Banks

The crisis at Yes Bank had triggered scares on the health of private-sector lenders and led to deposit withdrawals. The Reserve Bank had to step in and assure depositors, including state governments like Maharashtra that had gone public with their plans to shift money, not to do so. … [Read more...] about RBL Bank’s deposit base sees about 8% reduction in Jan-Mar

Another impact is on the account holders as the bank is under a moratorium restricting the monthly withdrawal to Rs 50,000, subject to certain exceptions and prior approvals from RBI. This is not only bound to hinder the day to day activities for people whose, primary bank accounts were in yes Bank, but may also hamper small businesses. … [Read more...] about How the Yes Bank crisis has caused a domino effect

ICICI said the impact on asset quality may be for a short term. However, it will be important to track borrowers' behaviour after the completion of moratorium period, it said. As per the brokerage, working capital loans and unsecured loans like personal loans and credit cards are at higher risk of default. … [Read more...] about IndusInd Bank deposits shrink by 10-11%, brokerages see tough road ahead

Shares of IndusInd Bank rose nearly 2 percent while those of Eveready Industries hit a fresh 52-week high of Rs 157.60, jumping 8 percent in morning trade on BSE on August 10. … [Read more...] about IndusInd Bank up 2%, Eveready hits 52-week high as bank acquires stake in battery maker

State-run Bank of Maharashtra has slashed its marginal cost of funds based lending rate (MCLR) by up to 10 basis points for select tenors effective Monday. … [Read more...] about Bank of Maharashtra, Indian Overseas Bank slash MCLR by up to 10 bps