Slim chance of loan recovery, say analysts
Company plans to challenge bank over bid to sack board members
Investors looked to lock in gains after the recent rally but most dips were bought into, which left indices unchanged at close.
Shares of Dish TV India surged on Tuesday even after Yes Bank, a significant shareholder in the company, has sought the removal of the company's directors including the MD over alleged misgovernance
Mining major NMDC has slashed prices of lump ore and fines by Rs 1,000 per tonne
YES Bank has given a special notice under Section 169 of the Companies Act, 2013, which seeks the removal of Rashmi Aggarwal, Bhagwan Das Narang, Shankar Aggarwal, and Ashok Mathai Kurien, besides MD
Kapoor''s wife Bindu and daughter Radha were named as accused in the supplementary charge sheet filed by the Central Bureau of Investigation recently, but the duo was never arrested in the case.
This is thanks to economic revival, improving upgrades to downgrades ratio, say experts
The rating agency also revised the rating for bank's certificates of deposit (CD) from "A2+" to "A1"
Rating reflects improving deposit profile, adequate capital levels to withstand stress on books
Markets regulator Sebi on Wednesday ordered defreezing of bank accounts as well as share and mutual fund holdings of Rana Kapoor, former MD and CEO of Yes Bank. Kapoor is currently in judicial custody after being arrested in March 2020 in the alleged Yes Bank fraud case. The regulator, in March, had attached bank accounts, share and mutual fund holdings of Kapoor to recover dues of over Rs 1 crore. The decision was taken after Kapoor failed to pay the fine imposed on him. Sebi, in September 2020, had levied a fine of Rs 1 crore on Kapoor for not making disclosures regarding a transaction of Morgan Credit, which was an unlisted promoter entity of Yes Bank. By not disclosing about the transaction to Yes Bank's board of directors, Kapoor created an opaque layer between him and stakeholders and violated the provision of the LODR (Listing Obligations and Dislcosure Requirements) Regulation, Sebi had said in the order. The release order came after Supreme Court, on August 2, stayed the
Sebi on Wednesday directed the defreezing of attached bank accounts/lockers/demat accounts and mutual fund folios of Yes Bank founder Rana Kapoor
A special court here on Tuesday allowed Yes Bank co-founder Rana Kapoor's lawyer to remain present during the recording of Kapoor's statement by the ED in a case related to the Avantha group.
In the June quarter of financial year 2021-22 (Q1FY22), the lender posted a profit of Rs 210 crore due to lower provisions
Analysts at Emkay Global Financial Services expect the bank's RoA trajectory to remain sub-par at 0.5-0.8 per cent over FY23-24E vs. management expectation of 1-1.5 per cent
In April, the RBI formed a 6-member panel headed by Sudarshan Sen, former ED, to carry out a comprehensive review of the working of ARCs in the financial sector ecosystem
Yes Bank and Indiabulls Housing Finance have come forward for a strategic co-lending tie-up to source and service home loans
A large capex by the government can be a saving grace for the economy, Yes Bank Chairman Sunil Mehta said
Cipla is recalling 7,228 bottles of Solifenacin Succinate tablets in the US market due to manufacturing issues
The bank has tied up with National Payments Corporation of India for issuing RuPay cards and will ink a similar deal with VISA