Page 4 - State Bank Of India
ICICI Bank, HDFC, Kotak and Axis Bank join SBI to invest in YES Bank
The ICICI Bank in a regulatory filing said that the board has approved an equity investment of up to Rs 1000 crore in equity shares of YES Bank Limited
 "ICICI Bank, HDFC, Kotak and Axis Bank join SBI to invest in YES Bank")
Cabinet approves reconstruction scheme for cash-strapped YES Bank
The moratorium imposed on the bank will be lifted within three days after the notification is issued
 "Cabinet approves reconstruction scheme for cash-strapped YES Bank")
Market Ahead, March 13: All you need to know before the Opening Bell
The State Bank of India yesterday said it would infuse Rs 7,250 crore into ailing YES Bank to pick up to 49 per cent equity as part of the Reserve Bank of India-mandated bailout plan
 "Market Ahead, March 13: All you need to know before the Opening Bell")
YES Bank crisis: PE firms want to invest at Rs 10/share, on par with SBI
JC Flowers, Tilden, Cerberus ask SBI to prepare a clean-up plan
 "YES Bank crisis: PE firms want to invest at Rs 10/share, on par with SBI")
YES Bank crisis: Cabinet likely to take up revival plan on March 13
RBI Governor Shaktikanta Das had met SBI Chairman Rajnish Kumar on Friday to discuss the way forward.
 "YES Bank crisis: Cabinet likely to take up revival plan on March 13")
SBI pares savings account interest rate to 3%, scraps minimum balance fine
No more SMS charges, Home and auto loan customers to gain as MCLR is slashed by 10-15 bps in tenth such cut this year
 "SBI pares savings account interest rate to 3%, scraps minimum balance fine")
SBI does away with minimum balance requirement in savings accounts
SBI, India's largest bank, has more than 24,000 branches and over 400 million customers
 "SBI does away with minimum balance requirement in savings accounts")
Price of leadership
SBI's YES Bank investment raises questions
 "Price of leadership")
YES Bank to transform into a retail bank: Administrator Prashant Kumar
Hopeful that moratorium on withdrawal will be lifted by Friday, says bank administrator
 "YES Bank to transform into a retail bank: Administrator Prashant Kumar")
After coronavirus, it's a crude shock: Markets see worst rout in 5 years
The Indian markets suffered their worst single-day rout in five years, with the benchmark indices falling 1,942 points and the rupee breaching 74 against the dollar.
 "After coronavirus, it's a crude shock: Markets see worst rout in 5 years")
Business not as usual: YES Bank changes way banks, Mint Road are looked at
Former RBI governor, Urijit Patel, had said in the aftermath of the blowout at PNB that the banking regulator was better positioned when it came to the oversight of private banks.
 "Business not as usual: YES Bank changes way banks, Mint Road are looked at")
YES Bank crisis: Paying loan? Shift ECS mandate to a nationalised bank
If you are paying a personal/home loan or doing SIPs, shift ECS mandate to another bank. It just might make sense to have one account with a nationalised bank
 "YES Bank crisis: Paying loan? Shift ECS mandate to a nationalised bank")
PhonePe partners with ICICI Bank, to continue alliance with Yes Bank
While PhonePe declined to comment on the banks it is in talks with, sources said PhonePe is engaged in dialogue with State Bank of India, HDFC Bank, Axis Bank and RBL Bank.
 "PhonePe partners with ICICI Bank, to continue alliance with Yes Bank")
Meet Prashant Kumar, SBI veteran asked to steer Yes Bank in rough seas
Kumar's mettle was tested in field while leading Kolkata circle as chief General Manager and as general manager in erstwhile Maharashtra and Goa circle.
 "Meet Prashant Kumar, SBI veteran asked to steer Yes Bank in rough seas")
Yes Bank may resume normal operations by Friday, says Prashant Kumar
RBI on Thursday took control of Yes Bank, after the lender - which is laden with bad debts - failed to raise the capital it needs to stay above mandated regulatory requirements.
Yes Bank rescue: India's TARP moment?
Why did the Reserve Bank have to take the moratorium route to sew the deal? Why now?
 "Yes Bank rescue: India's TARP moment?")
Chalasani Venkat Nageswar gets additional charge of DMD, CFO of SBI
Chalasani Venkat Nageswar is Deputy Managing Director, International Banking Group and has been given additional charge as DMD and CFO
Retail investors bought YES Bank shares as institutions exited en masse
Soon after the RBI announced the moratorium, global bank JP Morgan pegged YES Bank shares at Rs 1 a share.
 "Retail investors bought YES Bank shares as institutions exited en masse")
YES Bank fallout: Axis Trustee Services seeks clarity on AT-1 bondholders
RBI's draft reconstruction scheme for YES Bank suggested a permanent write-down of these bonds outstanding as of March 5.
 "YES Bank fallout: Axis Trustee Services seeks clarity on AT-1 bondholders")
Statsguru: How PSBs deal with integration in a challenging biz environment
The RBI in December 2019 noted that private sector banks accounted for 69 per cent of incremental loans in 2018-19
 "Statsguru: How PSBs deal with integration in a challenging biz environment")
