Soon after the RBI announced the moratorium, global bank JP Morgan pegged YES Bank shares at Rs 1 a share.
RBI's draft reconstruction scheme for YES Bank suggested a permanent write-down of these bonds outstanding as of March 5.
12 shell firms, 2 UK assets, 44 paintings under ED scanner; London-bound daughter stopped at Mumbai Airport; CBI books Kapoor and Wadhawan on charges of cheating
There's need for an insolvency framework for financial sector
Congress alleged the loans given by YES Bank rose 100 per cent in just two years after demonetisation from Rs 98,210 crore in March 2016 to Rs 2,03,534 crore in March 2018
From the impact of coronavirus on Vivad se Vishwas to reforms in the pension market, here are the top 10 business headlines of the day
Weak compliance, poor governance and greed led to the bank's failure as it lent to borrowers who did not have the ability to repay
Grey market premiums have dropped to 10% after last week's market fall.
Things could have been "nipped in the bud" by the RBI if it drew lessons from the bitter past episodes of banks 'covering up' their solvency
The sources refused to elaborate on the nature of the probe -- preliminary enquiry or an FIR -- or people arraigned, but affirmed that a formal investigation has begun
The investments in AT-1 bonds of Yes Bank were made in 2017, as part of its treasury management of over Rs 20,000 crore of cash and when the bank was worth over USD 10 billion in value, it said
The ED arrested Kapoor, 62, early Sunday morning in connection with a money-laundering probe
The source said the searches are being carried out at the residential premises of all three daughters -- Rakhee Kapoor Tandon, Roshni Kapoor and Radha Kapoor
Sources said the agency might also register a separate case against Rana Kapoor, depending on the outcome of the search operation.
The ED had searched Rana's residence in the upscale 'Samudra Mahal' complex in the Worli area on Friday night and had grilled him there too
Confirming the development, an ED official said searches would continue over the weekend and Kapoor might have to face questioning by sleuths
They said the raid is being carried out at his Samudra Mahal residence in the western metropolis
The central bank's takeover of Yes Bank appears intended to restore depositor confidence
Some of the country's biggest and most-storied businessmen saw their fortunes fade in 2019.
10 promoters entered the billionaire list in 2019; Anil Ambani, Subhash Chandra among big names who left the club