IndusInd banks on PE corporations for $500-$750 mn of self perception capital

MUMBAI: The Hinduja family backed IndusInd Bank is looking to raise as much as $500-750 million “confidence capital” from marque global investors to soothe investor nerves frayed by worries over rising bad loans due to the Covid-19 outbreak and outflow of about a tenth of its deposits after the collapse of Yes Bank. The private…

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RBI denies banks’ keep a question to for pause on asset classification norms amid COVID-19 disaster: File

The RBI had on March 27 announced a three-month moratorium on term loans. FILE PHOTO: The Reserve Bank of India seal is pictured on a gate outside the RBI headquarters in Mumbai The Reserve Bank of India (RBI) has denied a request from banks to put a stay on the asset classification norms, according to…

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Mega merger of 10 PSU banks takes originate: Issues to grab

NEW DELHI: The mega merger of ten public sector undertaking (PSU) banks into four large entities, announced by finance minister Nirmala Sitharaman in August 2019, came into effect from Wednesday. Customers, including depositors of the merging banks, will now be treated as customers of the banks in which they have merged. Here are a few…

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RBL Financial institution’s deposit putrid sees about 8% prick price in Jan-Mar

RBL Bank on Wednesday said it has witnessed a reduction of under 8 per cent in the deposit base in March quarter as government bodies became more averse to parking money with private-sector lenders following the Yes Bank crisis.The city-based bank, which has seen a massive erosion in its stock price recently, however, asserted that…

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PSU banks provide mortgage EMI moratorium to prospects: Issues to understand

PSU banks provide mortgage EMI moratorium to prospects: Issues to understand

NEW DELHI: In a relief to customers, some public sector banks on Tuesday announced deferment of EMI (equated monthly instalment) payments on loans for three months following directions by the Reserve Bank of India (RBI) which asked all lending institutions to allow three month moratorium on loan payments as the economy grapples with Covid-19 challenges.…

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Coronavirus: Some PSU banks defer fee of EMIs on term loans

Coronavirus: Some PSU banks defer fee of EMIs on term loans

DH Web Desk, Mar 31 2020, 15:34 ist updated: Mar 31 2020, 16:04 ist In the view of coronavirus outbreak, some of the PSU banks have decided to give some relief to its customers regarding payments of instalments and interests on term loans. Also read: Confusion prevails among borrowers over three-month moratorium as many get EMI…

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Banks yet to act on EMI relief, spark confusion

Banks yet to act on EMI relief, spark confusion

Representational photo. MUMBAI: With just two days left for the next EMI cycle to begin, most big lenders are unprepared to follow the Reserve Bank of India’s blanket order allowing borrowers to hold back from paying instalments for the month. Top lenders such as State Bank of India, HDFC Bank, ICICI Bank, Kotak Bank and…

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Mega merger of PSU banks comes into force from April 1, says RBI

Mega merger of PSU banks comes into force from April 1, says RBI

NEW DELHI : Notwithstanding the 21-day coronavirus lockdown, the Reserve Bank of India (RBI) has decided to go ahead with the merger plan of ten state-run banks into four larger bank from April 1. The apex bank has issued four separate releases announcing that the branches of merging banks will operate as of the banks…

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“Banks, ATMs To Live Begin”: Nirmala Sitharaman Denies Document Lenders Design To Shut Most Branches

“Banks, ATMs To Live Begin”: Nirmala Sitharaman Denies Document Lenders Design To Shut Most Branches

Banks have so far been exempted from the 21-day lockdownFinance Minister Nirmala Sitharaman on Thursday denied reports that major banks in the country were shutting down most branches to protect their staff from the coronavirus pandemic. Banks have been specifically asked to remain open and all ATMs will also be open, the Finance Minister said. There…

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Banks Thought to Shut Most Branches At some stage in Coronavirus Lockdown to Assign Workers from An infection: Sources

Banks Thought to Shut Most Branches At some stage in Coronavirus Lockdown to Assign Workers from An infection: Sources

Representative Image (Image: Reuters) New Delhi/Mumbai: India’s central bank and major lenders are working on a plan to close most branches during the country’s lockdown, aiming to prevent tens of thousands of employees from becoming infected with the coronavirus, four sources familiar with the matter told Reuters. The world’s second most populous nation with 1.3…

View More Banks Thought to Shut Most Branches At some stage in Coronavirus Lockdown to Assign Workers from An infection: Sources