Page 613 - Finance News

YES Bank crisis: Raising capital immediate priority, says Prashant Kumar

YES Bank would be run independently and focus will be on turnaround to make it a robust bank and a good investment, Kumar said

HDFC Bank in talks with Goldman Sachs Group's Harit Talwar for CEO role

The Mumbai-based lender has a market capitalisation of about $86 billion, giving it a bigger standing than major US banks like Goldman and Morgan Stanley

Promoters of IndusInd Bank to hike stake by buying extra shares from market

The promoters of the bank plan to acquire additional shares from open market in India

YES Bank crisis: ED raids founder Rana Kapoor's residence in Mumbai

They said the raid is being carried out at his Samudra Mahal residence in the western metropolis

Moratorium on YES Bank is credit negative, highlights uncertainty: Moody's

YES Bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment

RBI's moratorium on Yes Bank disrupts digital payments, PhonePe hit hardest

Since YES Bank is PhonePe's exclusive UPI partner, the latter's users have been affected the most

'Most of us don't know what happened': Yes Bank customers flock branches

Across branches, the busiest people were the relationship managers, trying to soothe nerves

Crisis at YES Bank highlights governance risk in banking sector: Fitch

The central bank's takeover of Yes Bank appears intended to restore depositor confidence

This Gujarat co withdrew Rs 265 cr, hours before RBI moratorium on Yes Bank

On Thursday, the RBI restricted withdrawals from Yes Bank to Rs 50,000 per depositor

SBI to buy 49% stake in Yes Bank under rescue plan; FM assures depositors

Analysts calculate SBI's investment in Yes Bank would need to total almost Rs 2,500 crore ($339.10 million).

FM on Chidambaram's YES jibe: Self-appointed doctors created more problems

Sitharaman questioned Chidambaram's handling of the crisis at two banks under the UPA-1 rule

Working to revive Yes Bank well before moratorium ends: RBI-appointed admin

Kumar, an ex-chief financial officer of SBI, also assured depositors that their money is safe and there is no reason to panic

Paytm Payments Bank restricts transactions into Yes Bank accounts

"Paytm Payments Bank Ltd (PPBL) today (Friday) announced that they are restricting transaction settlements, including UPI, into Yes Bank accounts to safeguard their users' money," PPBL said in a state

Exim Bank's LoC scheme to see fresh commitments worth $20 billion by 2025

Asia and Africa account for 52 per cent and 42 per cent respectively of the share of total LoC commitments

RBI draft plan: SBI to invest in reconstructed YES Bank up to 49%

The draft comes a day after the RBI imposed a moratorium on the bank, restricting withdrawals to Rs 50,000 per depositor till April 3

RBI to look into what went wrong at Yes Bank, fix responsibilities: FM

On finding risky credit decisions, the RBI advised change in management, the Finance Minister said

Distress calls, long queues at branches of Yes Bank post withdrawal limit

The bank's board has been superseded by RBI-appointed administrator Prashant Kumar, former deputy managing director and chief financial officer of SBI

Nippon India Mutual Fund marks down its investment in Yes Bank to zero

In addition, the fund house has imposed a limit of Rs 2 lakh on fresh inflows into the impacted schemes till further notice, Nippon India MF said in a statement.

After Yes Bank crisis, Maharashtra govt shuns private sector banks

Instructions to the effect have been issued by Chief Minister Uddhav Thackeray to the concerned departments

RBI to come up with a reconstruction plan for YES Bank soon: Sources

"This will surely not be a rescue plan. You will get to know when the scheme is out," a top SBI executive who did not wish to be named said, hinting that SBI might not take over YES Bank