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    Moody’s changes outlook for Indian banking to ‘negative’

    Moody’s changes outlook for Indian banking to ‘negative’

    04 Apr 2020

    Moody’s Investor Service changed the outlook for the Indian banking system to negative as stress on the sector is likely to rise with the coronavirus outbreak and higher defaults. The...

    Huge state effort on to save private bank

    Huge state effort on to save private bank

    16 Mar 2020

    The Indian government appears to have recognised finally the need for swift and determined action to restore the health of the banking sector and regain public trust. The government and...

    Yes Bank allots 1,000 crore equity shares to SBI and 7 private banks

    Yes Bank allots 1,000 crore equity shares to SBI and 7 private banks

    15 Mar 2020

    Crisis-hit Yes Bank has allotted 1,000 crore equity shares to seven private banks and the state-run State Bank of India for a total consideration of Rs10,000 crore. IDFC First Bank...

    India clears Yes Bank rescue, private banks to buy stakes

    India clears Yes Bank rescue, private banks to buy stakes

    13 Mar 2020

    India’s cabinet has approved a rescue plan for Yes Bank, the finance minister said on Friday, as authorities look to prevent a broader banking crisis. The state-owned State Bank of...

    SBI may implement resolution plan for Yes Bank before RBI deadline

    SBI may implement resolution plan for Yes Bank before RBI deadline

    07 Mar 2020

    SBI chairman Rajnish Kumar on Saturday said the bank will try to implement the resolution plan for the rescue of Yes Bank before the RBI deadline. Buying a 49...

    Indian shares, rupee plunge as Yes Bank woes hit bank stocks

    Indian shares, rupee plunge as Yes Bank woes hit bank stocks

    06 Mar 2020

    Indian shares tumbled on Friday, as banking stocks came under pressure after the country’s central bank placed troubled lender Yes Bank under a moratorium and took over its board. The...

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