Yes Bank has been put under moratorium and may have to take a government-planned bailout.
Forcing bondholders to take 100 per cent haircut on the bank's AT-1 bonds would lead to losses to the tune of Rs 10,800 crore, estimates Acuite Ratings
Soon after the RBI announced the moratorium, global bank JP Morgan pegged YES Bank shares at Rs 1 a share.
Inflation eased to 6.80%, lower than January's 7.59%, according to a poll of economists
The RBI in December 2019 noted that private sector banks accounted for 69 per cent of incremental loans in 2018-19
Regulators, bankers in a huddle to resolve issue
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
Experts say what will also play on the minds of policymakers is the potential upside of taxing the cryptocurrency trade.
As manufacturing in China recovers, so will the demand for raw materials
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
Restriction on withdrawal will hit the bank badly
The original plan was to borrow in local or foreign currency through AT-1 instrument or tier-2 capital
SBI chief asserts private lender's failure could have huge implications for economy, says many co-investors have evinced interest afte reading RBI draft
The Reserve Bank of India has imposed a moratorium on the bank and restricted withdrawals to Rs 50,000 per depositor till April 3
The AIBEA said that people's money should be for people's welfare and not for private loot
Payments firm came to a halt after RBI superseded YES Bank's board
Gill had the unenviable task of steering a troubled entity with legacy issues. But he could have been more proactive
As per the data, SBI Mutual Fund has the highest exposure of Rs 152.83 crore, followed by Rs 67 crore by HDFC Mutual Fund in the bank's equities, as at the end of January.
To pick up 49% stake in bank for Rs 2,650 cr; administrator says working to revive bank well before moratorium period ends