Goel's ouster from Dish TV board will require another resolution
The Enforcement Directorate (ED) on Tuesday took Pune-based businessman Avinash Bhosale into custody from Arthur Road Jail in an alleged corruption case pertaining to Yes Bank and DHFL
According to the sources, the timelines for resolution process completion and resolution plan submission have been extended due to the cold response from the bidders
Bank's proposal to appoint directors not placed before shareholders yet
Appointment of R C Venkateish as independent director also turned down; proxy advisory firm says company will have to appoint interim CEO
A bench led by Justice GS Patel and Justice MJ Jamdar said World Crest Advisors, Dish TV promoter group entity, had not made any case in its plea against YES Bank, and was dismissing the appeal
Promoter group entity World Crest Advisors LLP had earlier challenged the June 17 order passed by the single bench of the High Court to restrain Yes Bank from voting at the EGM of Dish TV
CLOSING BELL: In the broader markets, the Nifty MidCap100 and SmallCap100 indices fell up to 1.6 per cent.
Lender also raises interest rates on standard FDs, capping them at 6.5% for regular customers, 7.25% for seniors
Stocks to Watch Today: ICICI Bank and Axis Bank too will be in focus as global rating agency Moody's has upgraded the two private bank's baseline credit assessments (BCA) and deposit ratings to "baa3"
RBI wants the bank to avoid any conflict of interest with the ARC as YES Bank plans to hold a minority stake in the same ARC
YES Bank has over 440 million shares (or around 25 per cent) in the direct-to-home company and has been seeking a change in management for some time now
CLOSING BELL: The S&P BSE Sensex and the Nifty50 indices hit fresh 52-week lows as they spiraled 2 per cent down
Stocks to watch today: State Bank of India raised their MCLR lending rate by 20 basis points across all tenors; Network18 group firm Viacom18 eyes expansion after it bagged media rights for IPL.
Also, the bank will seek shareholders' approval for amendments to the Employees Stock Option Scheme (YBL Employee Stock Option Scheme 2020).
His appointment raises questions because ex-PSB bankers have historically taken over as heads of financial institutions with weak asset quality and governance
Stocks to Watch Today: Sugar industry has requested the government that the additional 1 MT export order be given the mills, and not trader or exporters.
Yes bank's largest shareholder, SBI, has proposed Prashant Kumar's name for MD & CEO's position for a three-year term
As of now, only three bidders are actively engaged with the lenders for Reliance Capital RCAP resolution including Piramal, Yes Bank and IndusInd.
The lender will do the repurchase at 97% of the principal amount of the notes.