Gill had the unenviable task of steering a troubled entity with legacy issues. But he could have been more proactive
Customers are also facing trouble because net banking services are not working and some even complained that their credit cards are also not working
The SBI chief has also said that the initial investment in YES Bank will be Rs 2,450 crore
As per the data, SBI Mutual Fund has the highest exposure of Rs 152.83 crore, followed by Rs 67 crore by HDFC Mutual Fund in the bank's equities, as at the end of January.
Benchmark indices enter correction territory; rupee near 74 against dollar
Confirming the development, an ED official said searches would continue over the weekend and Kapoor might have to face questioning by sleuths
To pick up 49% stake in bank for Rs 2,650 cr; administrator says working to revive bank well before moratorium period ends
The Reserve Bank of India has capped withdrawals at Rs 50,000 and imposed strict limits on operations at Yes Bank.
Brokers have blocked payouts to YES Bank accounts and disabled YES Bank in the payments gateway
Lender mopped up Rs 2,800 crore from the share sale
For LIC, the mark-to-market hit could have been over Rs 600 crore; FIIs' holding down by Rs 1,162 crore
Nippon India's schemes saw maximum impact following perpetual bond write-offs
Reconstruction scheme to result in high equity dilution, while business revival may take 1-2 years; SBI stock could also see de-rating
Move aimed to avoid funds getting blocked in account post-redemption request
The RBI's draft reconstruction plan for YES Bank states that AT-1 bondholders shall not be entitled to get any compensation from the reconstructed bank
Sitharaman said the RBI and the government had been closely monitoring YES Bank since 2017
YES Bank would be run independently and focus will be on turnaround to make it a robust bank and a good investment, Kumar said
The investment exposures of key insurance players have been hit by ratings downgrades
They said the raid is being carried out at his Samudra Mahal residence in the western metropolis
YES Bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment