Moreover, SBI's board has given approval for a maximum investment of up to Rs 1,760 crore in YES Bank's FPO
Earlier this week, YES Bank had received approval from the capital-raising committee (CRC) of its board of directors to raise funds through the offering
YES Bank got its board's approval to raise Rs 15,000 crore via FPO to shore up its capital base.
The announcement came after YES Bank said it has received approval from the CRC of the Board of Directors of the Bank for raising funds
All that happened in the markets today
Restates accounts for last three years, but no impact on bottom line
The loan amount is due since October 31, 2019, along with further interest and cost due to the secured creditor from the borrower and mortgager
Replicating success in terms of investor demand and premium pricing may be tough as lenders prepare for mega fundraising
YES Bank has Rs 8,000-crore exposure to Essel Group
The RBI's draft code on governance is seen as being out of kilter even though well-intentioned, reports Raghu Mohan
Ready to invest at Rs 12-15 per share, a 50 per cent discount to current market price
Also exempts shareholders in companies such as IL&FS pursuant to NCLT order, those whose land is being regularised in Delhi
The sale of immovable assets is under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act, 2002
The RBI has to impose restrictions on lending and withdrawal activities before it can frame a revival scheme for commercial and co-operative banks, according to the previous law
The Wadhawans, now arrested, have challenged the Bombay High Court's May 12 order rejecting their plea for pre-arrest bail.
The Delhi HC has directed the RBI and the Centre to explain as to how the depositors of scam-hit Punjab and Maharashtra Cooperative Bank are "differently circumstanced" in comparison to Yes Bank
The SGX Nifty was up around 60 points at 7:30 AM, and was indicating an open above 10,300 levels for the Nifty today
Co-operative banks need intervention at multiple levels
11 others named too in chargesheet filed under PMLA
While the bank has adequate liquidity for coupon payment as per Basel guidelines coupon is not payable if the CRAR is below the regulatory requirement