Page 46 - Yes Bank

Business not as usual: YES Bank changes way banks, Mint Road are looked at

Former RBI governor, Urijit Patel, had said in the aftermath of the blowout at PNB that the banking regulator was better positioned when it came to the oversight of private banks.

YES Bank crisis: Axis Trustee moves HC against AT-1 bond cancellation

The central government, represented by the department of financial services and YES Bank, and the RBI have been included in the petition

YES Bank crisis: Paying loan? Shift ECS mandate to a nationalised bank

If you are paying a personal/home loan or doing SIPs, shift ECS mandate to another bank. It just might make sense to have one account with a nationalised bank

YES Bank fallout: CBI books Rana Kapoor's wife and three daughters

Yes Bank has been put under a moratorium by the RBI till April 3, during which customers are not allowed to withdraw more than Rs 50,000.

No material impact of YES Bank crisis on Shriram Transport Finance: S&P

S&P Global Ratings on Monday said Shriram Transport Finance Company (STFC) will not be materially affected by the troubles at Yes Bank as the firm's exposure is currently less than 0.5 per cent of its net worth. Earlier in the day, STFC said it has a small exposure of Rs 50 crore to Yes Bank's hybrid securities in the form of upper Tier II bonds. The finance company had made this investment in 2010. Yes Bank has been placed under a moratorium by the RBI and withdrawals have been capped. In a reconstruction plan of the bank, government-owned SBI is likely to pick up 49 per cent stake in the troubled bank. "S&P Global Ratings believes STFC's low exposure to Yes Bank's hybrid securities will shield its financial profile. STFC does not hold any Additional Tier 1 (AT1) capital instruments of the bank," the rating agency said in a release. "Only AT1 instruments are currently envisaged to be permanently written down," it said. However, even if STFC is required to make provision for ..

Indiabulls Housing Finance shares plunge on bond exposure to YES Bank

On the BSE, the stock plunged 16.06 per cent to close at Rs 213.55.

Priyanka in a spot over sale of Rajiv Gandhi's portrait to Rana Kapoor

During his custodial interrogation, Kapoor said that he was "threatened and forced by Congress leader Milind Deora to buy the art piece". The agency says that it has evidence to support this claim.

YES Bank fallout: Troubled borrowers may soon face a serious credit crunch

A substantial portion of YES Bank's corporate loans are "bilateral transactions", and fall outside the pale of consortium lending.

Letter to BS: Intriguing how despite checks YES Bank could lend recklessly

The epicentre of revival will be the effectiveness of the action plan of the new management to recover loans

Letter to BS: RBI should revisit audit of all banks and flag bad assets

In all the cases involving failure of banks, it is the common man who has to go through unwarranted stress.

YES Bank rescue plan: How brokerages have interpreted the proposals

Macquarie has suggested that taxpayers will the biggest casualty in the government-approved bailout plan for YES Bank

Yes Bank customers 'sensed trouble', withdrew Rs 18,110 cr in 2018

The difference in deposits between March 2019 to September 2019, reflects withdrawals to the tune of Rs 18,110 crore

Congress asks Modi to explain 'sinking banks', not divert attention

"Prime Minister, you need to tell the nation what is the BJP's connection to the Yes Bank and its owner," Randeep Surjewala asked.

ED investigating big loans issued by Yes Bank, Kapoor's foreign assets

A dozen alleged shell firms, Kapoor family investments of Rs 2,000 crore and over Rs 4,500 crore worth of transactions are under the scanner of the agency at present.

PhonePe partners with ICICI Bank, to continue alliance with Yes Bank

While PhonePe declined to comment on the banks it is in talks with, sources said PhonePe is engaged in dialogue with State Bank of India, HDFC Bank, Axis Bank and RBL Bank.

Meet Prashant Kumar, SBI veteran asked to steer Yes Bank in rough seas

Kumar's mettle was tested in field while leading Kolkata circle as chief General Manager and as general manager in erstwhile Maharashtra and Goa circle.

Hopeful of moratorium being lifted this week: Yes Bank administrator

The bank, which had over Rs 2.09 lakh crore in deposits, was put under moratorium last Thursday due to an inability to raise capital. Its board was superseded and Kumar was placed as the administrator

Yes Bank may resume normal operations by Friday, says Prashant Kumar

RBI on Thursday took control of Yes Bank, after the lender - which is laden with bad debts - failed to raise the capital it needs to stay above mandated regulatory requirements.

Yes Bank crisis: Working to restore all services soon, says Kumar

Before the RBI action, YES Bank had deferred announcement of its earnings for the 3rd quarter of 2019-20 to March 14 or before. "I think we are going to declare our results on March 14th," Kumar said.

Top business headlines: ONGC m-cap plunges, crude oil dives, and more

Indian stocks on Monday recorded their worst single-day fall in more than four years, tracking global markets.