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Even though market sentiment has turned against the banking sector currently, its long-term prospects remain strong
YES Bank administrator Prashant Kumar said that the moratorium imposed by the Reserve Bank of India could be lifted before the end of this week
SBI's YES Bank investment raises questions
The Enforcement Directorate has widened its probe in the YES Bank case, taking it beyond loans given to DHFL; it is now looking at the bank's books to see if the Kapoor family received kickbacks
From no level playing field for women at work to YES Bank rescue details, Business Standard brings you the top headlines of the day
Here's a selection of Business Standard Opinion pieces for the day.
Unless quick remedy is stitched up, there's looming threat of YES Bank being forced into SBI's books
Hopeful that moratorium on withdrawal will be lifted by Friday, says bank administrator
The Indian markets suffered their worst single-day rout in five years, with the benchmark indices falling 1,942 points and the rupee breaching 74 against the dollar.
Former RBI governor, Urijit Patel, had said in the aftermath of the blowout at PNB that the banking regulator was better positioned when it came to the oversight of private banks.
The central government, represented by the department of financial services and YES Bank, and the RBI have been included in the petition
If you are paying a personal/home loan or doing SIPs, shift ECS mandate to another bank. It just might make sense to have one account with a nationalised bank
Yes Bank has been put under a moratorium by the RBI till April 3, during which customers are not allowed to withdraw more than Rs 50,000.
S&P Global Ratings on Monday said Shriram Transport Finance Company (STFC) will not be materially affected by the troubles at Yes Bank as the firm's exposure is currently less than 0.5 per cent of its net worth. Earlier in the day, STFC said it has a small exposure of Rs 50 crore to Yes Bank's hybrid securities in the form of upper Tier II bonds. The finance company had made this investment in 2010. Yes Bank has been placed under a moratorium by the RBI and withdrawals have been capped. In a reconstruction plan of the bank, government-owned SBI is likely to pick up 49 per cent stake in the troubled bank. "S&P Global Ratings believes STFC's low exposure to Yes Bank's hybrid securities will shield its financial profile. STFC does not hold any Additional Tier 1 (AT1) capital instruments of the bank," the rating agency said in a release. "Only AT1 instruments are currently envisaged to be permanently written down," it said. However, even if STFC is required to make provision for ..
On the BSE, the stock plunged 16.06 per cent to close at Rs 213.55.
During his custodial interrogation, Kapoor said that he was "threatened and forced by Congress leader Milind Deora to buy the art piece". The agency says that it has evidence to support this claim.
A substantial portion of YES Bank's corporate loans are "bilateral transactions", and fall outside the pale of consortium lending.
The epicentre of revival will be the effectiveness of the action plan of the new management to recover loans
In all the cases involving failure of banks, it is the common man who has to go through unwarranted stress.