Page 53 - Yes Bank
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
SBI board gives 'in-principle' approval for investment in YES Bank
The announcement came hours after Yes Bank was placed under a moratorium, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board
 "SBI board gives 'in-principle' approval for investment in YES Bank")
Govt puts Yes Bank under moratorium; withdrawals limited to Rs 50,000
This has been done to quickly restore depositors' confidence in the bank. The scheme for reconstruction and amalgamation of bank is also being put in place, RBI said in the statement.
 "Govt puts Yes Bank under moratorium; withdrawals limited to Rs 50,000")
Yes Bank depositors rush to ATMs but most unable to withdraw cash
In the residential area of suburban Chembur, one ATM was dispensing cash but had a long queue of anxious depositors
 "Yes Bank depositors rush to ATMs but most unable to withdraw cash")
Withdrawal limit to 'govt bailout': 10 points about Yes Bank's troubles
Yes Bank has been placed under moratorium and the government is reportedly planning a rescue plan involving a capital injection by a consortium led by State Bank of India.
 "Withdrawal limit to 'govt bailout': 10 points about Yes Bank's troubles")
Here's the full text of RBI's statement on Yes Bank moratorium
The central bank has appointed former SBI CFO Prashant Kumar as the Yes bank's administrator
 "Here's the full text of RBI's statement on Yes Bank moratorium")
Yes Bank put under moratorium, withdrawals capped at Rs 50,000
The RBI removed Yes Bank's board and appointed Prashant Kumar, a former chief financial officer of the State Bank of India (SBI), as administrator.
 "Yes Bank put under moratorium, withdrawals capped at Rs 50,000")
RBI imposes moratorium on Yes Bank, caps withdrawals at Rs 50,000
Earlier in the day, sources said SBI along with some other financial institutions would bail out capital-starved Yes Bank, with the government giving the go-ahead.
Taxpayers will be 'big casualty' if govt bails out Yes Bank: Macquarie
Over the past few months, YES Bank has struggled to raise capital - nearly $2 billion - it desperately needs to stay above regulatory requirements
 "Taxpayers will be 'big casualty' if govt bails out Yes Bank: Macquarie")
Infuse capital in YES Bank; acquiring it will be disaster: Analysts to SBI
Most analysts believe it is a positive step for the Indian financial sector as the the government has tried to avoid a repeat of IL&FS-like crisis
 "Infuse capital in YES Bank; acquiring it will be disaster: Analysts to SBI")
Govt approves plan for SBI-led consortium to buy stake in YES Bank: Reports
SBI has also been authorised to pick other members of the consortium
YES Bank in talks with mutual funds for raising up to $500 million
If the private bank is able to raise funds in this round, it would get some breathing space
 "YES Bank in talks with mutual funds for raising up to $500 million")
YES Bank trades lower for fourth straight day; stock nears 52-week low
In the last six trading days, the stock has slipped 21 per cent, as compared to 3.4 per cent decline in the S&P BSE Sensex
 "YES Bank trades lower for fourth straight day; stock nears 52-week low")
Misappropriation of funds worth Rs 25,000 crore in DHFL case, says ED
Officials say they've come across a dozen new transactions involving DHFL, Wadhawan brothers
 "Misappropriation of funds worth Rs 25,000 crore in DHFL case, says ED")
Street signs: SBI Cards IPO, ESG funds get stewardship push, and more
Brokers say many wanting get to their hands on the country's second-largest credit card company have bought shares of parent State Bank of India (SBI) from the secondary market in recent weeks.
 "Street signs: SBI Cards IPO, ESG funds get stewardship push, and more")
Hinduja Group, Cerberus Capital may partner to bid for YES Bank stake
The beleaguered Indian lender has been struggling to raise capital for the past few months, amid concerns about the quality of its assets and its exposure to the stressed shadow banking sector
Shree Cement to replace YES Bank in Nifty50 from Mar 27; surges 6%
Analysts, however, do not see any upside in Shree Cement given all the positives are already priced-in.
 "Shree Cement to replace YES Bank in Nifty50 from Mar 27; surges 6%")
Shree Cement pips Dabur and Godrej Consumer to replace Yes Bank in Nifty
Change effective March 27; NSE also moves Vodafone Idea, Indiabulls Housing Finance out of Nifty Next 50, brings in Torrent Pharma, Adani Transmission
 "Shree Cement pips Dabur and Godrej Consumer to replace Yes Bank in Nifty")
Sebi issues show-case notice to 2 former senior executives of CARE Ratings
This is for the alleged interference in rating action of YES Bank and DHFL
 "Sebi issues show-case notice to 2 former senior executives of CARE Ratings")
Market Wrap, Feb 13: Sensex slips 106 pts, Nifty ends at 12,175
Sectorally, Nifty Private Bank index fell around 1.4 per cent to 17,083 levels. Nifty Bank slid 0.8 per cent to 31,230 points. On the upside, pharma and IT stocks advanced the most
 "Market Wrap, Feb 13: Sensex slips 106 pts, Nifty ends at 12,175")