Page 35 - Yes Bank

YES Bank rescue plan: How brokerages have interpreted the proposals

Macquarie has suggested that taxpayers will the biggest casualty in the government-approved bailout plan for YES Bank

Yes Bank customers 'sensed trouble', withdrew Rs 18,110 cr in 2018

The difference in deposits between March 2019 to September 2019, reflects withdrawals to the tune of Rs 18,110 crore

Congress asks Modi to explain 'sinking banks', not divert attention

"Prime Minister, you need to tell the nation what is the BJP's connection to the Yes Bank and its owner," Randeep Surjewala asked.

ED investigating big loans issued by Yes Bank, Kapoor's foreign assets

A dozen alleged shell firms, Kapoor family investments of Rs 2,000 crore and over Rs 4,500 crore worth of transactions are under the scanner of the agency at present.

PhonePe partners with ICICI Bank, to continue alliance with Yes Bank

While PhonePe declined to comment on the banks it is in talks with, sources said PhonePe is engaged in dialogue with State Bank of India, HDFC Bank, Axis Bank and RBL Bank.

Meet Prashant Kumar, SBI veteran asked to steer Yes Bank in rough seas

Kumar's mettle was tested in field while leading Kolkata circle as chief General Manager and as general manager in erstwhile Maharashtra and Goa circle.

Hopeful of moratorium being lifted this week: Yes Bank administrator

The bank, which had over Rs 2.09 lakh crore in deposits, was put under moratorium last Thursday due to an inability to raise capital. Its board was superseded and Kumar was placed as the administrator

Yes Bank may resume normal operations by Friday, says Prashant Kumar

RBI on Thursday took control of Yes Bank, after the lender - which is laden with bad debts - failed to raise the capital it needs to stay above mandated regulatory requirements.

Yes Bank crisis: Working to restore all services soon, says Kumar

Before the RBI action, YES Bank had deferred announcement of its earnings for the 3rd quarter of 2019-20 to March 14 or before. "I think we are going to declare our results on March 14th," Kumar said.

Top business headlines: ONGC m-cap plunges, crude oil dives, and more

Indian stocks on Monday recorded their worst single-day fall in more than four years, tracking global markets.

YES Bank stock ends 32% higher on rescue plan; SBI to pick 49% stake

"YES Bank has 255 crore shares of Rs 2 per share. SBI will be issued 245 crore shares at a price of Rs 10 per share for Rs 2,450 crore," SBI said in a press release.

Yes Bank rescue: India's TARP moment?

Why did the Reserve Bank have to take the moratorium route to sew the deal? Why now?

YES Bank insolvency may tighten credit markets, widen economic pain: S&P

S&P Global Ratings on Monday said quick resolution of Yes Bank's insolvency will keep India's banking sector contagion at bay, but as credit markets tighten there could be a possibility of wider economic pain in the country. The Reserve Bank last week imposed a moratorium on the capital-starved Yes Bank, capping withdrawals at Rs 50,000 per account and superseding the board of the private sector lender with immediate effect. Following this, country's largest lender State Bank of India (SBI) on Saturday said it will invest Rs 2,450 crore in the troubled private sector bank against 245 crore shares. "The Indian government is working with the SBI to inject capital into Yes Bank, a troubled private-sector bank with 1.8 per cent of the country's bank deposits (as of March 31, 2019). "Quick resolution of Yes Bank's insolvency will keep India bank-sector contagion at bay, though it poses pain for investors in bank hybrid securities. As credit markets tighten, we also see a possibility of

YES Bank: Anmi urges RBI to consider exempting capital market transactions

The development comes after YES Bank on Thursday was put under a moratorium, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board

YES Bank debt writedown to raise borrowing cost, hit sector capital-raising

RBI said it would work on a revival plan, as part of which bonds classified as AT1 capital will be written down "permanently, in full"

YES Bank rescue plan may cause wider economic pain in the country, says S&P

The risk premiums for AT1 instruments of private sector banks in India will spike in the aftermath of the Yes Bank bailout according to the rating agency

Banking stocks slide to 13-month low amid fallout from YES Bank crisis

YES Bank, weighed down by an increasing pile of bad debt, had struggled for months to raise the capital it needs to stay above regulatory requirements, without any success

We do not hold any additional tier I bonds of YES Bank: Shriram Transport

The company further noted that "the company had invested in Upper Tier II Bonds of Yes Bank Ltd of Rs 50 crores in the year 2010 and the same are outstanding as on date"

YES Bank scam: CBI carries out searches at 7 locations on bribery charges

Teams of CBI officers are carrying out operations at the residence and official premises of the accused in Mumbai

Rana Kapoor to face Mumbai court after arrest in money laundering case

Former YES Bank MD & CEO Rana Kapoor was grilled by the ED for several hours on Saturday, and searches were conducted at his and his daughters' houses