 30.25bn...
Business Tit-Bits: The Tale of Two Lenders
As the Indian economy slowsdown consistently, so has been the case of lending by banks in India. A news report says that bank credit growth...