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  Prashant Kumar appointed as new CEO of Yes Bank

  Business | March 14, 2020 16:59 IST

  The 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 | March 14, 2020 16:44 IST

  Federal 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 | March 14, 2020 13:38 IST

  As 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 | March 14, 2020 10:14 IST

  Union 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 | March 13, 2020 19:13 IST

  Mortgage 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 | March 13, 2020 19:05 IST

  Odisha 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 | March 13, 2020 19:50 IST

  Central 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 | March 13, 2020 18:02 IST

  ICICI 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 | March 12, 2020 18:58 IST

  Himachal 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 | March 12, 2020 16:28 IST

  ​The 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 | March 12, 2020 14:30 IST

  Bindu 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 | March 12, 2020 13:53 IST

  More 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 | March 12, 2020 13:59 IST

  SBI 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 | March 11, 2020 21:15 IST

  A 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 | March 11, 2020 20:02 IST

   The 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 | March 11, 2020 18:21 IST

  A 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 | March 11, 2020 16:47 IST

  Shares 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 | March 11, 2020 12:14 IST

  Shares 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.  

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  After Yes Bank crisis, RBL claims it is financially strong, well-capitalized

  Business | March 11, 2020 10:55 IST

  In the aftermath of Yes Bank crisis, Private sector lender RBL Bank on Wednesday said it is "well capitalised" and there is no adverse change in its asset quality. The statement comes in the wake of the Yes Bank crisis, following which stock prices of various banks went sharply down.  

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  Yes Bank crisis: Rana Kapoor's three plush Delhi properties under ED lens

  Business | March 10, 2020 20:38 IST

  Before Yes Bank founder Rana Kapoor could shift his base from India to any foreign country, the Enforcement Directorate (ED) took him in its custody and his plan to sell his three Delhi-based properties amounting over Rs 1,000 crore failed.