Yes Bank
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IDFC First to invest Rs 250 cr in Yes Bank
Business | Mar 15, 2020, 03:10 PM ISTIDFC 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.
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Yes Bank reports Rs 18,564-cr loss for Dec quarter
Business | Mar 14, 2020, 11:51 PM ISTCrisis-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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Prashant Kumar appointed as new CEO of Yes Bank
Business | Mar 14, 2020, 04:59 PM ISTThe central government has appointed former SBI banker Prashant Kumar as the new Chief Executive Officer of the financially troubled Yes Bank.
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Federal Bank to invest Rs 300 crore in Yes Bank
Business | Mar 14, 2020, 04:44 PM ISTFederal Bank on Saturday said it has committed to investing Rs 300 crore in beleaguered Yes Bank for subscription of its 30 crore shares. "The Bank has issued an Equity commitment Letter to invest Rs 300 crore in YES Bank Ltd for subscription of 30 crore equity shares of Yes Bank at a price of Rs 10 per Equity share," a regulatory filing said.
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Bandhan Bank to invest Rs 300 crore in Yes Bank as part of reconstruction plan
Business | Mar 14, 2020, 01:38 PM ISTAs part of Yes Bank's reconstruction plan, private sector Bandhan Bank said it will invest Rs 300 crore in Yes Bank reconstruction plan for the crisis-hit lender.
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Yes Bank crisis: Moratorium to be lifted on March 18, rescue plan notified
Business | Mar 14, 2020, 10:14 AM ISTUnion Finance Minister Nirmala Sitharaman said the moratorium on Yes bank will be lifted within 3 days of the notification and a new board, having at least 2 directors of SBI, will take over within 7 days of the issuance of notification.
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HDFC to invest Rs 1,000 cr in Yes Bank
Business | Mar 13, 2020, 07:13 PM ISTMortgage lender HDFC Ltd will invest Rs 1,000 crore into cash-strapped Yes Bank for an equity stake as per the RBI-mandated reconstruction scheme for the troubled lender.
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Odisha House panel to probe why Lord Jagannath's money is in Yes Bank
India | Mar 13, 2020, 07:05 PM ISTOdisha Assembly Speaker S N Patro on Friday announced the formation of a House committee to probe into the circumstances under which Lord Jagannath's Rs 545 crore was deposited in the crisis-hit Yes Bank.
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Yes Bank: CBI registers case against founder Rana Kapoor
India | Mar 13, 2020, 07:50 PM ISTCentral Bureau of Investigation (CBI) has filed a case against Rana Kapoor, former Managing Director and CEO of Yes Bank. Rana Kapoor is also the founder of Yes Bank.
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ICICI Bank approves Rs 1,000 crore investment in Yes Bank
Business | Mar 13, 2020, 06:02 PM ISTICICI approves Rs. 1,000 crore investment in Yes Bank. Shares of Yes Bank on Friday rose by 2 per cent after State Bank of India (SBI) said it will infuse Rs 7,250 crore into the crippled private sector lender. The stock surged 9.98 per cent to Rs 27.55 on BSE in day trade before closing at Rs 25.55, showing gains of 2 per cent
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32,000 Himachal accounts in Yes Bank with Rs 1,909 crore deposits
Business | Mar 12, 2020, 06:58 PM ISTHimachal Pradesh Chief Minister Jai Ram Thakur on Thursday said that Yes Bank had 32,000 accounts in the state with deposits of Rs 1,909 crore, which included those of some government agencies.
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SBI board okays share purchase in Yes Bank for Rs 7,250 crore
Business | Mar 12, 2020, 04:28 PM ISTThe State Bank of India (SBI) on Thursday said that its Executive Committee of Central Board (ECCB) has approved the purchase of 725 crore shares in Yes Bank at Rs 10 per share, which adds up to an investment of Rs 7,250 crore.
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Bindu Rana Kapoor was director in 42 companies, some named in CBI FIR
Business | Mar 12, 2020, 02:30 PM ISTBindu Rana Kapoor was a director in at least 42 companies, many of them investment companies, data accessed shows, some of whom have been named in the FIR registered by the CBI for receiving kickbacks to the tune of Rs 600 crore from DHFL as a builder loan.
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Over Rs 1,900 crore of state govt, people stuck in collapsed Yes Bank: Jairam Thakur
India | Mar 12, 2020, 01:53 PM ISTMore than Rs 1,900 crore belonging to the Himachal Pradesh government and people in the state are stuck in the collapsed Yes Bank, Chief Minister Jai Ram Thakur informed the Assembly on Thursday.
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SBI Cards IPO: Yes Bank customers' may not get SBI Card IPO shares allotment; Here's why
Business | Mar 12, 2020, 01:59 PM ISTSBI Cards IPO: Troubles for depositors' of crash-strapped Yes Bank has not ended yet as among many hits could be investors who have applied for SB Cards IPO. Investors who have applied for SBI Cards’ initial public offering (IPO) will be given an allotment of the shares with the condition.
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Yes Bank crisis may jeopardise ISKCON's mid-day meal programme
Business | Mar 11, 2020, 09:15 PM ISTA senior ISKCON official on Wednesday said the Yes Bank crisis may adversely affect mid-day meals of lakhs of underprivileged children who are fed by the organisation through its "Annamrita" wing.
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ICAI to review Yes Bank's financial statements
Business | Mar 11, 2020, 08:02 PM ISTThe Financial Reporting Review Board (FRRB) of the Institute of Chartered Accountants of India (ICAI) would take up the review of general-purpose financial statements of Yes Bank for 2017-18 and 2018-19.
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Yes Bank founder Rana Kapoor's ED custody extended till Mar 16
Business | Mar 11, 2020, 06:21 PM ISTA special court on Wednesday extended till March 16 the Enforcement Directorate (ED) custody of Yes Bank founder Rana Kapoor, arrested on money laundering charges.
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Yes Bank shares rally in 2nd consecutive session, up over 35 percent
Business | Mar 11, 2020, 04:47 PM ISTShares of Yes Bank continued to gain for the second consecutive session on Wednesday, rallying over 35 per cent, as investor sentiment turned positive after SBI said it will buy 49 per cent stake in the cash-strapped lender.
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Yes Bank shares rally in 2nd consecutive session, up 28 per cent
Business | Mar 11, 2020, 12:14 PM ISTShares of Yes Bank continued to gain for the second consecutive session on Wednesday, rallying up to 28 per cent, as investor sentiment turned positive after SBI said it will buy a 49 per cent stake in the cash-strapped lender. The scrip spiked up to 28 per cent to Rs 27.20 on the BSE. On the NSE, it jumped by similar margins to Rs 27.20.