Yes Bank crisis: What was affected on March 6

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The Reserve Bank of India (RBI) has come out with a  "scheme of reconstruction" for the crisis-ridden Yes Bank, which was placed on moratorium with withdrawal limit capped at Rs 50,000. The central bank today said the State Bank of India (SBI) has expressed willingness to invest in crisis-ridden Yes Bank.

Yes Bank Crisis Highlights:

10:00 pm: Additional tier-I bondholders to be hit by Rs 10,800 cr if Yes Bank restructuring goes through

9:41 pm: Asset management companies are staring at a Rs 3,345.48-crore hole in their books with their exposure to the equity and bonds of Yes Bank.

7:00 pm: Icra downgrades bonds worth Rs 52,612 crore

6:30 pm: SBI to pick up 49 percent stake in Yes Bank

6:20 pm: Moody's downgrades Yes Bank's ratings; ratings remain under review: Statement.

5:09 pm: Attempts to get equity into Yes Bank did not materialise, says FM giving background of RBI action against lender

5:08 pm: Investigating agencies too found irregularities in Yes Bank: FM on what went wrong in Yes Bank

5:07 pm: RBI sought change in Yes Bank management after finding risky credit decision, says FM

5:05 pm: RBI monitoring Yes Bank since 2017; noticed governance issues, weak compliance, wrong asset classification, says Sitharaman. 

5:04 pm: SBI has expressed willingness to invest in Yes Bank, says RBI

5:03 pm: Strategic investor bank cannot reduce its holding in Yes Bank below 26 pc before 3 years: RBI.

5:00 pm: RBI unveils 'Scheme of Reconstruction' for crisis-ridden Yes Bank. RBI says Yes Bank's capital stands altered at Rs 5,000 crore; strategic investor bank will bring in 49 pc equity.

3:40 pm: Yes Bank shares tank over 55 percent, Sensex down by almost 900 points

3:26 pm: Nippon India Mutual Fund says it has marked down the value of its investments to zero in bonds issued by troubled private sector lender Yes Bank. In addition, the fund house has imposed a limit of Rs 2 lakh on fresh inflows into the impacted schemes till further notice, Nippon India MF said in a statement. This limit is imposed only on the new applications, switch-ins, systematic transfer plans and systematic investment plans received after March 5, it said.

3:00 pm: Finance Minister Nirmala Sitharaman to brief media on Yes Bank Crisis at 4.30 pm today

2.58 pm: Investors lost Rs 3.85 lakh crore on Friday as the BSE barometer Sensex plummeted over 1,400 points led by massive selloff in banking, metal and energy stocks.

2:00 pm: Security at Yes Bank headquarters, its branches and ATMs across Mumbai has been tightened to avert any untoward incident, as hundreds of account holders of the crisis-hit private lender rush to withdraw money.

1:48 pm: "This is not a sectoral problem. It is a bank-specific problem. RBI will take all steps to ensure financial stability," SBI chief Rajnish Kumar says.

1:50 pm: "Chacha-Bhatija" were given loans by Congress, Sitharaman says

01:37 pm: I want to assure every depositor's money is safe, and I’m in constant touch with RBI, says Finance Minister Nirmala Sitharaman

01:36 pm: RBI governor has assured me there will be no loss to any Yes Bank depositor: FM Nirmala Sitharaman

01:01 pm: Panic on D-Street as Yes Bank share price drops 70 per cent; RBI Guv says 'don't panic'

01:00 pm: Reserve Bank of India and State Bank of India have assured Yes Bank depositors that their money is safe and there is no need to panic. “The resolution (to Yes Bank) will be done very swiftly, it will be done very fast. 30 days which we have given is the outer limit. You will see very swift action from RBI,” Das told reporters.

12:50 pm: Yes Bank customers are facing issues in accessing net banking services since last night as thousands of customers of the troubled bank struggle to transfer funds or check any bank account details online.

12:47 pm: Defending the timing of Yes Bank's moratorium, Reserve Bank of India governor Shaktikanta Das on Friday assured swift resolution to the issues concerning the beleaguered lender. “The resolution (to Yes Bank) will be done very swiftly, it will be done very fast. 30 days which we have given is the outer limit. You will see a very swift action from RBI,” Das said. 

12:44 pm: Chief Economic Advisor Krishnamurthy Subramanian on Friday said all options are under consideration for restructuring Yes Bank and assured that depositors' money is safe. His remarks come a day after the cash-starved lender was placed under a moratorium, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board with immediate effect.

12:42 pm: "No Yes Bank," Congress leader Rahul Gandhi said on Friday, taking a dig at the BJP-led government over the moratorium placed on Yes Bank, and alleged that Prime Minister Narendra Modi and his "ideas" had destroyed the country's economy.

12:38 pm: The Reserve Bank of India (RBI) will soon come out with a scheme to revive the capital-starved Yes Bank, RBI Governor Shakti Kanta Das said on Friday

Also Read | Yes Bank ATMs across several cities run out of cash

Also Read | SBI Chairman meets Sitharaman over Yes Bank issue