Agency said downgrade has factored in specific features of the instrument where debt servicing is linked to meeting regulatory norms on capitalisation, i.e., CAR of 9%
All that happened in the markets today
YES Bank Chairman Sunil Mehta spoke to Abhijit Lele and Pavan Lall about resetting the bank's strategy and corporate governance in banking, and what banks were to do to recover money.
The issue, to be managed by SBI Caps, will be launched at a substantial discount to the current market price to attract investors.
The private lender had approached banking sector regulator RBI seeking approval to pay interest due as on June 29, 2020 for Upper Tier II Bonds
All that happened in the markets today
The Indian markets are likely to start this week on a flat note with a negative bias, on the back of similar trend in global indices
The bank is likely to file for its offer document soon after the board clears the fundraising plan.
All that happened in the markets today
The FPIs are in advanced talks with an Indian bank to act as a custodian.
Madhu Kapur in her suit had sought various reliefs including recognition of the family's right to participate in the management of the bank
Probe agency finds irregularities in loans amounting Rs 3,642 crore sanctioned by Yes Bank
From fuel price hikes for the second day in a row to Moody's report on air passenger traffic in 2021, here are the top headlines of the day
The action is part of ED's probe in a case involving half a dozen YES Bank borrowers with total loan claims of about Rs 30,000 crore
The ratings are underpinned by the expectation of continued extraordinary systemic support from key stakeholders and sizeable ownership by the SBI, Crisil said
The RBI has conveyed the decision to the IndusInd founders Srichand and Gopichand Hinduja, the people said
The firm said it had borrowings of Rs 3,627 crore from YES Bank, in a disclosure to the stock exchanges
Private sector lender in a statement said the leadership team has taken a conscious and voluntary decision for the restructuring of their compensation package for FY 2020-21
The bank's move to pick up a stake in Dish TV comes following an invocation of pledged shares to the tune of 445.3 mn in the firm, the lender said in a filing to the stock exchanges late on Friday.
The court sent them to jail after no further remand was sought by the central investigating agency