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

4 years, 9 months ago

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

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 to file an affidavit as to what prompted it to take action in the “public interest” to secure the interest of the depositors of Yes Bank. The circumstances created by the Coronavirus pandemic affects even the depositors of the PMC Bank.” PMC Bank administrator was also directed to file an additional affidavit on the matter.

Bank Rbi Yes Bank Depositors Pmc Bank

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

9 months ago

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

India

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

2 years, 1 month ago

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

Bank

As Yes Bank rallies 27% in 3 days, analyst cautions on upcoming lock-in expiry

2 years, 3 months ago

As Yes Bank rallies 27% in 3 days, analyst cautions on upcoming lock-in expiry

Bank

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

2 years, 11 months ago

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

Mumbai

Small finance bank to take over PMC Bank: RBI tells Delhi HC

3 years, 8 months ago

Small finance bank to take over PMC Bank: RBI tells Delhi HC

Court

RBI Paves Way for Takeover of Crisis-hit PMC Bank, Allows Centrum to Set Up Small Finance Bank

3 years, 9 months ago

RBI Paves Way for Takeover of Crisis-hit PMC Bank, Allows Centrum to Set Up Small Finance Bank

Pmc

Initial Response Looks 'Positive' for PMC Bank Resolution, Says RBI Governor

4 years, 4 months ago

Initial Response Looks 'Positive' for PMC Bank Resolution, Says RBI Governor

Bank

Scam-hit PMC Bank Invites Expression of Interest from Potential Investors for Reconstruction

4 years, 5 months ago

Scam-hit PMC Bank Invites Expression of Interest from Potential Investors for Reconstruction

Bank

RBI Appoints New PMC Bank Administrator, Says Huge Losses Posing Challenges to Revival

4 years, 6 months ago

RBI Appoints New PMC Bank Administrator, Says Huge Losses Posing Challenges to Revival

Bank

Fraud-hit PMC Banks Approaches Banks Over Possible Merger, Reveals Report

4 years, 6 months ago

Fraud-hit PMC Banks Approaches Banks Over Possible Merger, Reveals Report

India

Fraud-hit PMC asked other major banks for merger: Bank tells Delhi HC

4 years, 6 months ago

Fraud-hit PMC asked other major banks for merger: Bank tells Delhi HC

India

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

4 years, 7 months ago

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

Finance

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

4 years, 7 months ago

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

Court

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

4 years, 7 months ago

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

Court

Plea to release ₹5 lakh to PMC bank depositors during COVID-19; HC seeks Centre, RBI

4 years, 8 months ago

Plea to release ₹5 lakh to PMC bank depositors during COVID-19; HC seeks Centre, RBI

Bank

Delhi HC Issues Notice In Plea Seeking Direction To PMC Bank To Allow Its Depositors To Withdraw Upto ₹5 Lacs In Light of COVID19

4 years, 8 months ago

Delhi HC Issues Notice In Plea Seeking Direction To PMC Bank To Allow Its Depositors To Withdraw Upto ₹5 Lacs In Light of COVID19

Justice

Yes Bank Fraud Case: Blow To CBI As Court Dismisses Chargesheet To Prosecute Rana Kapoor In Absence Of Sanction

4 years, 8 months ago

Yes Bank Fraud Case: Blow To CBI As Court Dismisses Chargesheet To Prosecute Rana Kapoor In Absence Of Sanction

Bank

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

4 years, 9 months ago

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

Bank

Yes Bank to skip payment of interest on bonds

4 years, 9 months ago

Yes Bank to skip payment of interest on bonds

Bank

PMC Bank: RBI extends restrictions for 6 months; withdrawal limit now ₹1 lakh

4 years, 9 months ago

PMC Bank: RBI extends restrictions for 6 months; withdrawal limit now ₹1 lakh

Bank

Delhi HC Directs RBI To Consider The Difficulties Faced By Depositors Due To Moratorium On Withdrawal From PMC Bank [Read Order]

4 years, 10 months ago

Delhi HC Directs RBI To Consider The Difficulties Faced By Depositors Due To Moratorium On Withdrawal From PMC Bank [Read Order]

Bank

Lockdown : Delhi HC Freezes NPA Classification Taking Note Of RBI Advisory On Moratorium [Read Order]

4 years, 11 months ago

Lockdown : Delhi HC Freezes NPA Classification Taking Note Of RBI Advisory On Moratorium [Read Order]

Court

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

4 years, 11 months ago

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

Bank

RBI Advisory On Moratorium Applicable Even To Loans On Default As On 1st March : Delhi HC [Read Order]

5 years ago

RBI Advisory On Moratorium Applicable Even To Loans On Default As On 1st March : Delhi HC [Read Order]

Delhi

Delhi HC Restores 'Status Quo Ante' With Respect To Loan Classified As NPA By Yes Bank Amid COVID-19 [Read Order]

5 years ago

Delhi HC Restores 'Status Quo Ante' With Respect To Loan Classified As NPA By Yes Bank Amid COVID-19 [Read Order]

Bank

Rescue act, again

5 years ago

Rescue act, again

India

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

5 years ago

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

Bank

Ready for COVID-19 impact: RBI Governor

5 years ago

Ready for COVID-19 impact: RBI Governor

Bank

Will add liquidity if needed, RBI assures Yes Bank depositors

5 years ago

Will add liquidity if needed, RBI assures Yes Bank depositors

Crore

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

5 years ago

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

Bank

Bandhan Bank to invest Rs 300 crore in Yes Bank as part of reconstruction plan

5 years ago

Bandhan Bank to invest Rs 300 crore in Yes Bank as part of reconstruction plan

Bank

Moratorium on Yes Bank to be lifted on March 18

5 years ago

Moratorium on Yes Bank to be lifted on March 18

Director

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

5 years ago

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

Bank

Four private lenders join Yes Bank rescue

5 years ago

Four private lenders join Yes Bank rescue

India

Scheme for Yes Bank gets Cabinet nod

5 years ago

Scheme for Yes Bank gets Cabinet nod

Bank

Yes Bank: CBI registers case against founder Rana Kapoor

5 years ago

Yes Bank: CBI registers case against founder Rana Kapoor

Bank

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

5 years ago

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

Equity

Govt nod to reconstruction scheme for Yes Bank; moratorium to be lifted in 3 days after notification of revival plan

5 years ago

Govt nod to reconstruction scheme for Yes Bank; moratorium to be lifted in 3 days after notification of revival plan

Bank

SBI board okays share purchase in Yes Bank for Rs 7,250 crore

5 years ago

SBI board okays share purchase in Yes Bank for Rs 7,250 crore

Board

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

5 years ago

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

Bank

The public unravelling of Yes Bank

5 years, 1 month ago

The public unravelling of Yes Bank

Bank

Yes Bank crisis explained

5 years, 1 month ago

Yes Bank crisis explained

Yes Bank

The cost of a yes to a bank rescue act

5 years, 1 month ago

The cost of a yes to a bank rescue act

Bank

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

5 years, 1 month ago

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

Bank

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

5 years, 1 month ago

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

India

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

5 years, 1 month ago

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

India

CBI continues searches in Yes Bank case

5 years, 1 month ago

CBI continues searches in Yes Bank case

Kapoor

CBI books Yes Bank founder Rana Kapoor's family, conducts searches; ED quizzes Bank CEO

5 years, 1 month ago

CBI books Yes Bank founder Rana Kapoor's family, conducts searches; ED quizzes Bank CEO

Mumbai

Congress questions PM’s decision to attend a Yes Bank-sponsored business summit after crisis emerged

5 years, 1 month ago

Congress questions PM’s decision to attend a Yes Bank-sponsored business summit after crisis emerged

Congress

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Union govt, NDMA can ask banks to waive loans of Wayanad landslide victims: Kerala HC

KOCHI: The Kerala High Court on Thursday said that while the RBI cannot ask banks to waive the loans of Wayanad landslide victims, the Union government and the National Disaster …

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RBI never wastes a good crisis, says deputy governor Swaminathan J

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RBI never wastes a good crisis, says deputy governor Swaminathan J

Mumbai: The Reserve Bank of India will deal appropriately with those accountable if it finds there were lapses leading to what it calls “episodes” in the financial services sector, deputy …

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IndusInd Bank crisis an 'episode', not a 'failure', banking system secure: RBI Governor

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IndusInd Bank crisis an 'episode', not a 'failure', banking system secure: RBI Governor

MUMBAI: Reserve Bank governor Sanjay Malhotra has said the banking system remains “safe and secure” and described the accounting lapses at IndusInd Bank and the restrictions on New India Cooperative …

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Indian banks recovered over Rs 14k cr, twice he owed, claims Vijay Mallya

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Indian banks recovered over Rs 14k cr, twice he owed, claims Vijay Mallya

New Delhi: Fugitive liquor baron Vijay Mallya has claimed that Indian banks have got access to his properties worth Rs 14,131.6 crore, more than twice the amount that he owed …

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Indian banks recovered over ₹14k cr, twice he owed, claims Vijay Mallya

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Boost financial regulators’ autonomy: IMF-World Bank

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Boost financial regulators’ autonomy: IMF-World Bank

The power and independence of financial regulators needs to be strengthened with legislative and institutional changes, a global report based on a recent assessment of the Indian financial system said. …

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IBC Monthly Digest: March 2025

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IBC Monthly Digest: March 2025

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IndusInd Bank Crisis Exposes Risks of India’s Private Banking Model

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IndusInd Bank Crisis Exposes Risks of India’s Private Banking Model

Published : Apr 05, 2025 00:23 IST - 6 MINS READ Advocates of neoliberal financial policies still argue that the post-1991 licensing of the so-called new generation private banks was …

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Yes Bank lays off senior employees, restructures portfolios

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Yes Bank lays off senior employees, restructures portfolios

Private sector lender Yes Bank has laid off four senior officials and revamped teams across retail, corporate and commercial banking businesses as part of its restructuring exercise, according to three …

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Yes Bank share price slides after Q4 business update. Do you own?

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Yes Bank share price slides after Q4 business update. Do you own?

Yes Bank share price slipped over 4% in trade on Friday, April 4, following the March quarter business update for the recently concluded financial year 2024-25. Yes Bank Q4 Business …

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New India Co-operative Bank case: Police gets a nod to attach 21 properties worth ₹168 crore

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The Economic Offences Wing of the Mumbai police on Thursday said that the Chief Judicial Magistrate Court in Mumbai has given nod to the police to attach 21 properties worth …

Mumbai Properties Crore Eow

Digital Banking Exclusion: How India’s Poor and Marginalised Struggle to Access Their Own Money

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Lok Sabha clears amended banking legislation following changes by upper house

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New Delhi: The Lok Sabha on Wednesday cleared the Banking Laws Bill, 2024, which aims to strengthen governance standards in the sector and ensure better protection for depositors and investors. …

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Supreme Court upholds Piramal’s resolution plan for DHFL, grants it proceeds of funds recovered

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The Supreme Court on Tuesday ruled that funds recovered from the fraudulent transactions at Dewan Housing Finance Corporation Ltd will go to Piramal Capital & Housing Finance Ltd, the successful …

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Supreme Court Asks Mahua Moitra To Approach SEBI With Demand For Public Disclosure Of Alternative Investment Funds & Foreign Portfolio Investors

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The Supreme Court today disposed of a writ petition filed by Mahua Moitra, Member of Parliament, seeking directions to the Securities and Exchange Board of India to mandate public disclosure …

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Fund misappropriation in most states: Govt data

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Fund misappropriation in most states: Govt data

New Delhi The Centre has halted funds under the Mahatma Gandhi National Rural Employment Guarantee Act for West Bengal since March 2022, citing “financial misappropriation”, even as data obtained from …

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Why you must protect your bank deposits and how to go about it

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We look at banks as safekeepers of our money, which they are. However, on paper, your money is safe up to ₹5 lakh per bank, which is known as deposit …

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Yes Bank Hit With Rs 2,209 Crore Tax Demand, Calls The Notice 'Without Any Basis'

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Yes Bank Hit With Rs 2,209 Crore Tax Demand, Calls The Notice 'Without Any Basis'

Yes Bank received a tax demand of Rs 2,209 crore for the assessment year 2019–20, even though the reassessment grounds have been set aside. However, Yes Bank, in its regulatory …

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Audit finds Rs 112.81 crore MGNREGA funds misappropriated for over 10 years in Tamil Nadu

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New India bank fraud: Police custody for 2 accused till April 1

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MUMBAI: An additional chief judicial magistrate court on Friday extended the police remand of two persons arrested in connection with the alleged embezzlement of ₹122 crore from the cash reserves …

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Rahul Gandhi meets bank employees worried about retrenchment and privatisation

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Rahul Gandhi meets bank employees worried about retrenchment and privatisation

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RBI issues revised priority sector lending norms effective April 1

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RBI says IndusInd Bank stable

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New India Co-operative Bank fraud case: Mumbai Economic Offences Wing arrests two more accused persons

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