Yes Bank
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Dozen shell firms, 44 costly paintings and Rs 2k cr investments of Rana Kapoor under ED scanner
Business | Mar 08, 2020, 03:50 PM ISTInvestments worth over Rs 2,000 crore, 44 expensive paintings and a dozen alleged shell firms are at the heart of ED's investigations against Yes Bank founder Rana Kapoor who was arrested by the agency on Sunday on money laundering charges, officials said.
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Rana Kapoor, Yes Bank founder, sent to ED custody till March 11
Business | Mar 08, 2020, 01:48 PM ISTYes Bank founder Rana Kapoor, who has been arrested by Enforcement Directorate (ED) in a money laundering case, has been sent to its custody till March 11 by a Mumbai's Special Holiday Court.
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Who is Rana Kapoor, founder of now crisis-ridden Yes Bank?
Business | Mar 08, 2020, 01:08 PM ISTThe 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 | Mar 08, 2020, 08:47 AM ISTYes 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 | Mar 08, 2020, 09:42 AM ISTThe 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 | Mar 08, 2020, 11:38 PM ISTIndiatvnews.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 | Mar 07, 2020, 09:05 PM ISTDelhi'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 | Mar 07, 2020, 07:34 PM ISTThe 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 | Mar 07, 2020, 06:55 PM ISTFintech 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 | Mar 07, 2020, 04:59 PM ISTYes 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 | Mar 07, 2020, 04:06 PM ISTPanicked 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 | Mar 07, 2020, 03:26 PM ISTA 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 | Mar 07, 2020, 03:23 PM ISTState-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 | Mar 07, 2020, 03:07 PM ISTThe 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 | Mar 07, 2020, 02:53 PM ISTYes 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 | Mar 07, 2020, 01:26 PM ISTSBI 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 | Mar 07, 2020, 02:52 PM ISTState 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 | Mar 07, 2020, 12:10 PM ISTSBI 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 | Mar 07, 2020, 10:36 AM ISTPublic 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 | Mar 07, 2020, 10:33 AM ISTPhonePe 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.