Yes Bank resumes full banking services
Business | March 18, 2020 18:32 ISTCrisis-hit Yes bank on Wednesday resumed full banking services. The bank's 1132 branches across India are now open for its customers.
Crisis-hit Yes bank on Wednesday resumed full banking services. The bank's 1132 branches across India are now open for its customers.
A stock broker was arrested along with his brother-in-law and a friend for allegedly concocting a story about the robbery of his BMW car here four days ago, the Noida police said on Wednesday. The BMW car, which had a loan of over Rs 40 lakh pending on it, has also been recovered, the police said.
Yes Bank will resume full banking services from 6 pm on today onwards.
Crisis-hit private lender Yes Bank, on which Reserve Bank of India (RBI) had imposed a moratorium, will resume full banking services from the day after 6 pm.
State Bank chairman Rajnish Kumar on Tuesday said the country's largest lender that owns close to 43 per cent in Yes Bank now will not sell a single share before that mandated three-year lock-in period, and that he's, in fact, keen to approach the board for hiking the holding to 49 per cent.
The ED has filed a fresh money laundering case against Yes Bank promoter Rana Kapoor and his wife for allegedly obtaining Rs 307 crore bribe from a realty firm routed through the purchase of a bungalow in Lutyens' Delhi at half the market price, officials said on Tuesday.
DHFL promoters Kapil and Dheeraj Wadhawan on Tuesday skipped appearing before the Enforcement Directorate (ED) in connection with a money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said.
Yes Bank CEO-designate Prashant Kumar on Tuesday said there are absolutely no worries on the liquidity front and that complete operational normalcy would be restored from 6 pm on Wednesday.
Stocks of the crisis-hit Yes Bank have surged over 60 per cent, a day after Moody's upgraded its outlook for the bank and the Reserve Bank Governor assured that the bank's revival plan is credible bank and it may infuse more liquidity if required.
In a circular sent to all its members, the BSE said the BSE S&P Index Committee has decided to remove Yes Bank from all the S&P BSE indices with effect from this Friday, March 20.
Industrialist Subhash Chandra has been summoned by the Enforcement Directorate in connection with the Yes Bank money laundering case.
Mortgage lender HDFC will pick up 7.97 per cent stake in Yes Bank for a Rs 1,000 crore capital infusion in the cash-strapped lender.
A special court here on Monday extended till March 20, the Enforcement Directorate (ED) custody of Yes Bank co-founder Rana Kapoor, arrested on money laundering charges.
Reserve Bank of India (RBI) governor Shaktikanta Das is holding a press conference as market mayhem continues due to concerns coronavirus (Covid-19) pandemic. RBI Governor Press Conference LIVE: Shaktikanta Das speaks on Yes Bank:
In a massive relief for customers, crisis-hit Yes Bank on Monday announced that its all banking operations - banking and digital services would resume after 6 pm from March 18, 2020.
Shares of Yes Bank on Monday jumped sharply by over 58 per cent after the union cabinet on Friday approved reconstruction scheme for the stressed lender.
Reliance Group Chairman Anil Ambani has been summoned by the ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said on Monday.
Troubled private lender Yes Bank will be dropped from benchmark index Nifty 50, banking index Nifty bank and other Nifty indices from March 19, NSE Indices said on Monday.
IDFC First Bank on Sunday said it will make an equity investment of Rs 250 crore in beleaguered Yes Bank to acquire 25 crore equity shares.
Crisis-hit Yes Bank reported on Saturday a loss of Rs 18,564 crore for the December quarter. The bank, which has been put under moratorium by the government last week, had reported a net profit of Rs 1,000 crore in the year-ago period and a loss of Rs 629 crore in the preceding September quarter.
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