Kapoor is already facing an ED criminal case for receiving alleged kickbacks, through companies purportedly controlled by his family, for going slow on bad loans extended by his bank
Stating that the investors will not regret coming on board a new Yes Bank, he pointed to the massive rise in the share price of the scrips
What's also ailing these stocks and also the banking sector at large, is the dwindling investor confidence created by YES Bank's turmoil
Rs 10K-cr infusion, lock-in and hurried short-covering led to 2.3x surge in the stock
Along with the institutional bondholders, an individual investor -- a cancer survivor -- also moved the court to seek relief on Rs 10 crore exposure to AT-1 bonds
In past three days, more money came to Yes Bank compared to withdrawals as only one-third of customers withdrew Rs 50,000 from their accounts
The bank's gross bad loans by the end of the December quarter swelled to a staggering Rs 40,709.20 crore
Moody's Investors Service lowered India's GDP growth forecast, predicting the coronavirus will hurt the country's economy.
ICICI Bank (down 9 per cent) being the biggest loser and Hindustan Unilever (HUL) -- up around 3.5 per cent -- the biggest gainer
"Our customers will be able to enjoy all services available before the moratorium," said Prashant Kumar at a press conference in Mumbai
The global rating agency Moody's has upgraded YES Bank's long-term foreign currency rating from "Caa3" to "Caa1" on bail-out package
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Das said the central bank had enough instruments for use if needed - they would be deployed at a time that would maximise impact
The agency also calls Subhash Chandra, Naresh Goyal, Kapil Wadhawan, and Peter Kerkar in money laundering probe
The sessions court in Mumbai on Monday extended the custody of Rana Kapoor, former managing director and chief executive officer of crisis-hit YES Bank, till March 20
According to court documents, the matter was mentioned on Monday. The plea will be clubbed with the petition filed by Axis Trustee, which represents the majority of the bondholders.
The rating action concludes the review with direction uncertain that was initiated on Yes Bank's ratings on 06 March 2020. Ailing private sector bank was placed under moratorium on March 5, 2020.
Peers investing indicates other investors' reluctance; banks must conserve capital first before bailing out the private lender
Public shareholders have Rs 8,673 cr exposure to bank
BL Bank, for example, is down 47.2 per cent during the period. Its m-cap is down from ~15,700 crore on February 20 to ~8,283 crore at the close of trading on March 16