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Uneven trend of redemption seen in state development loans, says Icra

MUMBAI, June 23 -- An analysis of individual maturity profiles of state development loans (SDLs) of 18 major states by rating agency Icra has found an uneven trend of redemption for some states in the... Read More


YES to skip interest on tier-II bonds

Mumbai, June 23 -- Private sector lender YES Bank Ltd said the Reserve Bank of India (RBI) has temporarily disallowed it from paying interest on its tier-II bonds due on June 29, due to its weak capit... Read More


Bank of Baroda posts profit of Rs.507 crore in Q4 as provisions fall

Mumbai, June 23 -- Public sector lender Bank of Baroda (BoB) on Tuesday reported a net profit of Rs.507 crore for the three months to March as against a loss of Rs.8,875 crore in the same period last ... Read More


China's biggest bank makes inroads into India market

New Delhi, June 23 -- The Indian unit of Industrial and Commercial Bank of China (ICBC), the world's largest bank, has steadily increased lending in the last two years, in a sign of the rising tide of... Read More


Yes Bank to skip payment of interest on bonds

New Delhi, June 23 -- Private sector lender Yes Bank Ltd said the Reserve Bank of India (RBI) has temporarily disallowed it from paying interest on its tier-II bonds due on 29 June, due to its weak ca... Read More


RBI bars YES from paying bond interest

MUMBAI, June 23 -- Private sector lender YES Bank Ltd said the Reserve Bank of India (RBI) has turned down its request to pay interest on its tier II bonds due on June 29. It added that the "Reserve ... Read More


Badly hit sectors need a long-term relief package: Manish Kothari

New Delhi, June 22 -- The covid-19 lockdown, which has brought the economy to a near-halt, hit small businesses the hardest. With limited means of absorbing the shock, they have pinned their hopes on ... Read More


RBI disallows Yes Bank from paying interest on tier II bonds

MUMBAI, June 22 -- Private sector lender Yes Bank Ltd said the Reserve Bank of India (RBI) has turned down its request to pay interest on its tier II bonds due on 29 June. It added that the "Reserve ... Read More


Banks prefer sovereign bonds to credit during lockdown

Mumbai, June 21 -- Weak credit demand, ample deposits and the ability to cherry-pick borrowers have flooded Indian lenders with liquidity during the lockdown, prompting them to beef up holdings of gov... Read More


Covid-19 lockdown: Banks prefer sovereign bonds to credit

MUMBAI, June 21 -- Lack of ample credit demand and the option to pick and choose borrowers has left Indian lenders overflowing with liquidity during the covid-19 lockdown, causing them to beef up thei... Read More