Page 51 - Yes Bank

RBI's moratorium on Yes Bank disrupts digital payments, PhonePe hit hardest

Since YES Bank is PhonePe's exclusive UPI partner, the latter's users have been affected the most

'Most of us don't know what happened': Yes Bank customers flock branches

Across branches, the busiest people were the relationship managers, trying to soothe nerves

Crisis at YES Bank highlights governance risk in banking sector: Fitch

The central bank's takeover of Yes Bank appears intended to restore depositor confidence

This Gujarat co withdrew Rs 265 cr, hours before RBI moratorium on Yes Bank

On Thursday, the RBI restricted withdrawals from Yes Bank to Rs 50,000 per depositor

'No Yes Bank,' says Rahul Gandhi, accuses govt of 'destroying' economy

Yes Bank was placed under a moratorium on Thursday, with the Reserve Bank of India (RBI) capping deposit withdrawals at the bank at Rs 50,000 per account for a month and superseding its board

SBI to buy 49% stake in Yes Bank under rescue plan; FM assures depositors

Analysts calculate SBI's investment in Yes Bank would need to total almost Rs 2,500 crore ($339.10 million).

Yes Bank crisis may hit jute mill operations, worker wages ahead of Holi

According to jute industry sources, payments to mills got stuck in totality though 60 per cent of the payment is not associated with Yes Bank

FM on Chidambaram's YES jibe: Self-appointed doctors created more problems

Finance Minister Nirmala Sitharaman on Friday hit back at senior Congress leader P Chidambaram for his jibe over crisis-hit Yes Bank's loan book swelling five times under BJP rule, saying "self-appointed competent doctors" created more problems in handling crisis at three banks during the UPA regime. She blamed Chidambaram for the crisis at Global Trust Bank in July 2004 and the problems at IDBI which had to merge with on-the-verge of collapsing United Western Bank in 2006. The Congress-led UPA had come to power in May 2004 and Chidambaram was the finance minister. Addressing a press conference after the RBI superseded the board of Yes Bank and placed withdrawal restrictions, she said the crisis-hit lender's exposure to stressed corporates dates before 2014. "The exposure of Yes Bank to some of the very stressed corporates has been before 2014. These are public domain names and I am not violating any customer privacy Anil Ambani (Group), Essel Group, DHFL, IL&FS (and) Vodafone ...

Working to revive Yes Bank well before moratorium ends: RBI-appointed admin

Kumar, an ex-chief financial officer of SBI, also assured depositors that their money is safe and there is no reason to panic

ATM queues to govt assurance: YES Bank crisis in pictures

RBI on Friday unveiled 'Scheme of Reconstruction' for Yes Bank, saying that the SBI has expressed willingness to invest in the crisis-ridden lender

PM, FM clueless on economy, they are like quacks: Cong on Yes Bank crisis

Senior Congress leader P Chidambaram tweeted data on Yes Bank's loan book having increased from Rs 55,633 crore in 2014-15 to Rs 241,499 crore in 2019-20

Paytm Payments Bank restricts transactions into Yes Bank accounts

"Paytm Payments Bank Ltd (PPBL) today (Friday) announced that they are restricting transaction settlements, including UPI, into Yes Bank accounts to safeguard their users' money," PPBL said in a state

Market plunges over sell-off in banking stocks, investors lose Rs 3.28 trn

Shares of Yes Bank came under intense selling pressure on Friday and plunged nearly 85 per cent during the day after the lender was placed under a 30-day moratorium

'Under review': Moody's downgrades Yes Bank's ratings from B2 to Caa3

Moody's has also downgraded the bank's long-term foreign and local currency bank deposit ratings.

Top headlines: YES Bank rescue plan, Coronavirus India cases rise, and more

From Air India's disinvestment plan to YES Bank's stock crash, here are the top stories for the day

RBI draft plan: SBI to invest in reconstructed YES Bank up to 49%

The draft comes a day after the RBI imposed a moratorium on the bank, restricting withdrawals to Rs 50,000 per depositor till April 3

RBI to look into what went wrong at Yes Bank, fix responsibilities: FM

On finding risky credit decisions, the RBI advised change in management, the Finance Minister said

Distress calls, long queues at branches of Yes Bank post withdrawal limit

The bank's board has been superseded by RBI-appointed administrator Prashant Kumar, former deputy managing director and chief financial officer of SBI

Nippon India Mutual Fund marks down its investment in Yes Bank to zero

In addition, the fund house has imposed a limit of Rs 2 lakh on fresh inflows into the impacted schemes till further notice, Nippon India MF said in a statement.

Market Wrap, March 6: Sensex tanks 894 pts, Nifty at 10,989

On a weekly basis, Sensex dropped 1.8 per cent while Nifty lost 1.89 per cent