The government notified the YES Bank reconstruction scheme last week
RBI Governor Shaktikanta Das on Monday had said the regulator was ready to offer liquidity if required
The YES Bank debacle together with serial abscondings (Lalit Modi, Vijay Mallya, Nirav Modi) and spectacular business busts (IL&FS, DHFL, Jet Airways) has helped Indian business reputation hit a low
IndusInd Bank says its gross non-performing assets in December quarter 2019 stood at 2.18 per cent: lowest among large private sector banks.
On March 5, the RBI had imposed a moratorium on YES Bank, restricting withdrawals to Rs 50,000 per depositor till April 3 in view of its poor financial health due to bad loans
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According to the reconstruction scheme, 75 per cent of the total investment by the bank would be locked in for three years, ICICI Bank said
YES Bank was an accident waiting to happen
On March 5, the Reserve Bank of India (RBI) imposed a moratorium on the troubled private sector lender, including capping withdrawals at Rs 50,000 per depositor.
Zee on Tuesday said it had no borrowings from YES Bank at all
Kapoor is already facing an ED criminal case for receiving alleged kickbacks, through companies purportedly controlled by his family, for going slow on bad loans extended by his bank
Stating that the investors will not regret coming on board a new Yes Bank, he pointed to the massive rise in the share price of the scrips
What's also ailing these stocks and also the banking sector at large, is the dwindling investor confidence created by YES Bank's turmoil
Rs 10K-cr infusion, lock-in and hurried short-covering led to 2.3x surge in the stock
Along with the institutional bondholders, an individual investor -- a cancer survivor -- also moved the court to seek relief on Rs 10 crore exposure to AT-1 bonds
In past three days, more money came to Yes Bank compared to withdrawals as only one-third of customers withdrew Rs 50,000 from their accounts
The bank's gross bad loans by the end of the December quarter swelled to a staggering Rs 40,709.20 crore
Moody's Investors Service lowered India's GDP growth forecast, predicting the coronavirus will hurt the country's economy.
ICICI Bank (down 9 per cent) being the biggest loser and Hindustan Unilever (HUL) -- up around 3.5 per cent -- the biggest gainer
"Our customers will be able to enjoy all services available before the moratorium," said Prashant Kumar at a press conference in Mumbai