Page 611 - Finance News

YES Bank fallout: CBI books Rana Kapoor's wife and three daughters

Yes Bank has been put under a moratorium by the RBI till April 3, during which customers are not allowed to withdraw more than Rs 50,000.

YES Bank fallout: Troubled borrowers may soon face a serious credit crunch

A substantial portion of YES Bank's corporate loans are "bilateral transactions", and fall outside the pale of consortium lending.

Housing finance has key role in making India $5 trn economy: Keki Mistry

For the housing sector, the authorities are aware of the strong linkages it has with the economy.

Yes Bank customers 'sensed trouble', withdrew Rs 18,110 cr in 2018

The difference in deposits between March 2019 to September 2019, reflects withdrawals to the tune of Rs 18,110 crore

Congress asks Modi to explain 'sinking banks', not divert attention

"Prime Minister, you need to tell the nation what is the BJP's connection to the Yes Bank and its owner," Randeep Surjewala asked.

ED investigating big loans issued by Yes Bank, Kapoor's foreign assets

A dozen alleged shell firms, Kapoor family investments of Rs 2,000 crore and over Rs 4,500 crore worth of transactions are under the scanner of the agency at present.

Meet Prashant Kumar, SBI veteran asked to steer Yes Bank in rough seas

Kumar's mettle was tested in field while leading Kolkata circle as chief General Manager and as general manager in erstwhile Maharashtra and Goa circle.

Hopeful of moratorium being lifted this week: Yes Bank administrator

The bank, which had over Rs 2.09 lakh crore in deposits, was put under moratorium last Thursday due to an inability to raise capital. Its board was superseded and Kumar was placed as the administrator

Yes Bank may resume normal operations by Friday, says Prashant Kumar

RBI on Thursday took control of Yes Bank, after the lender - which is laden with bad debts - failed to raise the capital it needs to stay above mandated regulatory requirements.

Yes Bank crisis: Working to restore all services soon, says Kumar

Before the RBI action, YES Bank had deferred announcement of its earnings for the 3rd quarter of 2019-20 to March 14 or before. "I think we are going to declare our results on March 14th," Kumar said.

YES Bank insolvency may tighten credit markets, widen economic pain: S&P

The Reserve Bank last week imposed a moratorium on the capital-starved Yes Bank, capping withdrawals at Rs 50,000 per account

YES Bank: Anmi urges RBI to consider exempting capital market transactions

The development comes after YES Bank on Thursday was put under a moratorium, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board

YES Bank debt writedown to raise borrowing cost, hit sector capital-raising

RBI said it would work on a revival plan, as part of which bonds classified as AT1 capital will be written down "permanently, in full"

Banking stocks slide to 13-month low amid fallout from YES Bank crisis

YES Bank, weighed down by an increasing pile of bad debt, had struggled for months to raise the capital it needs to stay above regulatory requirements, without any success

YES Bank scam: CBI carries out searches at 7 locations on bribery charges

Teams of CBI officers are carrying out operations at the residence and official premises of the accused in Mumbai

Fast growth to quick fall: The story of Yes Bank's changing fortunes

Yes Bank has been put under moratorium and may have to take a government-planned bailout.

One rupee: The value that foreign brokerages attach to the YES Bank stock

Macquarie Capital Securities also said if State Bank of India (SBI) decided to buy stake in the bank, they should buy it at Rs 1 per share as the net worth is hugely impaired

Retail investors bought YES Bank shares as institutions exited en masse

Soon after the RBI announced the moratorium, global bank JP Morgan pegged YES Bank shares at Rs 1 a share.

YES Bank fallout: Axis Trustee Services seeks clarity on AT-1 bondholders

RBI's draft reconstruction scheme for YES Bank suggested a permanent write-down of these bonds outstanding as of March 5.

YES Bank crisis: Rana Kapoor in ED custody, faces Rs 4K-cr kickback probe

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