The bank, however, could not hide its bad debt under the carpet for long as RBI auditors forced all banks to disclose their bad debts
I wonder even in the case of nationalised banks whether a 100 per cent repayment of deposits is guaranteed
Customers have the right to know their banks as much as the banks do their customers
Jet Airways' loan exposure to the crisis-ridden Yes Bank is about Rs 550 crore.
Agency concerned investigation may hit asset valuation, monetisation
The former banker was arrested on March 8 by the ED under the provisions of Prevention of Money Laundering Act (PMLA) and was since in the probe agency's custody
The agency has also sent a second summons to Essel Group chairman and Rajya Sabha MP Subhash Chandra to appear before it on March 21
Ambani had been called by the ED in connection with an ongoing money laundering case against YES Bank co-founder Rana Kapoor
Investors include armed force veterans, govt employees, IT sector staff
The agency is expected to record the statement of the 60-year-old Ambani under the Prevention of Money Laundering Act (PMLA).
Administrator Prashant Kumar said the bank had made adequate preparations for any surge in withdrawal of deposits
Three-fourth of this holding has been locked-in for three years as part of the restructuring plan for the bank
The government notified the YES Bank reconstruction scheme last week
The YES Bank debacle together with serial abscondings (Lalit Modi, Vijay Mallya, Nirav Modi) and spectacular business busts (IL&FS, DHFL, Jet Airways) has helped Indian business reputation hit a low
On March 5, the RBI had imposed a moratorium on YES Bank, restricting withdrawals to Rs 50,000 per depositor till April 3 in view of its poor financial health due to bad loans
Zee on Tuesday said it had no borrowings from YES Bank at all
Kapoor is already facing an ED criminal case for receiving alleged kickbacks, through companies purportedly controlled by his family, for going slow on bad loans extended by his bank
Rs 10K-cr infusion, lock-in and hurried short-covering led to 2.3x surge in the stock
In a circular sent to all its members, the BSE said the BSE S&P Index Committee has decided to remove YES Bank from all the S&P BSE indices with effect from this Friday, March 20
From AGR dues to dull growth for Indian IT companies, Business standard brings to you the top headlines of the day