• 

  PhonePe suffers outage after Yes Bank put under moratorium

  Business | March 06, 2020 13:09 IST

  The Payments firm PhonePe suffered an outage in its services on Thursday after its banking partner Yes Bank was placed under a moratorium by the government.

• 

  NSE puts restrictions on Yes Bank shares in various segments

  Business | March 06, 2020 12:08 IST

  The categories placed under restriction include debt, securities lending and borrowing scheme, currency derivatives, commodity derivatives, futures and options, as per notification by NSE.

• 

  Who is Prashant Kumar, Yes Bank's newly appointed administrator

  Business | March 06, 2020 11:55 IST

  Former SBI's chief financial officer, Prashant Kumar has been appointed as the new administrator of Yes Bank after a moratorium has been imposed by the RBI on the bank and withdrawal limit to its customers has been capped at Rs 50,000. Kumar's appointment has been made by the RBI.

• 

  Yes Bank resolution will be done very swiftly; 30 days is outer limit: RBI Governor

  Business | March 06, 2020 13:37 IST

  RBI Governor Shaktikanta Das on Friday said that the Yes Bank resolution will be done very swiftly and 30 days is the outer limit.

• 

  Moratorium on Yes Bank credit negative: Moody's

  Business | March 06, 2020 10:42 IST

  The Reserve Bank on India's moratorium and withdrawal cap on Yes Bank is credit negative, and the lack of coordinated action action highlights continued uncertainty around bank resolutions, Moody's Investors Service said on Friday.  

• 

  Yes Bank shares nosedive 25 per cent; other banks plunge too

  Business | March 06, 2020 10:31 IST

  Yes Bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment. The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender.

• 

  Explained: Yes Bank crisis and what it means for depositors and its impact

  Business | March 06, 2020 16:12 IST

  Yes Bank Crisis: In a rare move, the capital-starved Yes Bank was placed under a moratorium on Thursday, with the the central bank capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board. Know what it mean for depositors and its impact

• 

  Are our savings safe, asks Owaisi after Yes Bank withdrawal limit capped at Rs 50,000

  India | March 06, 2020 10:10 IST

  AIMIM chief Asaduddin Owaisi has hit out at the Centre after RBI imposed a moratorium on Yes Bank, capping withdrawal limit to Rs 50,000 asking are our savings safe from banks.

• 

  RBI caps withdrawal limit from Yes Bank to Rs 50,000

  News | March 06, 2020 11:21 IST

  Reserve Bank of India (RBI) has put Yes Bank under moratorium and capped its withdrawal limit to Rs 50,000 for its account holders per month. Board of Directors has been superseded for period of 30 days.

• 

  RBI sets Rs 50000 withdrawal limit on Yes Bank accounts

  News | March 06, 2020 11:24 IST

  The government restricted withdrawal from capital starved Yes Bank at Rs 50,000 in the next one month. This restriction will remain till April 3, 2020.

• 

  SBI Board gives 'in-principle' approval for investment in Yes Bank

  Business | March 06, 2020 6:51 IST

  The SBI board has given the largest lender an "in-principle" approval to invest in the capital-starved Yes Bank. The central board of SBI discussed the matter at a meeting on Thursday, it informed the exchanges.

Advertisement
• 

  Yes Bank takeover: What you should know

  Business | March 05, 2020 23:21 IST

  The Reserve Bank on Thursday imposed a moratorium on the capital-starved Yes Bank and capped withdrawals at Rs 50,000 per account till further orders

• 

  RBI takes over Yes Bank Board, withdrawal limit set to Rs 50,000

  Business | March 05, 2020 22:22 IST

  Yes Bank: RBI has superseded Board of Directors of Yes Bank. RBI has appointed former State Bank of India Chief Financial Officer Prashant Kumar as administrator for the bank.

• 

  RBI caps withdrawals in Yes Bank at Rs 50,000

  Business | March 05, 2020 21:09 IST

  The Reserve Bank of India (RBI) on Thursday imposed a moratorium on withdrawals at Yes Bank, as it capped withdrawals at Rs 50,000

• 

  Govt approves SBI's plan to buy Yes Bank stake: Report

  Business | March 05, 2020 13:05 IST

  Cash-starved Yes Bank may be rescued by country's largest lender State Bank of India-led consortium as reports suggest that the government has approved a plan in this regard to save the bank from sinking.

• 

  Yes Bank dropped Nifty 50 Mar 27 Shree Cement to move in

  Business | February 18, 2020 18:48 IST

  Shree Cement will replace private lender Yes Bank in the benchmark index Nifty 50 from March 27, NSE Indices, a subsidiary of the National Stock Exchange (NSE), said on Tuesday.

• 

  Yes Bank sells over 15 lakh shares of SICAL Logistics

  Business | January 30, 2020 21:39 IST

  Yes Bank on Thursday said it has sold more than 15 lakh shares, constituting 2.68 per cent of equity stake, of SICAL Logistics in various tranches. The shareholding of Yes Bank in SICAL Logistics has come down to 5.49 per cent post sale of the 15.66 lakh shares, according to a regulatory filing.

• 

  Yes Bank crisis: Here's what SBI chairman Rajnish Kumar has to say

  Business | January 23, 2020 13:57 IST

  Will Yes Bank shut down? Over the past year, several private lenders including Yes Bank are under financial stress. Speaking on ongoing Yes Bank 'deep' financial crisis, State Bank of India chairman Rajnish Kumar said YES Bank ‘will not be allowed to fail’.

• 

  Yes Bank shares continue to fall, drop nearly 2 pc

  Business | January 17, 2020 17:28 IST

  Shares of Yes Bank closed the day nearly 2 per cent lower on Friday after Moody's Investors Service placed the company's long-term foreign currency issuer rating of B2 under review, with the direction uncertain.

• 

  Moody's places Yes Bank's ratings under review; direction uncertain

  Business | January 17, 2020 12:51 IST

  Moody's Investors Service has placed Yes Bank's long-term foreign currency issuer rating of B2 under review, with the direction uncertain, citing "slowness in raising new capital". "The placing of Yes Bank's deposit rating of B2 under review reflects Moody's expectation that the bank's standalone viability is getting increasingly challenged by its slowness in raising new capital," the US-based agency has said in a statement.