Max Life has Rs 2,000 crore exposure to YES Bank's tier-2 bonds and the latter accounts for 11 per cent of its bancassurance channel
Earlier, the new YES Bank administrator Prashant Kumar had said that the moratorium imposed by the RBI could be lifted before the end of this week
The move on Yes Bank comes as the impact of the coronavirus is beginning to be felt in India, raising further risks to economic growth and non-banking finance companies' asset quality
During the hearing, the ED told the special PMLA court that Kapoor had sanctioned loans worth Rs 30,000 crore to different entities during his tenure
Among sectoral indices on the NSE, PSU banks, realty, metal and auto stocks witnessed declines while media stocks rallied
Some aides of Kapoor, former board members may be asked to join probe
Oil prices rebounded from Monday's largest percentage drop since the 1991 Gulf War, with Brent crude rising 10 per cent
From Markets bracing for stormy days to Mukesh Ambani loses Asia's wealth crown, Business Standard brings you top business headlines of the day
According to the data sourced from primemfdatabase.com, MFs' exposure to the AT-1 bonds - also called perpetual bonds - stood at Rs 37,687 crore as of January 31, 2020
According to a note by ICRA, the RBI move can have negative repercussions for the entire AT-1 bond market, which currently stands at around Rs 93,669 crore
Their tolerance to NAV fluctuations has been tested once too often. Opt for high-quality, low-risk portfolios
Even though market sentiment has turned against the banking sector currently, its long-term prospects remain strong
YES Bank administrator Prashant Kumar said that the moratorium imposed by the Reserve Bank of India could be lifted before the end of this week
SBI's YES Bank investment raises questions
The Enforcement Directorate has widened its probe in the YES Bank case, taking it beyond loans given to DHFL; it is now looking at the bank's books to see if the Kapoor family received kickbacks
From no level playing field for women at work to YES Bank rescue details, Business Standard brings you the top headlines of the day
Here's a selection of Business Standard Opinion pieces for the day.
Unless quick remedy is stitched up, there's looming threat of YES Bank being forced into SBI's books
Hopeful that moratorium on withdrawal will be lifted by Friday, says bank administrator
The Indian markets suffered their worst single-day rout in five years, with the benchmark indices falling 1,942 points and the rupee breaching 74 against the dollar.