Ready to invest at Rs 12-15 per share, a 50 per cent discount to current market price
Also exempts shareholders in companies such as IL&FS pursuant to NCLT order, those whose land is being regularised in Delhi
The sale of immovable assets is under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act, 2002
The RBI has to impose restrictions on lending and withdrawal activities before it can frame a revival scheme for commercial and co-operative banks, according to the previous law
The Wadhawans, now arrested, have challenged the Bombay High Court's May 12 order rejecting their plea for pre-arrest bail.
The Delhi HC has directed the RBI and the Centre to explain as to how the depositors of scam-hit Punjab and Maharashtra Cooperative Bank are "differently circumstanced" in comparison to Yes Bank
The SGX Nifty was up around 60 points at 7:30 AM, and was indicating an open above 10,300 levels for the Nifty today
Co-operative banks need intervention at multiple levels
11 others named too in chargesheet filed under PMLA
While the bank has adequate liquidity for coupon payment as per Basel guidelines coupon is not payable if the CRAR is below the regulatory requirement
Agency said downgrade has factored in specific features of the instrument where debt servicing is linked to meeting regulatory norms on capitalisation, i.e., CAR of 9%
All that happened in the markets today
YES Bank Chairman Sunil Mehta spoke to Abhijit Lele and Pavan Lall about resetting the bank's strategy and corporate governance in banking, and what banks were to do to recover money.
The issue, to be managed by SBI Caps, will be launched at a substantial discount to the current market price to attract investors.
The private lender had approached banking sector regulator RBI seeking approval to pay interest due as on June 29, 2020 for Upper Tier II Bonds
All that happened in the markets today
The Indian markets are likely to start this week on a flat note with a negative bias, on the back of similar trend in global indices
The bank is likely to file for its offer document soon after the board clears the fundraising plan.
All that happened in the markets today
The FPIs are in advanced talks with an Indian bank to act as a custodian.