The Wadhawan brothers are named as accused in the CBI FIR pertaining to swindling of money by Rana Kapoor and others, the officials said
In August 2019, the lenders had appointed audit firm PwC to examine the CKL
The court has asked the Enforcement Directorate (ED) to file its reply on Thursday and directed the agency not to take any coercive action until then, the lawyer added
At a time when revenues have been disrupted, these are the ones that could go belly up first
Public trust in public sector banks will remain strong, underpinned by a perception of strong government protection for them, Moody's said
Moody's said the Yes Bank episode places the country's financial system on "alert" and the rescue in itself "exposes weaknesses in the process to support a failing private sector bank"
Muthoot Finance's Ba2 CFR is affirmed and its outlook changed to negative from stable.
Max Life Insurance is a joint venture between Max Financial Services Ltd and Mitsui Sumitomo Insurance
According to the complaint, the Wadhawan family had no medical or family emergency to visit the place and they had not obtained any permission in this regard
Police found 23 people including members of the Wadhawan family at their farmhouse, an official said.
Could disallow retail investments directly and through MFs in the instrument
The deposit base of the private sector lender stood at Rs 11.46 trillion in Q4FY20 compared to Rs 9.23 trillion in the same period last year
Kapoor, 62, had sought bail claiming that his prevailing medical condition puts him at the risk of contracting coronavirus infection in jail
The market sell-off has hit balanced mutual fund schemes, where investors seek lower volatility from a mixed portfolio of equity and debt investments
Sources said the probe agencies are planning to move an application, seeking more time with respect to the filing of chargesheet in matters
The spectacular meltdown at YES Bank reveals the mental makeup of someone only too eager to walk on life's wild side
From FMCG market likely to witness slump, DoT asking telcos to list out spectrum demands to analysts predicting GDP fall to 3-decade low, Business Standard brings you top headlines of the day
Sub-optimal responses against viral pandemics and crony lending would keep resurfacing if voters do not hold govts accountable
Strategic plan to factor in Covid-19 impact
The bank looks to reassure its depositors with a new print advertisement acknowledging the past and asking depositors to look ahead. Does this help rebuild credibility?