LVB crisis: Same story, different characters
The 30-day moratorium on Lakshmi Vilas Bank is similar to YES Bank, protecting depositors and employees, but retail shareholders would be worst hit if amalgamation with DBS Bank India goes through.
moratorium
November 2020
September 2020
May 2020
March 2020
Fitch reviews ratings outlook of four NBFCs
The credit rating agency points out that the pandemic will continue to be a spoilsport for the NBFCs it reviewed as funding remains a challenge in the current market.
RBI CUTS REPO RATE BY 40 BPS IN FRESH SALVO
Moratorium extended, banks’ group exposure increased to 30%; slew of measures to support economy affected by Covid-19.
IndusInd Bank’s tale of circuits and trouble
After the change of guard at the leading private bank, its stock has witnessed 10 upper and lower circuits in the last five trading sessions.
‘No need to worry about YES Bank deposits’
Prashant Kumar, the bank’s administrator, echoed the words of RBI governor Shaktikanta Das that there was no cause for worry about deposits as the moratorium on withdrawals is set to end on March 18.
YES Bank moratorium ends on March 18
The government notifies reconstruction scheme with wider room for capital, four board members, and conditional lock-in for the existing shareholders.
Another Black Friday for the bourses
The global rout owing to the unabated rise in coronavirus cases and the YES Bank crisis led to a decline of 1,459 points on the Sensex and 441 points on the Nifty 50.
Yes Bank: RBI releases draft of bailout plan
The central bank has invited suggestions and comments from members of the public, including the banks’ shareholders, depositors, and creditors on the draft scheme till Monday (March 9).
YES Bank under a month-long moratorium
Thursday was an eventful day for the crisis-hit lender owing to merger-related speculations, but it ended with crippling the private bank’s most unsuspecting stakeholders—its depositors.
