Misdirected stimulus that relies heavily on liquidity infusion when demand is depressed and incentivising loan defaults by routinely writing off NPAs threaten financial stability and economic recovery

The solution is to deepen India's bond markets to free the NBFCs from excessive dependence on banks, and make the occasional failures (IL&FS, DHFL) less traumatic for the banking system

YES Bank stock is trading higher than 50 and 100-day moving averages but lower than 5 20 200-day moving averages

Bank credit grew 3.2 per cent to Rs 107.05 lakh crore in the first nine months of the current financial year, against a growth of 2.7 per cent registered in the corresponding period of 2019-20

The rise in net profit came on the back of increase in net interest income, which grew 15.1 per cent to Rs 16,317.6 crore in December quarter from Rs 14,172.19 crore in same quarter last fiscal

RBI has been trying to tighten regulatory norms on the sector since Infrastructure Leasing & Financial Services, the largest nonbank financial company, went bankrupt in 2018, and Dewan Housing Finance Corp and Altico Capital defaulted on payments in 2019

The government is considering setting up a Development Finance Institution model (DFI ) to support the infra sectors that need Rs 100 lakh crore investments in the next 5 years. The Union budget 2021-22 is expected to set the road map for creating a new DFI in the country. The earlier DFIs, ICICI, IDBI and IDFC, have all converted into commercial banks to tap the retail deposits as well as retail assets like home loan, car loan, credit cards and personal loans. The banking sector supported the infrastructure sector in the last decade, but the recent mismatches in asset, liabilities and deterioration in asset quality have forced banks to withdraw from such lending. Watch as Anand Adhikari, Executive Editor, Business Today explains in detail.Also Read: Forex reserves up by $758 million to lifetime high of $586 billion

Falling for the third straight session, stock of YES Bank opened at previous close of Rs 18.20 today, also its day's high. Later, the stock fell to the day's low of Rs 17.60, down 1.4% on BSE

The 6-member working group has been formed to study digital lending in regulated as well as unregulated financial sector to devise a regulatory framework for the same

Falling for the second session, stock of YES Bank opened at yesterday's close of Rs 18.20 today and fell to the day's low of Rs 17.60, down 1.4% against the last close of Rs 18.05

Reversing yesterday's gains, stock of YES Bank opened at Rs 18.20 today and fell to the day's low of Rs 17.15, down 5% against last close of Rs 18.05

The central bank said the statutory inspection of Deutsche Bank's financial position as on March 31, 2019 and the Risk Assessment Report revealed non-compliance with the 'Reserve Bank of India (Interest Rate on Deposits) Directions, 2016'

Reversing from yesterday's losses, the stock of private lender opened lower at Rs 17.80 against its previous close of Rs 17.95 today. The stock gained 3% to hit the day's high of Rs 18.50 on BSE

In a stock exchange filing, the company said its board will meet on January 15 to consider share buyback as also payment of interim dividend for the fiscal year ending March 2021

The banking regulator noted that continuance of the bank is prejudicial to the interests of its depositors, and it would be unable to pay its present depositors in full in its present financial position

The Securities Appellate Tribunal (SAT) said if NDTV deposits the amount, the balance amount will not be recovered during the pendency of the appeal before it

Reversing from three days of straight gains, stock of YES Bank opened higher at Rs 18.20 today and fell to the day's low of Rs 17.90, down 1.9% against last close of Rs 18.05

The stock rose 3.87% in a month amid rise in the private banking index and broader indices Sensex and Nifty, which have been hitting record highs. Meanwhile, Sensex has gained 7% during the same period.

The bank's customer deposits rose 41 per cent to Rs 77,289 crore during the third quarter ended December 2020, as compared with Rs 54,631 crore on December 31, 2019

The stock has touched a 52 week high of Rs 525.75 and a 52-week low of Rs 152.35. Share of Bandhan Bank has fallen 1.4% in one month and 17% in one year.