Government, RBI didn’t bother to read the balance sheet of Yes Bank, says Chidambaram
4 years, 10 months ago

Government, RBI didn’t bother to read the balance sheet of Yes Bank, says Chidambaram

The Hindu  

The government and the RBI didn’t bother to read the balance sheet of the Yes Bank, former Finance Minister P. Chidambaram said pointing out to the unusual growth in the loan book at the rate of 35% a year between March 2014 to March 2019. Read: Committed to safeguarding depositors, says Nirmala Sitharaman It was not banking but buccaneering, Mr. Chidambaram said. Read: Editorial | Banking on bailouts “The Yes Bank fiasco is only part of the mismanagement of financial institutions under the watch of the BJP government,” Mr. Chidambaram said. “Just like LIC did, SBI is also doing a command performance.” Reacting to Finance Minister Nirmala Sitharaman’s comment that most of these loans were extended during the Congress-led UPA government’s tenure, Mr. Chidambaram said: “Sometimes when I listen to Finance Minister Nirmala Sitharaman I feel that UPA is still in power and I am the Finance Minister while she is in Opposition.”

Finance Bank Rbi Yes Bank Nirmala Sitharaman Sbi Chidambaram  bank  read  minister  rbi  mr  didnt  balance  nirmala  finance  yes  bother  chidambaram  sheet  sbi

History of this topic

SBI aims to sell Yes Bank stake worth $2.2 billion by end-March: Report
4 months, 4 weeks ago

SBI aims to sell Yes Bank stake worth $2.2 billion by end-March: Report

Hindustan Times  

State Bank of India is reportedly aiming to strike a deal by end-March for the sale of its 24% stake worth 184.2 billion rupees currently in smaller rival Yes Bank, four sources with direct knowledge said. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Japanese lender Sumitomo Mitsui Banking Corp and Dubai-based Emirates NBD are in advanced talks to acquire a majority stake in …

Yes Bank Q1 Results: Net Profit Jumps 46% to Rs 502 Crore on Lower Provisions
5 months, 3 weeks ago

Yes Bank Q1 Results: Net Profit Jumps 46% to Rs 502 Crore on Lower Provisions

News 18  

Yes Bank Q1 Results: Private sector lender Yes Bank on Saturday reported a bigger-than-expected 46 per cent jump in standalone net profit to Rs 502 Crore, helped by a drop in loan-loss provisions and robust loan growth. The Mumbai-based private lender’s standalone net profit had stood at Rs 343 crore in the corresponding period last year. Yes Bank’s provisions and …

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

RBI imposes monetary penalty on Yes Bank and ICICI Bank. Here's why
7 months, 1 week ago

RBI imposes monetary penalty on Yes Bank and ICICI Bank. Here's why

Hindustan Times  

The Reserve Bank of India has imposed monetary penalty on Yes Bank and ICICI Bank for non-compliances with certain directions issued by it. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it …

Yes Bank share price rises 8% today after strong Q4 results
8 months, 1 week ago

Yes Bank share price rises 8% today after strong Q4 results

Hindustan Times  

Yes Bank share price: Shares of Yes Bank opened upside at ₹27.50 apiece on NSE and went on to touch an intraday high of ₹28.55 per share after the opening bell today. Yes Bank share price went on to touch an intraday high of ₹ 28.55 per share on April 29. Yes Bank share price today Shares of YES Bank …

YES Bank Shares Jump 8% On Strong Q4 Results
8 months, 1 week ago

YES Bank Shares Jump 8% On Strong Q4 Results

News 18  

Private sector lender YES Bank‘s shares on Monday saw a strong jump on the back of heavy buying after its strong Q4 FY24 results. Private sector lender YES Bank on Saturday reported a 124 per cent surge year-on-year in its net profit to Rs 454 crore for the March 2024 quarter. Its net interest income during January-March 2024 rose 2.3 …

Yes Bank co-founder Rana Kapoor gets bail in bank fraud case after four years
8 months, 3 weeks ago

Yes Bank co-founder Rana Kapoor gets bail in bank fraud case after four years

The Hindu  

April 19, 2024 05:33 pm | Updated April 20, 2024 01:41 am IST - Mumbai A special court in Mumbai granted bail to Yes Bank co-founder Rana Kapoor on Friday. Mr. Kapoor’s lawyer Rahul Agarwal said, “The case in brief is that Yes Bank Ltd was accused of misappropriation of the impugned loan amount and through Bliss Abode Private Limited …

YES bank rallies over 9.50 per cent amid reports of SBI offloading shares worth Rs 5,000-7,000 crore
11 months ago

YES bank rallies over 9.50 per cent amid reports of SBI offloading shares worth Rs 5,000-7,000 crore

India TV News  

Shares of YES Bank rallied 9.70 per cent to a 52-week high of Rs 32.70 on reports of the State Bank of India offloading its entire stake. Currently, the SBI Consortium holds a 32.70 per cent stake in YES Bank, with LIC holding 4.34 per cent and Axis Bank 2.57 percent. The surge in YES Bank shares by 26 per …

Yes Bank shares cheer New Year after receipt of ₹150 crore from bad loan sale
1 year ago

Yes Bank shares cheer New Year after receipt of ₹150 crore from bad loan sale

Live Mint  

Stock market today: Yes Bank shares witnessed buying interest in early morning deals on first trade session of the new year 2024. According to stock market experts, Yes Bank share price today witnessed upside movement after the private lender's declaration to receive ₹150 crore from a single trust in Security Receipts Portfolio after NPA portfolio sale. On triggers that fueled …

Yes Bank shares jump 6% after NPA portfolio update. Details here
1 year, 1 month ago

Yes Bank shares jump 6% after NPA portfolio update. Details here

Live Mint  

Stock market today: Despite weak market sentiments, Yes Bank shares are attracting strong buying interest during Monday deals. According to stock market experts, Yes Bank share price today skyrocketed after the positive update on sale of NPA portfolio. Yes Bank share news On reason that has fueled Yes Bank share price today, Avinash Gorakshkar, Head of Research at Profitmart Securities …

Canara Bank was top lender to public sector cos in FY23
1 year, 5 months ago

Canara Bank was top lender to public sector cos in FY23

Live Mint  

Public Sector Banks lent ₹4.12 trillion to state-backed corporations and public sector undertakings during 2022-23, down from ₹4.93 trillion during the previous year, finance minister Nirmala Sitharaman informed Parliament in a written response on Monday. Responding to questions by member of parliament, Velusamy P, Sitharaman informed the Lok Sabha that Canara Bank led the lending during 2022-23 to government backed …

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 raises $1.1 billion, expansion plans on table
2 years, 5 months ago

Yes Bank raises $1.1 billion, expansion plans on table

Live Mint  

Two years after India's central bank had to step in to take control of Yes Bank to calm panicky depositors and stem systemic risk, the lender is aiming to expand its loan book and acquire smaller rivals to revive its business, its chief executive said. Yes Bank is looking to increase its loan book by 15% in the fiscal year …

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 …

Yes Bank is confident of 15% credit growth in FY23
2 years, 5 months ago

Yes Bank is confident of 15% credit growth in FY23

Live Mint  

Yes Bank management on Saturday said that it is confident of meeting the 15% credit growth guidance for the fiscal year 2023, even as it reported a 50% year-on-year jump in net profit during the first quarter of the fiscal year owing to lower provisions. The private sector lender reported a net profit of ₹314 crore at the end of …

Yes Bank-DHFL scam: CBI searches premises of prominent realtors in Mumbai, Pune
2 years, 8 months ago

Yes Bank-DHFL scam: CBI searches premises of prominent realtors in Mumbai, Pune

India TV News  

Highlights CBI conducted massive raids at eight premises in Mumbai and Pune in DHFL-Yes Bank case Premises belong to Avinash Bhosale and Shahid Balwa, who was named in 2G scam and later acquitted Radius Developers owe over Rs 3,000 crore to DHFL. It had taken loan to finance a project in Mumbai Yes Bank-DHFL scam: The CBI on Saturday began …

Yes Bank grapples with legacy issues left behind by disgraced founder
3 years, 5 months ago

Yes Bank grapples with legacy issues left behind by disgraced founder

Live Mint  

Two years after Rana Kapoor’s exit, Yes Bank continues to grapple with the legacy of its founder—a plethora of loans given out in an alleged quid pro quo where the bank bypassed institutional credit checks. Other controversial transactions include Yes Bank’s alleged dealings with a well-known asset reconstruction company promoted by the kin of a prominent industrialist, where close to …

Parliament proceedings | Banks wrote off ₹1.15 lakh cr. in nine months of FY21: Anurag Thakur
3 years, 10 months ago

Parliament proceedings | Banks wrote off ₹1.15 lakh cr. in nine months of FY21: Anurag Thakur

The Hindu  

Banks have written off bad loans to the tune of ₹1.15 lakh crore in the first three-quarters of the current fiscal, the Lok Sabha was informed on March 8. As per RBI guidelines and policy approved by bank boards, non-performing loans, including those in respect of which full provisioning has been made on completion of four years, are removed from …

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 …

Yes Bank eyes ₹2 trillion deposits by March
4 years, 1 month ago

Yes Bank eyes ₹2 trillion deposits by March

Live Mint  

Yes Bank aims to raise its deposits book to ₹2 trillion by the end of March 2021. The private sector lender is also planning to expand its retail and small and medium enterprises loan book from ₹6,800 crore in the September quarter to ₹10,000 crore by the end of the third quarter. Rajan Pental, retail banking head of Yes Bank …

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 …

Yes Bank to raise up to Rs 15,000 crore through FPO; offer to open on July 15
4 years, 6 months ago

Yes Bank to raise up to Rs 15,000 crore through FPO; offer to open on July 15

India TV News  

Private sector lender Yes Bank on Thursday said it has filed a red herring prospectus to raise up to Rs 15,000 crore through issuance of fresh equity shares in its further public offering. "The bank has filed a red herring prospectus dated July 7, 2020, in connection with the offer, with the Registrar of Companies, Maharashtra at Mumbai," Yes Bank …

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 …

Yes Bank plans to raise ₹8,000 crore through rights issue
4 years, 6 months ago

Yes Bank plans to raise ₹8,000 crore through rights issue

Live Mint  

Yes Bank Ltd. is planning to raise at least ₹8000 crore in a public offering of shares to boost its capital, according to people familiar with the matter. That could help Yes Bank raise its Tier-1 core capital ratio to around 10%, from 6.3% as of end-March, said the people, who asked not to be identified as the information is …

Yes Bank Q4 results: Private lender posts Rs 2,629 cr net profit on gains from AT-1 bond write-off
4 years, 8 months ago

Yes Bank Q4 results: Private lender posts Rs 2,629 cr net profit on gains from AT-1 bond write-off

Firstpost  

Yes Bank had a loss of Rs 18,560 crore loss in the December quarter while the loss was at Rs 1,506 crore in the March 2019 quarter. Mumbai: Yes Bank on Wednesday reported a net profit of Rs 2,629 crore for the March quarter, helped by a massive gain of over Rs 6,200-crore arising out of a controversial write-off of …

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 …

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 …

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 …

Crisis-hit Yes Bank founder Rana Kapoor sent to judicial custody, lawyer fears he may get coronavirus
4 years, 9 months ago

Crisis-hit Yes Bank founder Rana Kapoor sent to judicial custody, lawyer fears he may get coronavirus

Firstpost  

Yes Bank founder Rana Kapoor, arrested in a money laundering case, is “easily susceptible” to getting infected by the coronavirus in prison, his lawyer told a court here on Friday Yes Bank founder Rana Kapoor, arrested in a money laundering case, is “easily susceptible” to getting infected by the coronavirus in prison, his lawyer told a court here on Friday. …

Yes Bank crisis: Anil Ambani appears before ED in Mumbai in connection with money-laundering probe
4 years, 9 months ago

Yes Bank crisis: Anil Ambani appears before ED in Mumbai in connection with money-laundering probe

Firstpost  

Reliance Group Chairman Anil Ambani on Thursday appeared before the Enforcement Directorate in Mumbai in connection with a money-laundering probe against Yes Bank promoter Rana Kapoor and others, officials said Mumbai: Reliance Group Chairman Anil Ambani on Thursday appeared before the Enforcement Directorate in Mumbai in connection with a money-laundering probe against Yes Bank promoter Rana Kapoor and others, officials …

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 …

Yes Bank: Wadhawans skip ED summons
4 years, 9 months ago

Yes Bank: Wadhawans skip ED summons

India TV News  

DHFL promoters Kapil and Dheeraj Wadhawan on Tuesday skipped appearing before the Enforcement Directorate in connection with a money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said. It is expected that the ED may now issue them new summons for appearance and may also move a court seeking cancellation of the bail granted to Kapil Wadhawan …

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 …

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 …

Yes Bank crisis: Anil Ambani files adjournment plea before ED in probe against Rana Kapoor
4 years, 9 months ago

Yes Bank crisis: Anil Ambani files adjournment plea before ED in probe against Rana Kapoor

Firstpost  

Reliance Group Chairman Anil Ambani has filed an adjournment application and sought more time to appear before the Enforcement Directorate in connection with the ongoing money laundering probe related to Yes Bank co-founder Rana Kapoor Reliance Group Chairman Anil Ambani has filed an adjournment application and sought more time to appear before the Enforcement Directorate in connection with the ongoing …

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 …

Yet another case against Yes Bank’s Rana Kapoor
4 years, 9 months ago

Yet another case against Yes Bank’s Rana Kapoor

The Hindu  

The Central Bureau of Investigation on Friday conducted searches in another case against Rana Kapoor, the then Yes Bank promoter director, his wife Bindu and others in connection with alleged illegal gratification of ₹307 crore for concessions in loan repayments and more credit facilities to Avantha Group companies. Yes Bank had already extended credit facilities of about ₹2,500 crore to …

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 …

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 …

SBI Cards IPO: Yes Bank customers' may not get SBI Card IPO shares allotment; here's why
4 years, 9 months ago

SBI Cards IPO: Yes Bank customers' may not get SBI Card IPO shares allotment; here's why

India TV News  

SBI Cards IPO Allotment: Troubles for depositors' of crash-strapped Yes Bank has not ended yet as among many hits could be investors who have applied for SB Cards IPO. After RBI's restrictions on withdrawal of funds, now it is being wondered how all those applications in the SBI Cards IPO made via Yes Bank will be handled. Meanwhile, Sebi also …

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 …

Yes Bank crisis: Bad loans worth Rs 20,000 crore granted on Rana Kapoor's direction
4 years, 9 months ago

Yes Bank crisis: Bad loans worth Rs 20,000 crore granted on Rana Kapoor's direction

India Today  

The total exposure of Yes Bank could be over 2.25 lakh crore but of that, the non-performing assets are reportedly around Rs 42,000 crore. As per officials of the Enforcement Directorate, interrogating Yes Bank founder Rana Kapoor, of these Rs 42,000 crore loans that turned into NPAs, Rs 20,000 crore were allegedly offered to some corporate companies and Non-Banking Financial …

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 …

Discover Related