According to sources, the Kapoor companies invested around $10-11 million in Awfis but their shareholding got diluted as new investors came in.
Better bargains may be available in the next few months
Gross NPAs gallop to Rs 40,709 crore in Dec 19
Three-year lock-in period for investors
SBI is investing Rs 7,250 crore in the ailing lender. LIC, HDFC, ICICI, Axis and Kotak Mahindra and other investors have also come forward to invest in it
The Union Cabinet on Friday approved a reconstruction plan proposed by the RBI for bailing out fund-starved Yes Bank.
Minister Uday Samant made the announcement after Shiv Sena MLC Maneesha Kayande raised the issue in the Legislative Council
ICICI Bank, HDFC, Axis Bank and Kotak Mahindra Bank too on Friday said they will join the SBI-led consortium and invest in Yes Bank
RBI had on March 5 put a moratorium on Yes Bank restricting withdrawals to Rs 50,000 per depositor till April 3
The YES Bank reconstruction plan will include an equity investment of at least Rs 11,350 crore from various entities, including multiple private lenders.
'Conspired' with Avantha group and bought house at discounted price
Taking part in discussion on the Yes Bank issue, he said the government would take a review to know the quantum of civic bodies' funds stuck in that bank
Congress' chief spokesperson Randeep Surjewala and the party's leader in Lok Sabha Adhir Ranjan Chowdhury said it was important to understand the 'chronology' of the Modi government's 'new experiment
The committee will inquire into the deposit of the Lords money in the private bank by the Shree Jagannath Temple Administration
Depositors are a subset of taxpayers. A depositor also pays tax. So what he gains as a depositor he may well be losing as a taxpayer
The cure might lie in things like improving market intelligence, responding to early signals, improving efficacy of prosecution, and understanding structures and inter-dependence, writes T N Ninan
The probe agency is carrying out searches in Delhi and Mumbai at multiple locations
Market participants say ask yields for other large-sized banks' AT-1 bonds have hardened further
Hours after the Cabinet approved restructuring scheme for YES Bank, private lenders ICICI Bank, HDFC, Kotak Mahindra Bank and Axis Bank came to the cash-strapped bank's rescue
The ICICI Bank in a regulatory filing said that the board has approved an equity investment of up to Rs 1000 crore in equity shares of YES Bank Limited