Yes Bank customers can pay credit bill, loan repayments through other bank accounts
4 years, 9 months ago

Yes Bank customers can pay credit bill, loan repayments through other bank accounts

India TV News  

Crisis-hit Yes Bank said on Tuesday that customers could now make payments towards their credit card and loans through other bank accounts, days after prominent banking services were curtailed after the RBI imposed a moratorium on the lender. "You can make payments towards YES Bank credit card dues and loan obligations from other bank accounts. As per the RBI's draft reconstruction scheme, State Bank of India will pick up a 49 percent stake in the crisis-ridden Yes Bank under a government-approved bailout plan by infusing capital of Rs 2,450 crore. Yes Bank's administrator, Prashant Kumar, a former SBI executive, had on Friday assured customers that the moratorium period could end by this weekend.

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History of this topic

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 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 …

About 20% SBI borrowers avail loan repayment moratorium; banks can go for debt recast: Chairman Rajnish Kumar
4 years, 7 months ago

About 20% SBI borrowers avail loan repayment moratorium; banks can go for debt recast: Chairman Rajnish Kumar

Firstpost  

The SBI chairman advised borrowers to pay their loans if they are not facing any funding challenge. Mumbai: State Bank of India chairman Rajnish Kumar on Friday said close to 20 percent of the bank’s borrowers have availed moratorium on repayment of term loans instalments. On 27 March, the central bank had announced a three-month moratorium on payment of all …

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 …

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 …

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 …

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, 9 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, 9 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, 9 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 …

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 …

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 …

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 …

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 …

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

The Hindu  

Panicked Yes Bank customers were seen queuing up at the bank’s ATMs at various locations, but to no avail as as most cash-dispensing machines ran dry, after the Reserve Bank placed the crisis-hit lender under a moratorium. “Internet banking is not working, even the credit card has stopped working; however, I withdrew my amount through cheque,” said Lalit Kumar, a …

Yes Bank crisis: Not impressed with mere words, say account holders as SBI promises help
4 years, 10 months ago

Yes Bank crisis: Not impressed with mere words, say account holders as SBI promises help

India Today  

Sandeep Sule, a resident of Mumbai's Lalbagh area, had been running his medical shop "quite smoothly" until the overnight news of the Reserve Bank of India imposing a one-month moratorium on Yes Bank shocked him. On Thursday, the RBI imposed a one month moratorium on capital-starved Yes Bank and capped the monthly withdrawal limit for depositors to Rs 50,000 per …

Security tightened at Yes Bank branches
4 years, 10 months ago

Security tightened at Yes Bank branches

The Hindu  

Security at Yes Bank headquarters, its branches, and ATM booths across Mumbai was tightened to avert any untoward incident, as hundreds of account holders of the crisis-hit private lender rushed to withdraw money, an official said on Friday. The RBI on Thursday imposed a moratorium on the capital-starved Yes Bank, capping withdrawals at ₹50,000 per account till April 3. At …

Yes Bank customers hit by cap on withdrawals
4 years, 10 months ago

Yes Bank customers hit by cap on withdrawals

The Hindu  

Businesspersons who have an account in crisis-ridden private Yes Bank rue their fate as they are unable to carry out regular financial transactions in the wake of the Reserve Bank of India placing it under moratorium from March 5. “We opened accounts in the new-age private bank as the services offered by the staff are far better than other banks,” …

Banking on bailouts: The Hindu Editorial on Yes Bank crisis
4 years, 10 months ago

Banking on bailouts: The Hindu Editorial on Yes Bank crisis

The Hindu  

Just one day after it placed the financially troubled Yes Bank under a moratorium, the Reserve Bank of India announced a draft ‘Scheme of Reconstruction’ that entails the State Bank of India investing capital to acquire a 49% stake in the restructured private lender. The alacrity with which the bailout has been proposed is commendable, given that Yes Bank’s stock …

Crisis at Yes Bank highlights governance risk in India's banking sector; RBI's decision may backfire: Fitch
4 years, 10 months ago

Crisis at Yes Bank highlights governance risk in India's banking sector; RBI's decision may backfire: Fitch

India TV News  

The RBI superseding the board of Yes Bank casts light on governance risks in India's banking sector, Fitch Ratings said on Friday. "The Reserve Bank of India takeover of Yes Bank casts light on governance risks in India's banking sector," Fitch Ratings, which has a negative outlook on India's banking sector, said in a statement. "This could overshadow the central …

Yes Bank Crisis: You can withdraw more than Rs 50 thousand, but these are the conditions
4 years, 10 months ago

Yes Bank Crisis: You can withdraw more than Rs 50 thousand, but these are the conditions

India TV News  

Yes Bank Crisis: Yes Bank on Friday evening sought to calm everyone down by issuing a statement and said that the moratorium imposed by Reserve Bank of India was "temporary" and all efforts are being made to revive the bank. I wish to reassure you that your deposits are safe with the Bank," said Prashant Kumar, who has been appointed …

Yes Bank lent to 'stressed' corporates like Anil Ambani Group, Vodafone: Nirmala Sitharaman
4 years, 10 months ago

Yes Bank lent to 'stressed' corporates like Anil Ambani Group, Vodafone: Nirmala Sitharaman

India TV News  

Finance Minister Nirmala Sitharaman on Friday evening, said that Yes Bank had lent to "very stressed" corporates like Anil Ambani Group, Vodafone, Essel, DHFL, ILFS among others. During her interaction with the media, Nirmala Sitharaman said that Yes Bank had exposure to stressed corporate groups. "Solution being worked on to revive Yes Bank well before the moratorium period," Bank administrator …

Paytm restricts credit into Yes Bank accounts
4 years, 10 months ago

Paytm restricts credit into Yes Bank accounts

India TV News  

Paytm Payments Bank Ltd announced on Friday that it is restricting transaction settlements, including UPI, into Yes Bank accounts to "safeguard users’ money". Paytm said in its press release that the step has been taken in order to ensure that Paytm users' money does not get stuck in Yes Bank accounts. We have stopped all transactions to YES bank accounts …

Want to assure every depositor's money is safe: Sitharaman on Yes Bank crisis
4 years, 10 months ago

Want to assure every depositor's money is safe: Sitharaman on Yes Bank crisis

India TV News  

Finance Minister Nirmala Sitharaman on Yes Bank crisis Friday said that the RBI Governor has assured her there will be no loss to any Yes Bank depositor, a day after the central bank imposed a moratorium on the banking institution. Further speaking on the crisis, Sitharaman said, "Both RBI and the government is looking at Yes Bank issue in detail, …

Yes Bank Stock Crashes Over 70% After RBI Takes Charge; Rahul Gandhi Attacks PM Modi Over Crisis
4 years, 10 months ago

Yes Bank Stock Crashes Over 70% After RBI Takes Charge; Rahul Gandhi Attacks PM Modi Over Crisis

ABP News  

Modi and his ideas have destroyed India’s economy. #NoBank — Rahul Gandhi March 6, 2020 While Moody's expects Indian authorities will take steps to prevent the weakness in the bank's viability from significantly impacting its depositors and senior creditors, the lack of a coordinated and timely action highlights continued uncertainty around bank resolutions in India. : Shares of Yes Bank …

Thirty days is outer limit for Yes Bank resolution, says Shaktikanta Das
4 years, 10 months ago

Thirty days is outer limit for Yes Bank resolution, says Shaktikanta Das

The Hindu  

The resolution of troubled lender Yes Bank, which was put under moratorium on Thursday, will be completed well within time, Reserve Bank of India Governor Shaktikanta Das indicated on Friday. You will see very swift action from the RBI,” Mr. Das said on the sidelines of an event organised by industry body Assocham. He said the decision on Yes Bank …

YES Bank Crisis: After PMC Bank, It's YES Bank Now, Which Is Next? Asks Chidambaram
4 years, 10 months ago

YES Bank Crisis: After PMC Bank, It's YES Bank Now, Which Is Next? Asks Chidambaram

ABP News  

New Delhi: Former Finance Minister and Congress leader P Chidambaram flayed the government for its inability to govern and regulate financial institutions. His statement came after Yes Bank was placed under a moratorium, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board. Let's see what unfolds now,”he told reporters at the …

Yes Bank resolution will be done very swiftly; 30 days is outer limit: RBI Governor
4 years, 10 months ago

Yes Bank resolution will be done very swiftly; 30 days is outer limit: RBI Governor

India TV News  

RBI Governor Shaktikanta Das on Friday said that the Yes Bank resolution will be done very swiftly and will soon come out with a scheme to revive the capital-starved Bank within the outer limit of 30 days. He also said that the decision of imposing a moratorium on Yes Bank was taken at a "larger level" and not at the …

Moratorium on Yes Bank credit negative: Moody's
4 years, 10 months ago

Moratorium on Yes Bank credit negative: Moody's

India TV News  

The Reserve Bank on India's moratorium and withdrawal cap on Yes Bank is credit negative, and the lack of coordinated action highlights continued uncertainty around bank resolutions, Moody's Investors Service said on Friday. The central bank 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 …

Moratorium on Yes Bank credit negative: Moody’s
4 years, 10 months ago

Moratorium on Yes Bank credit negative: Moody’s

The Hindu  

The Reserve Bank on India’s moratorium and withdrawal cap on Yes Bank is credit negative, and the lack of coordinated action action highlights continued uncertainty around bank resolutions, Moody’s Investors Service said on Friday. While Moody’s expects Indian authorities will take steps to prevent the weakness in the bank’s viability from significantly impacting its depositors and senior creditors, the lack …

Yes Bank crisis: From what happens to my money to will SBI be saviour, all that has happened
4 years, 10 months ago

Yes Bank crisis: From what happens to my money to will SBI be saviour, all that has happened

India Today  

This weekend will be one of unease for Yes Bank customers after the Reserve Bank of India capped withdrawals from most accounts at Rs 50,000 for the next month. The government sent out a message of assurance with Finance Minister Nirmala Sitharaman saying that the immediate priority was to ensure that Yes Bank customers are able to withdraw money within …

After PMC, Yes Bank is there a third bank in line? Chidambaram questions FM Nirmala Sitharaman
4 years, 10 months ago

After PMC, Yes Bank is there a third bank in line? Chidambaram questions FM Nirmala Sitharaman

India Today  

Former Finance Minister P Chidambaram on Friday took a sharp dig at Finance Minister Nirmala Sitharaman over the YES Bank crisis and accused her ministry of being unable to govern and regulate financial institutions. "When overall bank credit during the above period grew by about 10 per cent, how did YES BANK's loan book grow by about 35 per cent?" …

Yes Bank crisis: Thursday withdrawal shock to Friday SBI revival hope, here are the top developments
4 years, 10 months ago

Yes Bank crisis: Thursday withdrawal shock to Friday SBI revival hope, here are the top developments

India Today  

A late night notification from the Reserve Bank of Indi sent panicked customers of Yes Bank rushing out to ATMs in the hopes of withdrawing whatever money they could from their accounts. In effect, what happened last night was that the RBI imposed a limit of Rs 50,000 on withdrawals per Yes Bank account. WILL TAKE SWIFT ACTION: RBI GUV …

Yes Bank crisis: Rahul Gandhi attacks Modi, says PM and his ideas have destroyed economy
4 years, 10 months ago

Yes Bank crisis: Rahul Gandhi attacks Modi, says PM and his ideas have destroyed economy

India Today  

In wake of the Yes Bank crisis after the Reserve Bank of India placed restrictions following which its shares fell sharply, Congress leader Rahul Gandhi slammed the Narendra Modi government for destroying the economy. #NoBank Rahul Gandhi March 6, 2020 Rahul gandhi's tweet hitting out at the Centre came a day after the RBI placed capital-starved Yes Bank under a …

Yes Bank resolution to be done very swiftly; 30 days outer limit: RBI governor
4 years, 10 months ago

Yes Bank resolution to be done very swiftly; 30 days outer limit: RBI governor

India Today  

Defending the timing of Yes Bank's moratorium, Reserve Bank of India governor Shaktikanta Das on Friday assured swift resolution to the issues concerning the beleaguered lender. Follow live updates on Yes Bank crisis here The decision on Yes Bank was taken at a larger level, not only to deal with the problem in an individual entity, but also to maintain …

Yes Bank's digital partners hit by moratorium
4 years, 10 months ago

Yes Bank's digital partners hit by moratorium

India Today  

After Yes Bank was placed under moratorium, digital payments were impacted as PhonePe, which depends on the cash-strapped lender for its transactions, could not operate. PhonePe, one of the country's largest digital payment platforms, is dependent on Yes Bank to process its transactions. Yes Bank placed under a moratorium Thursday evening, with the RBI capping deposit withdrawals at Rs 50,000 …

Yes Bank crisis: Modi govt's inability to regulate banks stands exposed, says P Chidambaram
4 years, 10 months ago

Yes Bank crisis: Modi govt's inability to regulate banks stands exposed, says P Chidambaram

India Today  

Senior Congress leader and former Finance Minister P Chidambaram today said the Narendra Modi-led NDA government's ability to govern and regulate financial institutions stands exposed in wake of the Yes Bank crisis which comes just months after the fraud at PMC Bank. His tweet came a day after the Reserve Bank of India placed capital-starved Yes Bank under a moratorium …

Yes Bank crisis: How account holders, other stakeholders will be affected
4 years, 10 months ago

Yes Bank crisis: How account holders, other stakeholders will be affected

India Today  

The Yes Bank crisis has sent a panic wave across domestic markets and households where individuals have accounts with the bank. While Yes Bank shares bounced back on the stock market reacting to the development, the restrictions and a month-long moratorium signal trouble for the bank's existing customers, corporate clients, employees, and other stakeholders. Follow Yes Bank crisis Live Updates …

Yes Bank crisis: I have no clue, says founder Rana Kapoor
4 years, 10 months ago

Yes Bank crisis: I have no clue, says founder Rana Kapoor

India Today  

Yes Bank founder and former MD Rana Kapoor has said that he has no clue about developments which forced Reserve Bank of India to impose a moratorium on the private lender. Once a driving force behind Yes Bank, Rana Kapoor sold his last remaining stake in the private sector lender in November 2019. Rana Kapoor was instrumental in taking Yes …

Yes Bank crisis: Amit Malviya hits back at Rahul Gandhi, says Chidambaram responsible for mess
4 years, 10 months ago

Yes Bank crisis: Amit Malviya hits back at Rahul Gandhi, says Chidambaram responsible for mess

India Today  

Moments after former Congress president Rahul Gandhi attacked the Narendra Modi government and held it responsible for "destroying Indian economy" by citing the latest Yes Bank crisis, BJP leader and the party's national IT in-charge Amit Maviya said it is the Congress that is responsible for this current crisis. #NoBank Rahul Gandhi March 6, 2020 Hitting back at Rahul Gandhi, …

No Yes Bank, says Rahul Gandhi, accuses govt of destroying economy
4 years, 10 months ago

No Yes Bank, says Rahul Gandhi, accuses govt of destroying economy

India Today  

The Congress on Friday slammed the central government over the moratorium placed on Yes Bank, saying the difference between a "doctor" and a "quack" can be seen in Manmohan Singh's financial management in the UPA era and the economic "collapse" under Prime Minister Narendra Modi's watch. "No Yes Bank," Congress leader Rahul Gandhi said, taking a dig at the BJP-led …

Yes Bank put under moratorium till April 3
4 years, 10 months ago

Yes Bank put under moratorium till April 3

The Hindu  

The government has put private sector lender Yes Bank under moratorium till April 3 and capped the deposit withdrawal at ₹50,000 after severe deterioration of the bank’s financial position. Following the moratorium, the Reserve Bank of India superseded the board of the bank and appointed Prashant Kumar, the deputy managing director and chief financial officer of State Bank of India, …

Yes Bank put under moratorium till April 3
4 years, 10 months ago

Yes Bank put under moratorium till April 3

The Hindu  

The government has 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. While assuring depositors of the bank that there is no need to panic, RBI said it will explore and draw up a scheme in the next few days for the bank’s reconstruction …

SBI chairman Rajnish Kumar says Yes Bank ‘will not be allowed to fail’
4 years, 11 months ago

SBI chairman Rajnish Kumar says Yes Bank ‘will not be allowed to fail’

Live Mint  

The head of India’s biggest lender said he’s certain “some solutions will emerge” to steady Yes Bank Ltd., which has been on a prolonged quest to raise new capital. “Yes Bank is a significant player in the market with an almost $40 billion balance sheet,” State Bank of India Chairman Rajnish Kumar told Bloomberg Television in Davos. However, last month …

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