Under the reconstruction scheme, SBI is to buy up to 49 per cent of YES Bank and cannot reduce its holding below 26 per cent for the next three years
For an investor through the systematic investment plan route, timing does not matter so much
Investors making a brouhaha about the proposed write-down of their AT-1 bond investment is nothing but an unethical attempt by these investors to subvert the regulatory process, writes Sudarshan Sen
Fund managers should not have ignored AT-1 bond risks
Directors should be chosen like the way regulators approve the choice of CEOs and statutory auditors under the joint purview of the Sebi and the RBI
SBI said its shareholding in Yes Bank will remain within 49 per cent of the paid up capital of the private lender and following the fund infusion, it will pick up 725 crore shares
The replacement has been done on account of non-availability of future and options contracts in Yes Bank shares, NSE Indices said in a statement.
Himachal Pradesh Chief Minister Jai Ram Thakur informed the Assembly that more than Rs 1,900 crore belonging to the state government and people in the state are stuck in Yes Bank
Corporate groups with a large dependency on the bank could face a longer period of disruption.
Former Yes Bank founder, Rana Kapoor's wife, Bindu was a director in the main investment and holding companies associated with Rana Kapoor, including Morgan Credits, YES Capital
As many as 44 companies belonging to 10 large business groups reportedly accounted for bad loans of Rs 34,000 crore of YES Bank
The look out circular (LOC) was issued against all these seven accused to prevent any attempts to leave the country, the officials said
The special court under the Prevention of Money Laundering Act granted an extension to keep Rana Kapoor under custody till March 16
The first-of-its-kind move will mark the activation of RBI's ironclad November 4, 2019 guidelines on the compensation
State Bank of India's bonds see 130 basis points jump in yields since Friday
Nearly Rs 1,500 crore worth of bids in the IPO have come from YES Bank accounts
The results assume significance in the backdrop of recent developments that saw the Reserve Bank of India supersede the board of directors of YES Bank and appointed Prashant Kumar as the administrator
Crisis-ridden Yes Bank was put under a moratorium last week, with the RBI capping withdrawals at Rs 50,000 per account and superseding its board.
From Gujarat HC's notices over surcharge imposition to IndiGo's profit warning, here are the top 10 business stories for the day
JC Flowers, Tilden, Cerberus ask SBI to prepare a clean-up plan