Your money is safe: Amid Yes Bank crisis, Nirmala Sitharaman assures depositors
4 years, 10 months ago

Your money is safe: Amid Yes Bank crisis, Nirmala Sitharaman assures depositors

India Today  

Finance Minister Nirmala Sitharaman has assured the depositors of Yes Bank they have nothing to worry about and that their money is safe. No need to worry," Union Finance Minister Nirmala Sitharaman said in her first reaction to the Yes Bank crisis. Both RBI and the government are looking at the Yes Bank issue in detailwe have taken a course which will be in everyone's interest," Nirmala Sitharaman added. Yes Bank crisis Live Updates | As shares fall over 70%, finance ministry officials huddle on future roadmap ALSO WATCH | Yes Bank placed under moratorium: Panicked depositors line up outside ATMs

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History of this topic

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 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 …

Yes Bank share price drops 7%. What investors should do?
1 year, 9 months ago

Yes Bank share price drops 7%. What investors should do?

Live Mint  

Yes Bank shares: Due to end of three year lock-in of ICICI Bank, HDFC Bank, IDFC First Bank, Axis Bank, Kotak Mahindra Bank, Federal Bank, etc. in Monday morning deals, Yes Bank shares opened downside and hit intraday low of ₹14.40 apiece levels, around 12.50 per cent lower from its Friday close of ₹16.50 apiece on NSE. They said that …

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 Shares Fall Over 26% From 52-Week High; Should you Buy, Hold or Sell?
2 years ago

Yes Bank Shares Fall Over 26% From 52-Week High; Should you Buy, Hold or Sell?

News 18  

Yes Bank Share Price: Private sector Yes Bank reached a record high of one year about 10 days ago. In last ten days, Yes Bank shares have fallen to the tune of Rs 18.20 per share on NSE, logging more than 26 per cent dip after climbing to its 52-week peak. further direction.” Highlighting the reasons that led to the …

YES Bank Shares Skyrocket 27% in 3-Days; More Steam Left After the Staggering Rally?
2 years ago

YES Bank Shares Skyrocket 27% in 3-Days; More Steam Left After the Staggering Rally?

News 18  

YES Bank Share Price Today: Private lender Yes Bank’s shares have been rallying for last three trading sessions. If Yes Bank manages to give strong numbers in Q3FY23 results, then valuations of the Yes Bank shares may become attractive and hence, private lenders who bought stake in Yes Bank may continue to hold the stock. If the private lender manages …

YES Bank Rallies Over 7%, Takes 2-day Rise to 20%; Should you Buy, Sell or Hold?
2 years ago

YES Bank Rallies Over 7%, Takes 2-day Rise to 20%; Should you Buy, Sell or Hold?

News 18  

YES Bank Share Price: Shares of private lender YES Bank soared soared 7 per cent in Monday’s trade, taking its recent rise to the third straight day, hitting a two-year high at Rs 21.20, while surging 19.7 per cent over two sessions of trade. 2 each and share warrants of Yes Bank Limited,” adding, “Further to the Reserve Bank of …

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 …

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 …

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 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 …

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 …

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 …

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 …

Yes Bank to be excluded from Nifty 50, Nifty bank from Mar 19
4 years, 9 months ago

Yes Bank to be excluded from Nifty 50, Nifty bank from Mar 19

Deccan Chronicle  

New Delhi: Troubled private lender Yes Bank will be dropped from benchmark index Nifty 50, banking index Nifty bank and other Nifty indices from March 19, NSE Indices said on Monday. However, in light of the recent developments relating to Yes Bank and its reconstruction scheme, NSE Indices' Index Maintenance Sub-Committee has decided to accelerate the removal of Yes Bank …

NSE expedites removal of Yes Bank from Nifty
4 years, 9 months ago

NSE expedites removal of Yes Bank from Nifty

The Hindu  

The National Stock Exchange has preponed the exclusion of Yes Bank stock from the benchmark Nifty index along with a few other sectoral and broader indices. While the private sector lender, which is in the midst of a reconstruction scheme, was scheduled to be excluded from the induces with effect from March 27, the Exchange has decided to now exclude …

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 …

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 board okays share purchase in Yes Bank for Rs 7,250 crore
4 years, 9 months ago

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

India TV News  

The State Bank of India on Thursday said that its Executive Committee of Central Board has approved the purchase of 725 crore shares in Yes Bank at Rs 10 per share, which adds up to an investment of Rs 7,250 crore. "Executive Committee of Central Board at its meeting held on 11.03.2020 accorded approval for purchase of 725 crore shares …

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 …

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 …

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 …

We expect moratorium to be lifted by weekend: Yes Bank administrator
4 years, 10 months ago

We expect moratorium to be lifted by weekend: Yes Bank administrator

The Hindu  

Prashant Kumar, the RBI-appointed administrator of Yes Bank, says the bank will emerge stronger post moratorium. For a small bank, it is good have more focus on the retail loan side but here, the focus was on corporate side. When SBI is investing equity, and they say they are behind Yes Bank, then I think the fear among depositors should …

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 …

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 …

morning digest march 09, 2020
4 years, 10 months ago

morning digest march 09, 2020

The Hindu  

In the wake of the moratorium on private sector lender Yes Bank, the RBI clarified on Sunday that deposits of customers were safe. Hitting back at the BJP for suggesting ‘deep links’ between the Gandhi family and the arrested promoter of Yes Bank, Rana Kapoor, the Congress on Sunday termed the charges an attempt at “diverting attention from the bank …

CBI books Yes Bank founder Rana Kapoor's family, conducts searches; ED quizzes Bank CEO
4 years, 10 months ago

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

India Today  

The CBI has booked Yes Bank founder Rana Kapoor's wife and three daughters over allegations he received kickbacks through scam-hit DHFL's Rs 600 crore loan to a family-owned company and searched seven locations including their homes in Mumbai, the agency said on Monday. DoIt Urban Ventures controlled by the Kapoor family, RAB Enterprises Private Limited in which Bindu Rana Kapoor …

Coronavirus fear grips markets as sensex plunges over 1,600 points
4 years, 10 months ago

Coronavirus fear grips markets as sensex plunges over 1,600 points

India Today  

Indian equity indices on Monday opened in deep negative territory as investor sentiment remained subdued over recent developments related to Yes Bank, the spread of coronavirus across the globe and crashing crude oil prices. It may be noted that oil companies suffered on the stock market after global crude prices plunged close to 30 per cent, which is the worst …

Data | The Yes Bank crisis explained in six charts
4 years, 10 months ago

Data | The Yes Bank crisis explained in six charts

The Hindu  

The government had recently put private sector lender Yes Bank under moratorium till April 3 and capped deposit withdrawal at ₹50,000 after severe deterioration of the bank’s financial position. Percentage change of total advances image/svg+xml Bank FY14 to FY19 Yes Bank 334 HDFC 170 ICICI 73 Axis 115 Kotak 288 SBI 81 Bad loans multiply Many borrowers started defaulting. Gross …

Yes Bank crisis | Indian banks well capitalised, no reason to worry: Chief Economic Adviser
4 years, 10 months ago

Yes Bank crisis | Indian banks well capitalised, no reason to worry: Chief Economic Adviser

The Hindu  

In the wake of the moratorium on private sector lender Yes Bank, the RBI clarified on Sunday that deposits of customers were safe. “The RBI closely monitors all the banks and hereby assures all depositors that there is no such concern of safety of their deposits in any bank,” it said. Allaying concerns over the banking sector health, Chief Economic …

Yes Bank founder Rana Kapoor, accused of money laundering, arrested
4 years, 10 months ago

Yes Bank founder Rana Kapoor, accused of money laundering, arrested

India TV News  

The Enforcement Directorate arrested Yes Bank founder Rana Kapoor under money laundering charges in the wee hours of Sunday. The ED action came after the Reserve Bank of India on Thursday imposed a moratorium on the capital-starved Yes Bank, capping withdrawals at Rs 50,000 per account, and superseded the board of the private sector lender with immediate effect. As per …

Yes Bank: CBI, ED book founder Rana Kapoor; daughter stopped from leaving country | All that has happened
4 years, 10 months ago

Yes Bank: CBI, ED book founder Rana Kapoor; daughter stopped from leaving country | All that has happened

India Today  

After he was questioned for over 15 hours by the Enforcement Directorate at the agency’s Ballard Estate office in Mumbai, Yes Bank founder Rana Kapoor was arrested on Sunday. CBI files FIR, ED registers ECIR against Rana Kapoor Hours after the Central Bureau of Investigation filed an FIR against Yes Bank founder Rana Kapoor, the ED also registered an Enforcement …

Explained: Why did Yes Bank have to be bailed out?
4 years, 10 months ago

Explained: Why did Yes Bank have to be bailed out?

The Hindu  

The story so far: On the advice of the Reserve Bank of India, the government imposed a moratorium on Yes Bank with effect from 6 p.m. on March 5 up to April 3. Subsequently, the RBI superseded the private sector lender’s board and appointed as an administrator, Prashant Kumar, who was serving as chief financial officer and deputy managing director …

Yes Bank crisis: BJP govt duped savings of 18 lakh Hindus, says AAP
4 years, 10 months ago

Yes Bank crisis: BJP govt duped savings of 18 lakh Hindus, says AAP

India TV News  

Delhi's ruling Aam Aadmi Party on Saturday attacked the Centre for bringing YES Bank to the brink of bankruptcy, saying the self-proclaimed pro-Hindu BJP government duped savings of 18 lakh Hindus. Aam Aadmi Party MLA Raghav Chadha said YES Bank's loans grew manifold during the BJP government and is now on the cusp of bankruptcy. He said the BJP claims …

Yes Bank customers scramble for cash withdrawal at branches, most ATMs run dry
4 years, 10 months ago

Yes Bank customers scramble for cash withdrawal at branches, most ATMs run dry

Hindustan Times  

Panicked Yes Bank customers were seen queuing up at the bank’s ATMs at various locations, but to no avail as most cash-dispensing machines ran dry, after the Reserve Bank placed the crisis-hit lender under a moratorium. Panicked Yes Bank customers were seen queuing up at the bank’s ATMs at various locations However, many a customers said they were able to …

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. …

ED continues questioning of Yes Bank founder Rana Kapoor in connection with money laundering case
4 years, 10 months ago

ED continues questioning of Yes Bank founder Rana Kapoor in connection with money laundering case

Firstpost  

The Enforcement Directorate on Saturday continued questioning Yes Bank founder Rana Kapoor in connection with a money laundering probe against him and others, officials said Mumbai: The Enforcement Directorate on Saturday continued questioning Yes Bank founder Rana Kapoor in connection with a money laundering probe against him and others, officials said. The central agency is also probing Kapoor’s role in …

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