Dish TV has also claimed that it "is unaware of the details of the investigation" and appears from the notice that it relates to an FIR registered in the year 2020
Among sectoral indices, the BSE Realty index plunged 2.5 per cent. The Bankex, Healthcare and Telecom indices were down over a per cent each
Yes Bank's asset quality has deteriorated only modestly while its capital has remained stable
The rating action is because of substantial improvement in funding and liquidity position
YES Bank had sought to appoint its nominees in the Annual General Meeting of shareholders scheduled for September 27th which was postponed to November 30th
Stock market LIVE: The BSE Midcap and Smallcap indices gained 0.6 per cent and 1.1 per cent, respectively. Realty and auto shares rallied, while metal stocks declined in trade on Tuesday
Sharma is a career banker with 40 years of experience in the banking industry
Yes Bank owns 26 per cent stake in Dish TV while the promoters Jawahar Goel and family own 6 per cent stake.
The lender will finalise partner ARC in 60 days, transfer NPA by March-end
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Stock market LIVE: Financial shares helped limit the losses, while IT, metal and FMCG shares weighed on the benchmark indices; Midcap, Smallcap indices decline over a per cent each
The bank has made prudent provisioning of Rs 336 crore on a single telecom exposure in the latest quarter
State-run PSU banks are likely to be in focus today as government plans to shore up capital requirement in Q2; Focus will also be on other corporate results
In his book titled 'The Custodian of Trust', Rajnish Kumar said that SBI was reluctant to play the lender of last resort role for YES Bank but circumstances compelled it to rescue the private lender
YES Bank, which holds 26% stake of Dish TV, has sought to remove Rashmi Aggarwal, Bhagwan Das Narang, Shankar Aggarwal and Ashok Kurien from the board of Dish TV besides Jawahar Goel
The Reserve Bank on Thursday approved re-appointment of Amitabh Chaudhry as managing director of private sector Axis Bank for a period of three years. The extended three-year term would be effective from January 1, 2022, Axis Bank said in a regulatory filing. "The Reserve Bank of India vide its letter dated October 14, 2021, has approved the re-appointment of Amitabh Chaudhry as the Managing Director & CEO of the bank, with effect from January 1, 2022 till December 31, 2024," it said. The board of the bank had in April approved the extension of his tenure for further period of three years subject to regulatory clearance.
The lender, which holds 25.93% stake stake in Dish TV, had sought the removal of the firm's directors Jawahar Lal Goel and four others, and appointment of its own nominees
The board of Dish TV "unanimously agreed that EGM cannot be called, as sought by Yes Bank Ltd" to remove its Managing Director Jawahar Goel along with four other directors, besides others
The CBI has filed a charge sheet against former Yes Bank managing director and CEO Rana Kapoor, his wife Bindu and promoter of Avantha Group Company Gautam Thapar
Yes Bank posts 3.6% growth in advances at Rs 1,72,945 cr in Sep quarter