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  Who is Rana Kapoor, founder of now crisis-ridden Yes Bank?

  Business | March 08, 2020 13:08 IST

  The Enforcement Directorate on Sunday arrested Rana Kapoor, the founder of Yes Bank under the charges of Money Laundering. According to the ED, Kapoor was placed under arrest around 3 am under the provision of the Prevention of Money Laundering Act (PMLA) as he was allegedly not cooperating in the probe.

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  Yes Bank debit card holders can withdraw cash from other ATMs: Bank in late night tweet

  Business | March 08, 2020 8:47 IST

  Yes Bank announced late Saturday that its debit cards can be used for withdrawing cash at other bank ATMs also. The move comes after long queues were seen at Yes Bank ATMs and branches and numerous complaints by customers that they were not being able to withdraw any money.

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  Yes Bank founder Rana Kapoor, accused of money laundering, arrested

  Business | March 08, 2020 9:42 IST

  The Enforcement Directorate (ED) arrested Yes Bank founder Rana Kapoor under money laundering charges in the wee hours of Sunday, officials said.

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  Breaking news on March 08

  India | March 08, 2020 23:38 IST

  Indiatvnews.com brings to you breaking news, latest photos and videos from across India and the world on March 08, 2020. HIGHLIGHTS:

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  Yes Bank crisis: BJP govt duped savings of 18 lakh Hindus, says AAP

  India | March 07, 2020 21:05 IST

  Delhi's ruling Aam Aadmi Party on Saturday attacked the Centre for bringing YES Bank to the brink of bankruptcy, saying the self-proclaimed pro-Hindu BJP government duped savings of 18 lakh Hindus.

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  SBI to own 245 cr shares worth Rs 2,450 cr in Yes Bank

  Business | March 07, 2020 19:34 IST

  The State Bank of India (SBI) on Saturday said it will be issued 245-crore shares at a price of Rs 10 each for Rs 2,450 crore in Yes Bank

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  Yes Bank crisis: PayNearby says functioning 'without any disruption'

  Business | March 07, 2020 18:55 IST

  Fintech startup PayNearby, which has a tie-up with Yes Bank to offers cardless and pinless ATM services to customers, on Saturday said its systems are running without any disruptions.

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  Wasn't RBI aware that Yes Bank was on a loan giving spree? asks Chidambaram

  Business | March 07, 2020 16:59 IST

  Yes Bank Crisis: Former Union Finance Minister and veteran Congress leader P Chidambaram lashed out at the government and Reserve Bank of India over Yes Bank crisis. He addressed media on Saturday and questioned RBI's action in preceding years.

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  Yes Bank customers scramble for cash withdrawal at branches, most ATMs run dry

  Business | March 07, 2020 16:06 IST

  Panicked Yes Bank customers were seen queuing up at the bank's ATMs at various locations, but to no avail as as most cash-dispensing machines ran dry, after the Reserve Bank placed the crisis-hit lender under a moratorium. However, many a customers said they were able to withdraw the stipulated amount of Rs 50,000 through cheques at Yes Bank branches.  

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  Rana Kapoor, Yes Bank founder brought to ED's Mumbai office

  Business | March 07, 2020 15:26 IST

  A day after the Enforcement Directorate registered a money laundering case against Yes Bank founder Rana Kapoor and raided his premises, he was taken to the agency's office in Mumbai on Saturday for further questioning.  

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  LIC may be roped in rescue scheme for Yes Bank

  Business | March 07, 2020 15:23 IST

  State-owned insurer Life Insurance Corporation may consider joining RBI efforts to rescue Yes Bank. This can help to increase capital infusion under the draft scheme to rescue Yes Bank designed by the Reserve Bank of India.

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  RMC seeks release of Rs 160 cr Smart City Mission fund in Yes Bank

  Business | March 07, 2020 15:07 IST

  The Rajkot Municipal Corporation has written to the Reserve Bank for the release of the Smart City Mission fund worth about Rs 160 crore stuck in the troubled private sector lender Yes Bank, Gujarat deputy Chief Minister Nitin Patel said on Saturday. 

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  Yes bank crisis: Worried depositors queue up outside Ahmedabad branch

  News | March 07, 2020 14:53 IST

  Yes Bank depositors queued up outside troubled lender's branch on Chimanlal Girdharlal Road in Ahmedabad, criticising the government for capping withdrawal limit at Rs 50,000.

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  SBI rules out merger with crisis-hit Yes Bank

  Business | March 07, 2020 13:26 IST

  SBI chairman Rajnish Kumar on Saturday said that there is no question of a merger with the Yes Bank, as it is evaluating the restructuring draft scheme of the crisis-hit bank.

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  SBI to invest Rs 2,450 crore in Yes Bank: Chairman Rajnish Kumar

  News | March 07, 2020 14:52 IST

  State Bank of India chairman, Rajnish Kumar said that the total quantum of investment in Yes Bank is at Rs 2,450 crore. In a press conference held on March 07, Rajnish Kumar said, "Currently, there are 25 percent shares outstanding and as per the draft scheme, SBI can take up to 49 percent. The only requirement is locking 26 percent for three years. Anything above 49 percent will depend on investors. The total quantum of investment in Yes Bank is at Rs 2,450 crore." Reserve Bank of India imposed a month-long moratorium on Yes Bank citing 'serious deterioration in its financial position' on March 05, and capped withdrawal limit at Rs 50,000.

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  Yes Bank crisis: SBI may invest upto Rs 2,450 crore as it evaluates restructuring plan

  Business | March 07, 2020 12:10 IST

  SBI Chairman Rajnish Kumar on Yes Bank crisis Saturday said that a plan has been received by SBI and the legal team is working on the plan. We had informed through the stock exchange that SBI board has given in-principle approval of exploring the possibility of picking up a stake of upto 49% in the crisis-hit bank.

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  Yes Bank's public shareholders lose Rs 7,000 crore post RBI takeover

  Business | March 07, 2020 10:36 IST

  Public shareholders of Yes Bank faced bigger losses on the RBI's latest action on the private sector lender with Friday's stock price of Rs 16.60, meaning that their stake value now stands at Rs 3,880.91 crore against Rs 10,976.82 crore in December 31, a loss of Rs 7,092 crore and it could be more if the stock price is hammered more in coming days.

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  PhonePe restores card, wallet payments on mobile app after Yes Bank crisis

  Business | March 07, 2020 10:33 IST

  PhonePe has restored its payments services for transactions made using debit and credit cards and through its wallet on its mobile app on Saturday. The system had faced disruptions earlier in the day due to Yes Bank being put under a moratorium.

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  Yes Bank crisis: What its customers should know

  Business | March 07, 2020 10:19 IST

  Cash-strapped Yes Bank has been put under moratorium by the Reserve Bank of India (RBI) and capped withdrawal limit for depositors to Rs 50,000 for at least a month, here's what a cash-strapped bank's customer must know.

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  ED conducts raid at Yes Bank founder Rana Kapoor's residence

  News | March 07, 2020 10:09 IST

  The Enforcement Directorate raided Yes Bank founder Rana Kapoor's residence on Friday, in connection with a money-laundering probe against him. The action comes just a day after the crisis-hit bank was placed under a moratorium with withdrawals capped at Rs 50,000