Page 611 - Finance News

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 Its board was superseded and Kumar was placed as the administrator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

Allow Puri Jagannath Temple to withdraw Rs 545 cr from YES Bank: Odisha FM

During the period of moratorium, the Yes Bank Ltd will not, without the permission in writing of the RBI, make payment to a depositor of a sum exceeding Rs 50,000 lying to his credit in any savings

Merger of 10 PSBs into 4: Gains may not accrue soon for investors

Experts say concern over growth, credit cost, and asset quality would restrict valuation improvement despite sharp correction in share prices

Statsguru: How PSBs deal with integration in a challenging biz environment

The RBI in December 2019 noted that private sector banks accounted for 69 per cent of incremental loans in 2018-19

Indian banks well capitalised, no reason to worry: CEA Subramanian

He said that it is a wrong method to assess a lender's health based on the ratio of deposit to m-cap (market capitalisation)

YES Bank clients' Rs 1,500-crore SBI Cards IPO applications hang in balance

Regulators, bankers in a huddle to resolve issue

Rana Kapoor, hard-driving executive who rarely said no to giving loans

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

Depositors' money safe in banks, concerns based on 'flawed' analysis: RBI

"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."