Three officials of leading private banks were arrested for their alleged involvement in a Rs 2,500-crore cyber fraud racket in Gujarat's Rajkot district, bringing the number of those held so far in the case to 20, police said on Monday. Those arrested were identified as Maulik Kamani, a personal manager at Yes Bank in Padadhari; Kalpesh Dangariya, a manager at Axis Bank in Jamnagar; and Anurag Baldha, a personal banker with HDFC Bank, Rajkot (Rural) Superintendent of Police Vijay Gurjar said. Dangariya and Baldha were previously employed with Yes Bank, he added. Kamani allegedly assisted the earlier arrested accused in opening and managing suspicious accounts. He also helped bypass banking alerts triggered by high-value transactions by submitting additional documentation to keep accounts active, the SP said. Kamani was allegedly involved in cash withdrawals that were later routed through hawala channels (illegal money transfer system), supported by digital evidence recovered from h
Tonse along with group chief financial officer Niranjan Banodkar, says the focus is also on how to benefit from the collaboration with SMBC
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Banks report no immediate asset quality stress from West Asia tensions but warn of possible near-term impact, especially on SMEs and macro indicators, as uncertainty persists
Bank reports steady margin expansion, stronger CASA base and improved asset quality as FY26 net profit climbs to ₹3,476 crore, with RoA at 1%
Private sector lender reports strong Q4 with 44.7 per cent rise in profit, aided by lower provisions, steady income growth and improving asset quality metrics
Q4FY26 company results: Firms including Yes Bank, Mangalam Global Enterprise, and Suryachakra Power Corporation are also to release their January-March earnings today
New CEO Vinay Tonse outlines a four-pillar strategy centred on people, products, processes and technology to drive growth and strengthen YES Bank's operations
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YES Bank appoints S Anantharaman as Chief Risk Officer to oversee enterprise-wide risk, including credit, market, and operational frameworks
Former SBI managing director Vinay Muralidhar Tonse joins Yes Bank as MD & CEO designate for three years and will take charge from incumbent Prashant Kumar in April 2026
Around 5,000 Yes Bank forex card customers were hit by fraudulent transactions totalling $280,000, with the bank blocking several attempts and initiating chargebacks to prevent financial loss
Private sector lender YES Bank which is on the recovery path expects to close the ongoing financial year with a return on assets of 1 per cent, the bank's Chief Financial Officer Niranjan Banodkar said. Return on assets (ROA) is a profitability metric that measures how efficiently a bank uses its assets to generate profit. A higher ROA indicates better asset utilization and an increase in the bottom line. "The bank will exit the current fiscal year with an ROA of 1 per cent, and on an annual basis, the ROA will exceed 1 per cent in the next fiscal year," he told PTI. For the December quarter, the bank reported a net profit of Rs 952 crore, registering a growth of 55 per cent on an annual basis and 45 per cent on a quarter-on-quarter basis. The reported annualised return on assets (ROA) for the quarter further improved to 0.9 per cent against 0.6 per cent in the previous quarter as well as the corresponding quarter last year. The annualised reported ROA for nine months has improved
Vinay Tonse will replace Prashant Kumar as MD & CEO as bank readies next growth push
RBI has approved the appointment of former SBI managing director Vinay Tonse as Yes Bank's MD & CEO for three years, subject to shareholder approval
YES Bank's net interest income rose 10.8 per cent to ₹2,465 crore compared with ₹2,223 crore, as domestic loans grew 5.2 per cent
Q3FY26 company results: Firms including Punjab & Sind Bank, UCO Bank, IDBI Bank, RBL Bank, Oswal Yarns, and Netweb Technologies are also to release their October-December earnings reports today
Months after acquiring a 24.21% stake in Yes Bank, Japan's SMBC has received RBI's in-principle approval to set up a wholly owned banking subsidiary in India
Stocks to Watch today, January 7, 2026: Godrej Consumer, Titan, Jubilant FoodWorks, YES Bank are among key stocks that will be in focus today
The Enforcement Directorate on Friday questioned Jai Anmol Ambani, son of industrialist Anil Ambani, in Delhi in a money laundering case linked to an alleged bank loan fraud, officials said. They said the statement of the 34-year-old was recorded under the Prevention of Money Laundering Act (PMLA), and it is expected to continue on Saturday. The ED probe is related to Yes Bank. The bank, as per the officials, had an exposure of about Rs 6,000 crore to Reliance Anil Dhirubhai Ambani Group (ADAG) as on March 31, 2017 and this figure doubled to Rs 13,000 crore within a year (as on March 31, 2018). The companies included Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). A "large" portion of these investments turned into non-performing investments (NPI) and the bank, subsequently, suffered a loss of Rs 3,300 crore from these dealings, the agency had alleged. Ambani senior too has been questioned by the ED in an alleged bank loan fraud case against the