As many as 44 companies belonging to 10 large business groups reportedly accounted for bad loans of Rs 34,000 crore of YES Bank
The look out circular (LOC) was issued against all these seven accused to prevent any attempts to leave the country, the officials said
The special court under the Prevention of Money Laundering Act granted an extension to keep Rana Kapoor under custody till March 16
The first-of-its-kind move will mark the activation of RBI's ironclad November 4, 2019 guidelines on the compensation
State Bank of India's bonds see 130 basis points jump in yields since Friday
Nearly Rs 1,500 crore worth of bids in the IPO have come from YES Bank accounts
The results assume significance in the backdrop of recent developments that saw the Reserve Bank of India supersede the board of directors of YES Bank and appointed Prashant Kumar as the administrator
Crisis-ridden Yes Bank was put under a moratorium last week, with the RBI capping withdrawals at Rs 50,000 per account and superseding its board.
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JC Flowers, Tilden, Cerberus ask SBI to prepare a clean-up plan
The revised rescue plan for YES Bank looks better but it remains to be seen if it will be adequate to repair the damage done to confidence in the bank
The move comes even as the impact of coronavirus is beginning to be felt in India, raising further risks to economic growth and NBFI asset quality
Firms say there are limits to audits identifying ever-greening of loans, or flagging suspect collateral securities
"We are in the process," said Prashant Kumar, the administrator appointed by the Reserve Bank of India (RBI)
Infra giant has Rs 100 crore of exposure to bank's AT-1 bonds
To seek provisional attachment in next few weeks
The statement comes in the wake of the Yes Bank crisis, following which stock prices of various banks went sharply down.
Proceeds to be used to shore up liquidity
The announcement comes a day after its customers were allowed inward IMPS and NEFT services for the same purposes
The SLB mechanism allows traders to borrow securities that they may not have to meet their obligations