The government will be the biggest beneficiary since it reduces the burden on the exchequer to bridge a capital shortage at several public sector banks.

The bank said, \"We would like to inform that Rentala Chandrashekhar, Non-Executive, Independent Director has tendered his resignation from the board of directors of YES Bank on November 19, 2018 with immediate effect.\"

The RBI Board decides to set up an expert committee to examine the Economic Capital Framework; the central bank says the issue of banks under PCA will be examined by its Board for Financial Supervision.

PNB Housing Finance was trading 0.89% lower, Indiabulls Housing Finance dipped 2.32%, Dewan Housing Finance rose 2.86%, Mahindra & Mahindra Financial Services fell by 0.74 per cent, Ujjivan Financial Services declined 0.22 per cent and Shriram Transport Finance softened by 0.85% on the BSE.

This training has been provided to officers working at nearly 3,000 bank branches covering all districts in India through more than 2,000 special workshops in the last three years

Patel is unlikely to yield under pressure and will rather mount a strong defence of the central bank's policies regarding stringent NPA recognition norms as well as measures taken to ease credit supply to MSMEs.

Higher provisioning towards bad loans had impacted the balance sheets of these PSU lenders. As per the financial results posted by them, the biggest loss was posted by scam-hit Punjab National Bank.

Gurumurthy said \"In just 18 months prior to DeMo 500 rupee, 1,000 rupee rose to 4.8 lakh crore that is what funded the real estate and gold prices and we would have gone the same way, 2008 in the US due to sub-prime lending...\"