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  Yes Bank shares tank over 55 per cent, Sensex down by almost 900 points

  Business | March 06, 2020 16:59 IST

  Market benchmark Sensex plunged 894 points on Friday following intensifying rout in global stocks on coronavirus concerns, while the regulatory curbs on Yes Bank further soured sentiment.

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  After Yes Bank crisis, Maharashtra govt shuns private banks

  Business | March 06, 2020 16:01 IST

  Against the backdrop of the Yes Bank crisis, the Maharashtra government has decided to only bank with public sector banks, officials said here on Friday

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  Yes Bank crisis: Father tense over money deposited for son's education

  Business | March 06, 2020 15:05 IST

  ​Planning for his son's higher education, Peddi Srinivas deposited money in Yes Bank but with the bank in crisis, he is worried over the impact it may have on his plans.  

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  Yes Bank customers in Delhi, NCR feel the heat

  Business | March 06, 2020 15:00 IST

   With withdrawals from Yes Bank capped at Rs 50,000 per depositor, tension among customers of the crisis-hit bank in Delhi-NCR was evident. Though there were no long queues outside bank premises, but rush inside bank branches was "huge".  

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  Govt's ability to govern financial institutions exposed: Chidambaram

  Business | March 06, 2020 15:06 IST

  Senior Congress leader P Chidambaram hit out at the government on Friday, saying its "ability to govern and regulate financial institutions stands exposed".

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  Investors poorer by Rs 3.85 lakh crore in market selloff

  India | March 06, 2020 14:58 IST

  A sharp plunge in the equity market made investors poorer by 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.

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  Yes Bank Crisis: Are you doing online transactions? These platforms may be hit

  Business | March 06, 2020 14:59 IST

  ​Are you doing online transactions? Chances are that services on some digital platforms might be hit due to the Yes Bank crisis. Here are the digital platforms that are affected, or may take a hit due to the ongoing Yes Bank crisis.

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  Security tightened at Yes Bank branches, ATMs in Mumbai as depositors rush to withdraw money

  Business | March 06, 2020 15:12 IST

  As Yes Bank depositors rush to ATMs on Friday to withdraw cash a day after it was put under a moratorium, security at its branches, ATMs, headquarters across Mumbai was tightened to avert any untoward incident. The RBI has capped a withdrawal limit of Rs 50,000 as Yes Bank's faces capital crunch.

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  No need to panic, funds of Yes Bank depositors to remain safe: CEA Subramanian

  News | March 06, 2020 16:18 IST

  After Reserve Bank of India placed Yes Bank under a month-long moratorium, Chief Economic Advisor of India, Krishnamurthy Subramanian, said that depositors' funds will remain safe, and they need not to panic.

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  No F&O contracts for Yes Bank from May 29: BSE, NSE

  Business | March 06, 2020 14:32 IST

  Leading stock exchanges BSE and NSE on Friday decided to drop Yes Bank from Futures and Options segment from May 29. The existing Futures and Options contracts across all expiries will expire on May 28. 

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  Expect 'swift action' by RBI to revive Yes Bank: Governor Shaktikanta Das

  News | March 06, 2020 17:21 IST

  After Reserve Bank of India placed Yes Bank under a month-long moratorium, Governor Shaktikanta Das said that people can expect "swift action" by the central bank to revive the private lender

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  Chacha-Bhatija given loans by Congress: FM Sitharaman on Yes Bank crisis

  Business | March 06, 2020 14:32 IST

  "Chacha-Bhatija" were given loans under Congress rule, Union Finance Minister Nirmala Sitharaman said in a jibe on Friday as she spoke about the crisis in Yes Bank.

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  Want to assure every depositor's money is safe: Sitharaman on Yes Bank crisis

  Business | March 06, 2020 14:09 IST

  Finance Minister Nirmala Sitharaman on Yes Bank crisis Friday said that the RBI Governor has assured her there will be no loss to any Yes Bank depositor, a day after the central bank imposed a moratorium on the banking institution.

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  'No Yes Bank,' says Rahul, accuses government of 'destroying' economy

  Business | March 06, 2020 13:50 IST

  "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.

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  Yes Bank problem bank-specific, not sectoral: SBI chief Rajnish Kumar

  Business | March 06, 2020 13:44 IST

  A day after the RBI superseded the board of India's fourth-largest private sector lender Yes Bank, State Bank of India (SBI) Chairman Rajnish Kumar on Friday said the problem at hand is lender-specific and not sectoral.  

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  Complete regulatory failure: P Chidambaram slams govt over Yes Bank crisis

  Business | March 06, 2020 13:34 IST

  Senior Congress leader and former Finance Minister P Chidambaram has hit out at the Centre over Yes Bank crisis accusing the government of a complete regulatory failure. Chidambaram's statement has come after Yes Bank was put under moratorium and depositors withdrawal limit was capped at Rs 50,000.

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  Equity indices plunge on weak global cues, Yes Bank cracks by 30 pc

  News | March 06, 2020 14:51 IST

  Equity benchmark indices tumbled during early hours on March 06 after another overnight steep fall on Wall Street with banking stocks seen coming under pressure after the Reserve Bank of India (RBI) placed Yes Bank under a moratorium and took over its board. At 10:15 am, the BSE S-P Sensex was down by 1,036 points or 2.69 per cent to 37,435 while the Nifty 50 dived by 306 points or 2.72 per cent at 10,963. All sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank down by 5 per cent, private banks by 4.5 per cent, metal by 4.2 per cent and realty by 3.8 per cent. Among stocks, Yes Bank crashed by 29.89 per cent to Rs 25.80 per share after the RBI said it is superseding the board of troubled private sector lender with immediate effect.

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  Yes Bank crisis: What was affected on March 6

  Business | March 06, 2020 23:46 IST

  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.

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  Yes Bank ATMs across several cities run out of cash

  India | March 06, 2020 13:12 IST

  After RBI capped withdrawal limit of Rs 50,000 on Yes Bank's depositors, people were witnessed queuing up outside Yes Bank ATM's across cities as many of them have run out of cash. The National Stock Exchange (NSE) has also imposed restrictions on Yes Bank shares in various segments, including futures and options.

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  SBI Chairman meets Sitharaman over Yes Bank issue

  Business | March 06, 2020 13:38 IST

  SBI Chairman Rajnish Kumar on Friday arrived in Parliament to meet Finance Minister Nirmala Sitharaman to discuss the Yes Bank issue.