Bank crisis

Aware of the decision of the Reserve Bank of India (RBI) to suspend the board of directors of Yes Bank and limit the withdrawal of customers to only Rs 50,000 for one month until April 3, the Minister of Finance Nirmala Sithraman on…

Aware of the decision of the Reserve Bank of India (RBI) to suspend the board of directors of Yes Bank and limit the withdrawal of customers to only Rs 50,000 for one month until April 3, the Minister of Finance Nirmala Sithraman on…

New Delhi: Many local banks in China have frozen cash withdrawal. Banks do this to avoid a severe cash crisis. For this reason, customers cannot withdraw their money deposited in these banks. In fact, Chinese banks are going…

hong kong CNN Business — Chinese authorities will begin reimbursing bank customers whose accounts have been frozen for months, following…

hong kong CNN Business — Chinese authorities will begin reimbursing bank customers whose accounts have been frozen for months, following some of the…

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Ten years ago, Sean had the life that many of us can only dream of. As a rigger in the live music industry, he traveled the world with U2 and Bon Jovi, setting up stages and sound systems for huge crowds in some of the world's biggest…

The Reserve Bank of India (RBI) appointed Yogesh Dayal as the director of the board of directors of the RBL bank for 2 years, which is seen by analysts as "government intervention to save the private bank".Following this, the All-India…

Under Kuwaiti laws, banks and money changers are prohibited from making…

Afghan economists and money exchangers have warned of a looming shortage of available foreign exchange in Afghanistan as the country grapples with a severe economic crisis following the fall of the West-backed government of President…

Posted: 10:47 a.m. November 2, 2021 Hatfield's banking crisis is expected to ease after the new post office finally opens. The permanent post office at 36 Town Center opened on Friday, with its now crucial banking services, with!-->!-->!-->…

Depositors at 21 troubled Indian banks can withdraw funds up to 5 lakh by December.In accordance with the instructions of the DICGC, banks will have to prepare a list of depositors willing to claim deposit insurance before November 29 and…

UniCredit revealed last week that it is looking to buy some of the good parts of Monte dei Paschi, which is majority owned by the Italian state. Two-thirds of Monte have reacted in a volatile…

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New Credit Suisse chairman António Horta-Osório told investors the recent banking crisis was the worst he has seen in his career. Speaking at an annual meeting yesterday, the former Lloyds boss told…

It is a main bank that nothing should shake. The regulator is therefore attentive to its development. With the CBN movement, we pray that First Bank finds some peace. But more generally, we hope our smart people who run banks will…

FIRST BANK CRISIS - WHY ELEPHANTS DON'T BREAKDANCE By Tope FasuaApril 29, 2021 Founded by the owner of Elder Dempster Agencies, Alfred Lewis Jones in 1894, the British Bank of West Africa was!-->!-->!--div>-->!--id="cse-search-box"-->!--form>…

Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) leading the response to the country's dollar shortage. With the CBN movement, we pray that First Bank finds some peace. But more generally, we…

ELYRIA, Ohio - Julie Chase-Morefield was delighted to learn in late December that her nonprofit, Second Harvest Food Bank of North Central Ohio, would soon receive a $ 4.6 million share from Lorain County, after his agency would have…

India's economy was booming in 2004, and “India Shining” seemed like a fitting slogan to capture thought. At that time, a non-bank finance company requested (and received) permission to operate as a…

Whether it was PMC Bank or LVB or any other financial institution in difficulty, the financial situation of these banks was deteriorating steadily.By Raj KhoslaThe Lakshmi Vilas Bank (LVB) crisis shocked hundreds of thousands of troubled…

Banking sector news has rarely been good in recent years: Ballooning non-performing assets, strained balance sheets, stories of unscrupulous lending and poor corporate governance have all clouded the Indian banking sector. Despite credit…

The board of directors is only a temporary arrangement until the name is approved by the Reserve Bank of India, Sinha said The subjectsLakshmi Vilas Bank!-->…

Private sector lender IndusInd Bank reported a 7% drop in deposits in the March quarter due to withdrawals triggered by the Yes Bank crisis…

Gabriel Makhlouf, the governor of the Central Bank of Ireland, has led the institution since its lockdown in Greece. The bank confirmed that Mr…

In the aftermath of the YES Bank crisis, deposits with private sector lender IndusInd Bank fell from around 10% to 11%, most coming from government-linked accounts. There might be some delinquency in unsecured loans due to foreclosure,…

Former Reserve Bank of India Governor Bimal Jalan said the crisis at Yes Bank was his own doing, not the central bank or the finance ministry.Former Reserve Bank of India Governor Bimal Jalan said the crisis at Yes Bank was his own doing,…

The Sessional Court in Mumbai on Friday sent Rana Kapoor, former Managing Director (MD) and Managing Director (CEO) of YES Bank, into judicial custody until April 2. no longer needs Kapoor's custody. The Central Bureau of…

The companies belonging to the Essel group of Subhash Chandra are among those that have bad debts with Yes Bank. He was subpoenaed on March 18 but requested a waiver. Subhash Chandra of the Essel group, who was summoned by the…

The Reserve Bank of India (RBI) announced on Saturday that it had extended regulatory restrictions on the Punjab and Maharashtra Cooperative (PMC) Bank by three months until June 22, 2020.The RBI had imposed a six-month regulatory…

Even as markets attempted to consolidate amid this coronavirus chaos, financial stocks continued to be the biggest losers, with Nifty Bank falling more than 35% in the past month from a 28% drop. benchmarks.So what, other than the impact…

Earlier this week, YES Bank, a mid-sized private sector bank with assets worth over $ 40 billion, effectively imploded. The bank has been put under moratorium by the RBI and some of its senior executives are under investigation…

The bank's shares closed down nearly 9% at Rs 604.30 on BSE on Tuesday.Private sector lender IndusInd Bank has said it is financially strong, well capitalized and profitable, amid market rumors about the health of the lender following the…

The delisting of the YES Bank AT-1 (Additional Tier-1) bonds, in which many retail investors had also placed their money, is drawing strong criticism from legal experts in the securities market. YES Bank has written off 8,500 crore of…

Indiabulls Housing Finance seized the Bombay High Court on Monday, seeking relief on YES Bank's additional Tier 1 (AT-1) bonds which will be written down when the Reserve Bank of India (RBI) completes the rebuilding of the…

Confirming the development, an ED official said the agency was reviewing all of the bank's large borrowers and distressed loans sanctioned during Kapoor's tenure. !-->…

The restriction on withdrawals imposed by the Reserve Bank of India (RBI) on Yes Bank has disrupted the financial lives of not only Yes Bank account holders, but even non-Yes Bank account holders. Yes, the bank's customers could not access…

The Central Bureau of Investigation (CBI) has filed a new complaint against YES Bank co-founder Rana Kapoor and his wife, Bindu Kapoor, for allegedly obtaining an illegal gratuity by acquiring property in New Delhi from Gautam's…

Bombay: days after the collapse of Yes Bank, at least three of his peers, including Kotak Mahindra Bank (KMB), said Wednesday the strength of its capital and allayed the fears of depositors. The response was reportedly necessitated by…

New Delhi: The CBI has reserved Yes Bank founder Rana kapoor and his wife Bindu for allegedly obtaining a bribe of Rs 307 crore by buying a bungalow in an area of ​​Delhi from a real estate company at…

Larsen and Toubro have challenged the Bombay High Court against the decision of the Reserve Bank of India to invalidate the additional level 1 obligation of the YES bank in crisis in accordance with a new proposed reconstruction plan. L…

As the State Bank of India (SBI) advances discussions with interested buyers to…

After the troubled Yes Bank restructuring project, investors have high hopes that the bank will survive. This was reflected when the lender's share price jumped over 400% from an all-time low in just 2 trading sessions after the…

Mumbai: The Yes Bank crisis is having a contagious impact on other private banks, forcing these lenders to clarify their position and address depositors' concerns about their capital base and liquidity. RBL Bank, and, in separate…

India's rapid response to the crisis at Yes Bank Ltd., which includes rare restrictions on withdrawals, could help limit contagion in the financial system which is already facing growing mistrust, analysts say. After Yes Bank failed to…

The Reserve Bank of India has placed Yes Bank under moratorium. Yes Bank customers cannot make regular withdrawals over Rs. 50,000 per day until April 3, subject to a maximum of Rs. 5 lakh. How did Yes Bank fall into the crisis? 1. It has…

On March 5, the Reserve Bank of India announced that it replacing the board of directors of Yes Bank for a period of 30 days "due to a serious deterioration in the financial condition of the Bank". But what has caused panic in the general…

By Nivedita Bhattacharjee, Savio ShettyBENGALURU / MUMBAI (Reuters) - Shares of Indian banks fell to a more than 13-month low on Monday as the crisis at Yes Bank Ltd scared investors and raised concerns about the wider sector.People wait…

State Bank of India Chairman Rajnish Kumar said on Saturday that the state bank's commitment to YES Bank would be a maximum of Rs 10,000 crore, while it will initially start with an investment of worth Rs 2,450 crore.…

The Modi government faces a major problem. No, this has nothing to do with the Citizenship (Amendment) Act or the protests against it. Weak economy is a problem, as are fears about the spread of Covid-19. But the problem I'm talking…

As with your investments, you should also diversify your banks so that you don't have all of your money tied to one bank.Lately, there has been a wave of intervention by the Reserve Bank of India. The central bank had to intervene often…

On March 5, 2020, the Reserve Bank of India (RBI) imposed a 30-day moratorium on YES Bank, replaced the board of directors of the private sector lender and appointed Prashant Kumar, who…

New Delhi: Last month, the Reserve Bank of India (RBI) put the Punjab and Maharashtra Co-operative (PMC) on restrictions after suspected financial irregularities on some loan accounts were exposed. In its instructions, the umbrella…

Cooperative Bank of Punjab and Maharashtra (PMC Bank) has been the subject of regulatory action and investigations into suspected irregularities in certain loan accounts. The loans…

Amid the Punjab and Maharashtra Co-operative (PMC) Bank crisis which forced the Reserve Bank of India (RBI) to impose restrictions on the lender, the finance ministry said there was no chance of the crisis spreading to…

Europe's problems with some of its largest financial institutions could spill over into the rest of the global market. Deutsche Bank shares fell on Friday, before cutting losses somewhat, following a report that a…

Shares of Deutsche Bank hit record highs this week on growing concerns about the struggling German lender, and fell again on Thursday.On Thursday, a Bloomberg report raised concerns that a handful of funds are less willing to do…

Deutsche Bank shares hit record lows this week amid growing concerns over the survival of the ailing German lender. In the past two weeks he has been hit with billions in fines from the US Department of Justice and reports that the…

Shares of German Bank rose to record highs this week on growing concerns over the survival of the struggling German lender. Over the past two weeks, it has been hit with billions in fines from the US Department of Justice and…

Shares of German Bank rose to record highs this week on growing concerns over the survival of the struggling German lender. Over the past two weeks, it has been hit with billions in fines from the US Department of Justice and…

People line up outside an office of Bulgaria's First Investment Bank in Sofia yesterday. SOFIA: Bulgaria's banking crisis eased yesterday with fewer depositors queuing to withdraw their savings after senior politicians assured them…

The Kabul Bank, one of the largest private financial institutions born after the fall of the Taliban, sits at the very center of the Afghan political and economic elite. One of Mr. Karzai's brothers, Mahmoud, is a majority shareholder, as…

A banking system in crisis after the bursting of a real estate bubble. An economy in the throes of jobs. A market oriented government struggling to stem the panic. Seems familiar?This is the case for Sweden. Was the country so far in…