Will add liquidity if needed, RBI assures Yes Bank depositors
4 years, 9 months ago

Will add liquidity if needed, RBI assures Yes Bank depositors

The Hindu  

Describing the reconstruction scheme for Yes Bank as credible and sustainable, Reserve Bank of India Governor Shaktikanta Das on Monday sought to assure the private bank’s depositors that their hard-earned money is safe. Watch | Yes Bank crisis explained “It is a very credible and sustainable restructuring plan,” Mr. Das said while addressing the media here on the Yes Bank issue and the coronavirus crisis. On Thursday, it said that its Executive Committee of the Central Board has approved the purchase of 725 crore shares in Yes Bank at Rs 10 per share. The Central government has appointed former SBI official Prashant Kumar as the new Chief Executive Officer of the financially troubled Yes Bank.

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History of this topic

Yes Bank’s $5 billion stake said to attract lenders from the Middle East, Japan
5 months, 4 weeks ago

Yes Bank’s $5 billion stake said to attract lenders from the Middle East, Japan

Live Mint  

New Delhi: First Abu Dhabi Bank PJSC is among potential suitors for a roughly $5 billion stake in India’s Yes Bank Ltd, according to Bloomberg. The Middle Eastern lender is weighing a bid for as much as a 51% stake in YES Bank, the people said, asking not to be identified as the deliberations are private. Private lender YES Bank …

Indian economy makes solid recovery despite global headwind: RBI Governor Das
1 year, 6 months ago

Indian economy makes solid recovery despite global headwind: RBI Governor Das

The Hindu  

Reserve Bank Governor Shaktikanta Das on June 28 said that the Indian economy has made a solid recovery and is among the fastest-growing large economies despite heightened uncertainties and formidable headwinds. The global financial system has been impacted by significant strains since early March 2023 from the banking turmoil in the U.S. and Europe. Since the last issue of the …

Yes Bank 3-year lock-in period ends today: 10 things to know
1 year, 9 months ago

Yes Bank 3-year lock-in period ends today: 10 things to know

Live Mint  

Yes Bank lock-in period ends today: Yes Bank shares are expected to remain volatile as the three-year lock-in period will end today, 13 March 2023. Here are 10 things you should know about Yes Bank 1) The reconstruction scheme 2020 imposed a lock-in period till March 2023 for all investors. 5) As of December 2022, SBI held 26.14 per cent …

As lock-in expires, Yes Bank rescuers may retain stakes
1 year, 10 months ago

As lock-in expires, Yes Bank rescuers may retain stakes

Live Mint  

Mumbai: Banks that acquired stakes in Yes Bank as part of its rescue three years ago are likely to hold on to their shares even as a three-year lock-in ends on 13 March, three officials aware of the matter said. State Bank of India, ICICI Bank, Axis Bank, IDFC First Bank, Federal Bank, Kotak Mahindra Bank and Bandhan Bank have …

Stocks to Watch: Happiest Minds, HPCL, YES Bank, Edelweiss Financial Services, and Others
1 year, 10 months ago

Stocks to Watch: Happiest Minds, HPCL, YES Bank, Edelweiss Financial Services, and Others

News 18  

The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. Separately, SB Adani Family Trust offloaded 5.56 crore equity shares in Adani Green Energy via open market transactions at an average price of Rs 504.6 per share, amounting to Rs 2,805.6 crore. However, Goldman Sachs Trust II-Goldman Sachs GQG Partners International Opportunities Fund bought …

Yes Bank Shares Fall Over 16% in 2023; Should you Buy, Hold or Sell?
1 year, 11 months ago

Yes Bank Shares Fall Over 16% in 2023; Should you Buy, Hold or Sell?

News 18  

Yes Bank Share Price: Shares of YES Bank have been under pressure after climbing to its 52-week high of Rs 24.75 on 13 December, 2022. In these near one month time, Yes Bank shares have tumbled to the tune of 30 per cent whereas in YTD time, it has nosedived over 16 per cent. Giving Yes Bank shareholders to hold …

Yes Bank’s capital raise welcome, but challenges remain: Analysts
2 years, 5 months ago

Yes Bank’s capital raise welcome, but challenges remain: Analysts

Live Mint  

Indian private lender Yes Bank's $1.1 billion capital raise will help strengthen its balance sheet and provide it with growth capital, but it may not be an easy road ahead for the bank as the focus shifts to accelerating growth, say analysts. On Friday Yes Bank announced that it is selling up to a 10% stake to U.S. private equity …

RBI limits tenure of bank CEOs, MDs to 15 years, rule to be effective from October 1
3 years, 8 months ago

RBI limits tenure of bank CEOs, MDs to 15 years, rule to be effective from October 1

India Today  

The Reserve Bank of India said on Monday chief executive officers and managing directors at Indian private-sector banks will be eligible to hold these posts for up to 15 years, as it unveiled a series of rules on term limits. RBI'S NEW RULE The central bank also said on Monday that a CEO, MD or whole-time director who is a …

Huge loss of public funds serious matter: Bombay HC while rejecting Yes Bank chief Rana Kapoor's bail plea
3 years, 11 months ago

Huge loss of public funds serious matter: Bombay HC while rejecting Yes Bank chief Rana Kapoor's bail plea

India Today  

The Bombay High Court rejected the bail plea of Yes Bank co-founder and former Managing Director Rana Kapoor last month. Huge loss of public fund is required to be viewed seriously.” The court further said, “It cannot be disputed that money lying with Yes Bank is public money.” Justice Prakash D Naik, in the 28 page order, noted that the …

RBI Governor Shaktikanta Das Discusses Credit Flow, Rate Cut Transmission With Bank MDs
4 years ago

RBI Governor Shaktikanta Das Discusses Credit Flow, Rate Cut Transmission With Bank MDs

News 18  

Reserve Bank Governor Shaktikanta Das continued discussions with MDs and CEOs of both public and private sector banks on Wednesday. The discussions, which began Tuesday, included the assessment of the current economic situation and outlook, monetary policy transmission, credit flows to different sectors of the economy including stressed sectors and MSMEs, among other matters. An RBI statement said that in …

Govt Approves Merger of Lakshmi Vilas Bank with DBS Bank India, Lifts Curbs on Withdrawal of Deposits
4 years, 1 month ago

Govt Approves Merger of Lakshmi Vilas Bank with DBS Bank India, Lifts Curbs on Withdrawal of Deposits

News 18  

The government on Wednesday approved merger of crisis-ridden Lakshmi Vilas Bank with DBS Bank India Ltd and removed restrictions on withdrawal of deposits by depositors. The Union Cabinet has approved the merger of the LVB with DBS Bank India Limited, Union Minister Prakash Javadekar told reporters, adding the decision will provide comfort to 20 lakh depositors and protect the services …

'Depositors Money Is Safe,' Assures RBI-Appointed Administrator Of Lakshmi Vilas Bank
4 years, 1 month ago

'Depositors Money Is Safe,' Assures RBI-Appointed Administrator Of Lakshmi Vilas Bank

ABP News  

Know How It Gets Implemented And Other Details The Reserve Bank of India -appointed administrator of Lakshmi Vilas Bank, T N Manoharan on Wednesday assured that depositors' money is safe and expressed confidence in completing the lender's merger with DBS Bank India within December 16 deadline set by the banking regulator. Confident that we will be able to implement a …

How the RBI got rid of Yes Bank’s Rana Kapoor
4 years, 2 months ago

How the RBI got rid of Yes Bank’s Rana Kapoor

Live Mint  

Yes Bank, as most readers will be aware, ended up in a downwards spiral. This ‘over-financing’ helped Yes Bank grow its balance sheet, earn profits, pay good dividends and keep the shareholders – which include Kapoor and his family – happy. Every time the RBI inspection team found a bad loan, Kapoor’s standard response was: ‘I will take care of …

No funds available: Depositors at India's PMC Bank survive on loans, charity
4 years, 4 months ago

No funds available: Depositors at India's PMC Bank survive on loans, charity

India Today  

In February, 82-year-old Kishan Lal appealed to India's finance minister for help, saying in a Twitter message he was ready to donate his kidney and eyes if someone could help arrange funds to treat his daughter, who had a brain tumour. Asked about the delay in resolving PMC's problems, Jai Bhagwan Bhoria, an administrator appointed by the RBI to revive …

Yes Bank working on risk, governance after bailout: New CEO
4 years, 4 months ago

Yes Bank working on risk, governance after bailout: New CEO

Live Mint  

Under a new management, Yes Bank has overhauled its risk and governance frameworks to save itself from reputational risks and come out as a brand committed to integrity, its chief executive and managing director Prashant Kumar has said. "The bank has made significant changes in the risk framework to ensure that impending risks are identified, evaluated, and resolved before these …

Withdrawal Limit of Rs 1 Lakh on PMC Bank Can't be Increased Due to Lack of Liquidity, RBI tells Delhi HC
4 years, 4 months ago

Withdrawal Limit of Rs 1 Lakh on PMC Bank Can't be Increased Due to Lack of Liquidity, RBI tells Delhi HC

News 18  

The Reserve Bank of India on Friday told the Delhi High Court that presently it would not be possible to raise the withdrawal limit of Rs one lakh imposed on scam-hit Punjab and Maharashtra Cooperative Bank Ltd due to its lack of liquidity. RBI has told the high court that against a total deposit liability of approximately Rs 10,000 crore …

PMC Bank: RBI cites liquidity issues for not raising withdrawal limit beyond ₹1 lakh
4 years, 4 months ago

PMC Bank: RBI cites liquidity issues for not raising withdrawal limit beyond ₹1 lakh

Live Mint  

New Delhi: The Reserve Bank of India on Friday told the Delhi High Court that presently it would not be possible to raise the withdrawal limit of ₹one lakh imposed on scam-hit Punjab and Maharashtra Cooperative Bank Ltd due to its lack of liquidity. RBI has told the high court that against a total deposit liability of approximately ₹10,000 crore …

Why PMC Bank, Yes Bank depositors in different circumstances: HC asks RBI, govt
4 years, 6 months ago

Why PMC Bank, Yes Bank depositors in different circumstances: HC asks RBI, govt

Live Mint  

New Delhi: The Delhi high court has directed Reserve Bank of India and Centre to file additional affidavits on reasons which propelled forging of the Yes Bank Reconstruction Scheme, 2020. The affidavits will have to state how depositors of PMC Bank are in different circumstances compared with those of Yes Bank. The court, in its order uploaded today, asked RBI …

Day after bonds were downgraded, Yes Bank says it has enough liquidity
4 years, 6 months ago

Day after bonds were downgraded, Yes Bank says it has enough liquidity

Live Mint  

Yes Bank has adequate liquidity to meet all its obligations, the private lender said on Wednesday, a day after Icra and Care Ratings downgraded the upper tier-II bonds of Yes Bank to default. “For Basel II, upper tier-II bonds, the specific features of the instrument require debt servicing to be linked to the bank meeting regulatory norms on capital adequacy,” …

Yes Bank to skip payment of interest on bonds
4 years, 6 months ago

Yes Bank to skip payment of interest on bonds

Live Mint  

Private sector lender Yes Bank Ltd said the Reserve Bank of India has temporarily disallowed it from paying interest on its tier-II bonds due on 29 June, due to its weak capital position. “We refer to our earlier communication dated 27 May 2020 wherein we had inter alia informed that as the capital to risk assets ratio of the bank …

Sebi removes Rana Kapoor as Yes Bank promoter
4 years, 6 months ago

Sebi removes Rana Kapoor as Yes Bank promoter

Live Mint  

The Securities and Exchange Board of India, has removed Yes Bank founder Rana Kapoor as the promoter of the company and reclassified him as an ordinary public shareholder. The bank informed the stock exchanges on Wednesday about Sebi’s decision following a request from the current management, who asked for Kapoor’s removal ahead of the follow-on public offer being planned in …

Coronavirus Outbreak: RBI governor Shaktikanta Das meets NBFCs, MFs sector; reviews liquidity situation
4 years, 8 months ago

Coronavirus Outbreak: RBI governor Shaktikanta Das meets NBFCs, MFs sector; reviews liquidity situation

Firstpost  

Operations of NBFCs have commenced from Monday as the government eased restrictions for the lockdown. Mumbai: Reserve Bank governor Shaktikanta Das on Monday reviewed liquidity position and ways to promote lending to the MSME sector during a meeting with representatives of non-banking financial companies and mutual funds amid the lockdown induced by the COVID-19 pandemic. Some of the issues discussed …

Three private banks pare stake in Yes Bank within 14 days of investing
4 years, 8 months ago

Three private banks pare stake in Yes Bank within 14 days of investing

Live Mint  

Mumbai: After mounting an effort to rescue Yes Bank last month, three private sector lenders have already sold part of their stakes between 17 March and 31 March, showed shareholding data from BSE. While Federal Bank’s stake in Yes Bank declined 47 basis points to 1.92% as on 31 March, Kotak Mahindra Bank’s stake fell 37 bps to 3.61% and …

Coronavirus slump: NBFCs cast shadow on economic recovery
4 years, 8 months ago

Coronavirus slump: NBFCs cast shadow on economic recovery

Live Mint  

In the second week of April, deep into India’s initial 21-day lockdown to curtail the spread of the coronavirus, senior officials at Bajaj Finance Ltd. held a conference call. Now, if bad loans rise as many including the central bank expect, banks and shadow lenders are set to become ever more cautious just when credit is most needed to keep …

RBI Governor Press Conference: Shaktikanta Das announces relief measures for liquidity in system, to ease financial stress
4 years, 8 months ago

RBI Governor Press Conference: Shaktikanta Das announces relief measures for liquidity in system, to ease financial stress

Firstpost  

Stating that the RBI is monitoring the situation developing out of Covid-19 outbreak, he noted that the contraction in exports in March at 34.6 percent was much more severe than global financial crisis of 2008-09. The Reserve Bank of India governor Shaktikanta Das announced relief measures to maintain adequate liquidity in system, facilitate bank credit flow and ease financial stress. …

A battered IndusInd Bank lays bare RBI’s financial stability challenge
4 years, 9 months ago

A battered IndusInd Bank lays bare RBI’s financial stability challenge

Live Mint  

India’s private sector banks are facing their toughest test yet with a virus outbreak putting their earnings at risk, even as the collapse of a peer bank raises questions on deposits. The bank’s stock dropped 15% on Tuesday after the lender revealed in an investor call that it has lost 10-11% of its deposits since Yes Bank Ltd crumbled earlier …

Rescue act, again
4 years, 9 months ago

Rescue act, again

The Hindu  

India’s biggest bank rescue act could not have happened at a more inopportune time. Yes Bank had assets to the tune of Rs.3 lakh crore, but assets as defined in the banking industry are a peculiar artefact of accounting practices. He pointed out that for fiscal year 2015-16 Yes Bank disclosed its gross NPAs as Rs.7,490 crore but the RBI …

RBI appoints R Gandhi, Ananth Gopalakrishnan as additional directors on Yes Bank's new board
4 years, 9 months ago

RBI appoints R Gandhi, Ananth Gopalakrishnan as additional directors on Yes Bank's new board

Firstpost  

Mumbai: The Reserve Bank of India on Friday appointed R Gandhi and Ananth Narayan Gopalakrishnan as Additional Directors on the board of Yes Bank Ltd from 26 March for a period of two years. On 5 March, the Reserve Bank of India RBI had imposed a moratorium on Yes Bank, restricting withdrawals to Rs 50,000 per depositor till 3 April …

Yes Bank Added Over 90% of Bad Loans During First 9 Months of FY20
4 years, 9 months ago

Yes Bank Added Over 90% of Bad Loans During First 9 Months of FY20

The Quint  

Of the gross bad loans on the books of Yes Bank at end of December 2019, the bulk of loans – Rs 30,447.97 crore – were categorised as sub-standard, meaning the payments towards principal and interest remained irregular or overdue for more than 90 days and were classified as bad for a period of 12 months from the date of …

Ready for COVID-19 impact: RBI Governor
4 years, 9 months ago

Ready for COVID-19 impact: RBI Governor

The Hindu  

Amid a carnage in the financial markets, the Reserve Bank of India on Monday said it was ready to take any policy measure to mitigate the effects of the coronavirus outbreak on the economy. At an unscheduled press conference to assuage market participants, RBI Governor Shaktikanta Das also assured depositors of the beleagured Yes Bank that the reconstruction was aimed …

RBI announces no rate cut; to provide liquidity requirement to Yes Bank, if there is a requirement: Shaktikanta Das
4 years, 9 months ago

RBI announces no rate cut; to provide liquidity requirement to Yes Bank, if there is a requirement: Shaktikanta Das

Firstpost  

The RBI governor said a decision on the interest rate will be taken in the MPC meeting Unlike what was anticipated, Shaktikanta Das, governor, the Reserve Bank of India, did not announce a repo rate cut. Press conference | Shaktikanta Das, RBI Governor on Yes Bk: I had announced that RBI will come out with a revival scheme very swiftly …

FPIs, institutional investors flag concerns over Yes Bank trading curbs without notice
4 years, 9 months ago

FPIs, institutional investors flag concerns over Yes Bank trading curbs without notice

Firstpost  

While shares of Yes Bank rose sharply by more than 50 percent to hit a high of Rs 40.40 apiece at the BSE on Monday following a restructuring scheme notified by the government on Saturday, one particular clause to restrict trading in the bank’s shares left many investors concerned. New Delhi: A sudden decision to restrict trading in shares of …

RBI Press Conference | Highlights
4 years, 9 months ago

RBI Press Conference | Highlights

India TV News  

Reserve Bank of India governor Shaktikanta Das is holding a press conference as market mayhem continues due to coronavirus pandemic concerns. The Reserve Bank of India governor Shaktikanta Das has announced two-step mechanism to fight the global effects of COVID-19 but he stops short from announcing any rate cut. Big announcements from RBI governor Shaktikanta Das Press Conference - Yes …

Moratorium on Yes Bank to be lifted on March 18
4 years, 9 months ago

Moratorium on Yes Bank to be lifted on March 18

The Hindu  

The government has notified the reconstruction scheme for crisis-hit Yes Bank, according to which the r estrictions on withdrawals from its accounts will be lifted in “three working days” or on March 18. Watch | Yes Bank crisis explained Prior to this, on March 5, the RBI placed Yes Bank under a moratorium, restricting withdrawals to ₹50,000 per depositor till …

Yes Bank crisis: Moratorium to be lifted on March 18, rescue plan notified
4 years, 9 months ago

Yes Bank crisis: Moratorium to be lifted on March 18, rescue plan notified

India TV News  

The government on March 13 approved the reconstruction scheme drawn by the Reserve Bank of India's for Yes Bank. Yes Bank was placed under a moratorium earlier this month by the RBI, which took control of the board and also imposed a Rs 50,000-limit on withdrawals from the bank till April 3, sending thousands of depositors scurrying to retrieve their …

Four private lenders join Yes Bank rescue
4 years, 9 months ago

Four private lenders join Yes Bank rescue

The Hindu  

Private sector lenders, including ICICI Bank and HDFC, will pick up stake in the troubled private sector lender Yes Bank. While ICICI Bank and HDFC said they would invest ₹1,000 crore each in Yes Bank for about 5% stake each, Axis Bank pegged its investment at ₹600 crore and Kotak Mahindra Bank at ₹500 crore. In a notification to the …

Scheme for Yes Bank gets Cabinet nod
4 years, 9 months ago

Scheme for Yes Bank gets Cabinet nod

The Hindu  

The Union Cabinet on Friday approved a reconstruction scheme for Yes Bank, as proposed by the Reserve Bank of India, under which the State Bank of India will acquire 49% stake in the ailing bank. “The Cabinet has approved the reconstruction scheme for Yes Bank as was proposed by the RBI. The decision to provide a reconstruction scheme keeps at …

Yes Bank: CBI registers case against founder Rana Kapoor
4 years, 9 months ago

Yes Bank: CBI registers case against founder Rana Kapoor

India TV News  

Central Bureau of Investigation has filed a case against Rana Kapoor, former Managing Director and CEO of Yes Bank. Rana Kapoor is also the founder of Yes Bank. It is alleged that the bungalow on Amrita Shet Gill Marg was acquired through M/s Bliss Abode pvt ltd. where Rana Kapoor's wife was one of the directors. 685 crore Rana Kapoor …

Yes Bank crisis: ICICI Bank, HDFC, Axis, Kotak to infuse Rs 3,100 cr in crippled private lender as part of bailout plan
4 years, 9 months ago

Yes Bank crisis: ICICI Bank, HDFC, Axis, Kotak to infuse Rs 3,100 cr in crippled private lender as part of bailout plan

Firstpost  

ICICI Bank, HDFC, Axis Bank and Kotak Mahindra Bank will together invest Rs 3,100 crore as part of the RBI’s reconstruction plan for the crisis-hit lender, according to the regulatory filings ICICI Bank, HDFC, Axis Bank and Kotak Mahindra Bank will together invest Rs 3,100 crore as part of the RBI’s reconstruction plan for the crisis-hit Yes Bank, according to …

RBI asks State govts not to move deposits out of private banks, says money is safe
4 years, 9 months ago

RBI asks State govts not to move deposits out of private banks, says money is safe

The Hindu  

The Reserve Bank of India has asked State governments not to transfer their deposits out of private sector banks saying apprehensions about the safety of deposits in private lenders are highly misplaced. In a letter written to Chief Secretaries of all States, the central bank said moving deposits out of private sector banks could have implications for banking and financial …

Yes Bank crisis may jeopardise ISKCON's mid-day meal programme
4 years, 9 months ago

Yes Bank crisis may jeopardise ISKCON's mid-day meal programme

India TV News  

A senior ISKCON official on Wednesday said the Yes Bank crisis may adversely affect mid-day meals of lakhs of underprivileged children who are fed by the organisation through its "Annamrita" wing. The International Society for Krishna Consciousness and the "Annamrita" have at least 38 accounts across the country with the Yes Bank which has been placed under a moratorium on …

The public unravelling of Yes Bank
4 years, 9 months ago

The public unravelling of Yes Bank

The Hindu  

On Sunday, the Enforcement Directorate arrested Yes Bank’s swashbuckling co-promoter Rana Kapoor, accusing him and his family of using shell companies to receive kickbacks from the bank’s corporate borrowers. The RBI’s asset quality review had forced Yes Bank, as it had several other banks, to report transparently their previously unstated non-performing assets. The RBI found that for the year ended …

Yes Bank crisis explained
4 years, 10 months ago

Yes Bank crisis explained

The Hindu  

The Reserve Bank of India has placed Yes Bank under moratorium. Many borrowers started defaultingThe bank’s gross non-performing asset percentage, that is the percentage of loans overdue for more than 90 days, zoomed to 7.39% as of September 2019, the highest among comparable banks. Loan spree and high NPA meant poor profitability, gauged by Yes Bank’s sinking Return on Assets …

Beneath the ‘Yes mess’, some stark truths
4 years, 10 months ago

Beneath the ‘Yes mess’, some stark truths

The Hindu  

The collapse of Yes Bank is the tale of a promoter who ran amok, treating a publicly listed bank as his private company. The bank’s story is similar to many recent stories of large listed companies that went bust, companies that were treated like family firms by their promoters, companies that were household names. The Board has ‘independent directors’ not …

The cost of a yes to a bank rescue act
4 years, 10 months ago

The cost of a yes to a bank rescue act

The Hindu  

The revival package announced by the Reserve Bank of India to rescue insolvent Yes Bank smacks of desperation. Even before undertaking due diligence, SBI Chairman Rajnish Kumar has announced that his bank is willing to outlay as much as ₹10,000 crore to recapitalise ailing Yes Bank and restore it to health. Data | The Yes Bank crisis explained in six …

Customers sensed all was not well with Yes Bank, withdrew ₹18,110 cr deposits during Mar-Sep 2019
4 years, 10 months ago

Customers sensed all was not well with Yes Bank, withdrew ₹18,110 cr deposits during Mar-Sep 2019

The Hindu  

Deposits at Yes Bank witnessed a steady decline during the March-September period last year as customers withdrew over ₹18,100 crore, in a reflection of falling confidence in the bank. Data | The Yes Bank crisis explained in six charts Yes Bank, which has been put under a moratorium by the Reserve Bank till April 3, during which customers are not …

Congress on Yes Bank crisis: Painting issue BJP’s diversionary tactics
4 years, 10 months ago

Congress on Yes Bank crisis: Painting issue BJP’s diversionary tactics

Live Mint  

NEW DELHI: The Congress party on Monday said the government, led by the Bharatiya Janata Party, was raising the issue of sale of a painting by Priyanka Gandhi Vadra to Yes Bank's founder as a bid to divert attention from the core issues plaguing the private sector lender. The key issues are - the past conduct of Yes Bank and …

Yes Bank debt writedown to hit sector capital-raising; some investors plan to challenge central bank’s move: Analysts
4 years, 10 months ago

Yes Bank debt writedown to hit sector capital-raising; some investors plan to challenge central bank’s move: Analysts

Firstpost  

Yes Bank had about Rs 8,800 crore in AT1 capital as of March 2019, its annual report showed, under the Basel III framework. Mumbai/Hong Kong: The unexpected writedown of some bonds issued by crisis-hit Indian lender Yes Bank as part of a state-led rescue is set to raise borrowing costs and make capital-raising tougher for other banks, investors and analysts …

Claims of Investors in Fray, Ignoring Default Concerns & RBI’s Reluctance to Act: Tracing Collapse of Yes Bank
4 years, 10 months ago

Claims of Investors in Fray, Ignoring Default Concerns & RBI’s Reluctance to Act: Tracing Collapse of Yes Bank

News 18  

New Delhi: Did the sudden RBI takeover of India’s fourth-largest private bank, which was reeling under bad loans and whose collapse looked imminent, come in a bit too late? As we now know, not one investor finally bit the bullet and YES Bank remained starved of capital, with NPAs rising beyond the 7.39 per cent or Rs 17,134 crore number …

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