RBI managing economic challenges well: report
While gloom prevails across economies, a State Bank of India report says that the Reserve Bank of India has been relatively successful in ensuring financial stability in the market since May.
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September 2020
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March 2020
India Inc.’s mantra for a post-Covid world
At the first-ever virtual edition of the Microsoft Envision Forum the theme of which was ‘Innovate. Transform. Grow.’, business leaders dwelt on ways to operate in a world changed by Covid-19.
Banking on banks in the time of Covid-19
As India battles an unprecedented crisis, the role of banks will define the economy’s agility in rebuilding the lives of a billion people disrupted by the lockdown to check the spread of Covid-19.
Hospital chain, banks, hotels join hands for Project Stay-I
Apollo joins hands with SBI, HUL, and Deutsche Bank to finance the creation of isolation rooms in hotel chains like Lemon Tree, Ginger, and Oyo. Zomato will provide delivery services.
‘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 shares surge 58%
YES Bank ended the trading session 58% higher at ₹58.65 per share on Tuesday. The stock has gained over 150% in three trading sessions.
Market bleeds 2,700 points; SBI Cards listing bombs
The S&P BSE Sensex crashed over 2,700 points as the global selloff intensified. SBI Cards suffered a big blow and its shares listed at a discount of 13% amid widespread panic on Dalal Street.
YES Bank reports record ₹18,564-crore loss in Q3
The beleaguered private bank’s new investors have to deal with the already declining deposit base and mounting non-performing assets.
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.
SBI says no more fines on zero balance accounts
The public sector bank has waived off monthly minimum balance maintenance for its 445.1 million savings bank accounts.
