Capital Infusion
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Govt, RBI preparing bailout plan for Yes Bank; crisis-hit private lender hopes to tie up funds by next week
Fp Staff •Early this month, Yes Bank had appointed Anshu Jain-headed global investment bank Cantor Fitzgerald and two domestic entities for its fundraising plans.
Union Budget 2020: Finance Minister Nirmala Sitharaman has her task cut out for crisis-ridden banking sector
Dinesh Unnikrishnan123 •In a normal scenario, these suggestions make sense. But, the state of Indian banking sector is far from normal.
Union Budget 2020-21: Nirmala Sitharaman may announce second round of capital infusion for non-life insurers
•Finance Minister Nirmala Sitharaman may announce second-round capital infusion for public sector general insurance companies in the upcoming Budget to improve their financial health
Nirmala Sitharaman says states refusing to implement CAA is 'unconstitutional', all have responsibility to ensure law is enforced
•Defending the Citizenship (Amendment) Act, Nirmala Sitharaman maintained there was no necessity to mix up the National Register of Citizens (NRC) and National Population Register with the CAA and appealed to those opposing the act not to make allegations that would lead to unrest among the public.
Indian Overseas Bank to receive fresh capital infusion of Rs 4,360 cr from govt this financial year
•Indian Overseas Bank has reported widening of net loss to Rs 2,253.64 crore for the quarter ended September 30, 2019.
Yes Bank shares tumble 5% ahead of board meeting; lender to finalise, approve proposed capital infusion
•Shares of Yes Bank on Tuesday declined by over 5 percent ahead of the board meeting later in the day to finalise and approve the proposed capital infusion
Yes Bank shares continue to fall, plunge nearly 8%; lender's board of directors to finalise capital infusion details on 10 December
•Shares of Yes Bank had tumbled 6.5 percent at close of trade on Monday.
Indian banks need $7 bn additional capital by 2020-21 to support loan growth, cover for bad loans: Fitch Ratings
•Indian banks need an additional $7 billion (Rs 50,000 crore) equity by 2020-21 to support loan growth and cover for bad loans, Fitch Ratings said on Tuesday adding a slowing economy could exacerbate asset-quality tension for a sector grappling with weak recoveries and ageing provisions
Former RBI governor C Rangarajan says banks recapitalisation should be done through cash
•Former RBI governor C Rangarajan on Friday suggested that recapitalisation of banks should be done through by infusing cash rather than issuing Bonds, as he cautioned that Boards of public sector undertakings, including banks, should maintain "arms length" from the Government
Banks to face capital shortfall of Rs 3.5 lakh cr in event of systemic crisis in NBFC sector: Fitch Ratings
•Banks would face a capital shortfall of about $50 billion (about Rs 3.5 lakh crore) in the event of a systemic crisis in the non-banking financial company (NBFC) sector, according to a study by global rating agency Fitch