Page 52 - Yes Bank
Market Wrap, March 5: Sensex gains 61 pts; Nifty at 11,269
On the sectoral front, PSU banks and FMCG stocks made decent gains while realty, metal. and media counters suffered losses
 "Market Wrap, March 5: Sensex gains 61 pts; Nifty at 11,269")
MARKETS: Indices end at 6-mth lows, Sensex tanks 894 pts; YES Bank down 56%
All that happened in markets today
 "MARKETS: Indices end at 6-mth lows, Sensex tanks 894 pts; YES Bank down 56%")
YES Bank stock crash and financial mess: How the crisis unfolded in 2 years
Companies that failed to repay their loans to YES Bank include Dewan Housing Finance, Essel group, CG Power, the Anil Ambani group companies, and Videocon
 "YES Bank stock crash and financial mess: How the crisis unfolded in 2 years")
RBI's move to take control of YES Bank puts Mutual Funds on the edge
As many as 32 mutual fund schemes have exposure to bank's AT-1 bonds
 "RBI's move to take control of YES Bank puts Mutual Funds on the edge")
After Yes Bank crisis, Maharashtra govt shuns private sector banks
Instructions to the effect have been issued by Chief Minister Uddhav Thackeray to the concerned departments
 "After Yes Bank crisis, Maharashtra govt shuns private sector banks")
RBI to come up with a reconstruction plan for YES Bank soon: Sources
"This will surely not be a rescue plan. You will get to know when the scheme is out," a top SBI executive who did not wish to be named said, hinting that SBI might not take over YES Bank
 "RBI to come up with a reconstruction plan for YES Bank soon: Sources")
YES Bank crisis: FM assures depositors as RBI promises quick resolution
RBI has assured there will be a quick resolution, says FM, even as RBI Governor promises resolution in 30 days; SBI Chairman Rajnish Kumar says problem at hand is lender-specific, not sectoral
 "YES Bank crisis: FM assures depositors as RBI promises quick resolution")
Want to assure YES Bank depositors that their money is safe: FM Sitharaman
She added that the people can withdraw money to deal with tough situations and the cash crunch is being dealt with
 "Want to assure YES Bank depositors that their money is safe: FM Sitharaman")
PhonePe, other digital partners bear the brunt of YES Bank crisis
It can be noted that the bank's own net banking facilities have not been operational since last evening
 "PhonePe, other digital partners bear the brunt of YES Bank crisis")
SBI board approves exploring 'investment opportunity' in YES Bank
A rescue plan involving SBI and Life Insurance Corporation of India was being discussed and an announcement in this regard might be made soon
 "SBI board approves exploring 'investment opportunity' in YES Bank")
YES Bank tumbles 85% after RBI imposes moratorium; SBI plunges 11%
YES Bank has registered slippages of Rs 12,000 crore so far in FY20, while it has placed Rs 30,000 crore of loan assets under the watch list.
 "YES Bank tumbles 85% after RBI imposes moratorium; SBI plunges 11%")
Former SBI CFO Prashant Kumar takes charge as YES Bank administrator
Prashant Kumar taking charge as the Yes Bank administrator is in line with notifications issued by Department of Financial Services and the RBI
 "Former SBI CFO Prashant Kumar takes charge as YES Bank administrator")
YES Bank resolution will be swift, 30 days is an outer limit: RBI governor
The RBI governor also said that the impact of Covid-19 on India will be limited
 "YES Bank resolution will be swift, 30 days is an outer limit: RBI governor")
YES Bank customers shocked over moratorium; ATMs, branches run our of cash
RBI on Thursday imposed a month-long moratorium on YES Bank citing "serious deterioration in its financial position"
NSE puts restrictions on YES Bank shares, no bank guarantees to be accepted
The bank has also experienced serious governance issues and practices in the recent years which have led to steady decline of the bank
 "NSE puts restrictions on YES Bank shares, no bank guarantees to be accepted")
Customers rush to ATMs in Mumbai after RBI caps Yes Bank withdrawal limit
The customers claimed that the bank had not given any prior information about it while many rued that the ATMs have run out of cash.
 "Customers rush to ATMs in Mumbai after RBI caps Yes Bank withdrawal limit")
RBI supersedes board of troubled YES Bank, sets Rs 50,000 withdrawal limit
Lender placed under moratorium; withdrawal capped at Rs 50,000; govt, central bank flag governance issues
 "RBI supersedes board of troubled YES Bank, sets Rs 50,000 withdrawal limit")
All may not be lost for YES Bank but insiders say its recovery to be slow
It will depend on the acquiring bank or financial institution's capacity to hold the assets till the market improves and sell them later to recover sizeable chunk of the loans
Market Ahead, March 6: Top factors that could guide markets today
Yesterday, the SBI said its board had given in-principle approval to consider an "investment opportunity" in YES Bank although no decision had yet been taken to pick up stake in the bank
 "Market Ahead, March 6: Top factors that could guide markets today")
Top 10 biz headlines: RBI supersedes YES Bank, SBI considers buying stake
From the State Bank of India exploring opportunity to pick up stake in YES Bank to RBI Deputy Governor deciding to step down, Business Standard brings you the top headlines of the day