Yes Bank
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Yes Bank crisis: What its customers should know
Business | Mar 07, 2020, 10:19 AM ISTCash-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 | Mar 07, 2020, 10:09 AM ISTThe 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
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UTI MF, Nippon India MF, PGIM MF to side-pocket exposures to Yes Bank bonds
Business | Mar 06, 2020, 11:39 PM ISTThree mutual fund houses UTI MF, Nippon India MF and PGIM India MF on Friday decided to side-pocket their exposures to Yes Bank bonds following the rating downgrade of troubled private lender's debt instruments.
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Yes Bank biggest lender to loan defaulter Cox & Kings
Business | Mar 06, 2020, 11:24 PM ISTYes Bank was the biggest lender to loan defaulter travel firm Cox & Kings with total claims of over Rs 2,285 crore, according to a list of financial creditors prepared by the resolution professional of the debt-ridden firm.
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HDFC Mutual Fund's exposure to Yes Bank at Rs 67 crore
Business | Mar 06, 2020, 11:12 PM ISTHDFC Mutual Fund's schemes have no outstanding exposure to debt securities issued by Yes Bank.
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Yes Bank founder Rana Kapoor's residence raided by ED in Mumbai, lookout notice issued
India | Mar 06, 2020, 11:33 PM ISTThe 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.
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Crisis at Yes Bank highlights governance risk in banking sector; RBI's decision may backfire: Fitch
Business | Mar 06, 2020, 10:48 PM ISTThe RBI superseding the board of Yes Bank casts light on governance risks in India's banking sector, Fitch Ratings said on Friday
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Exclusive: Queues outside ATMs as RBI sets withdrawal limit from Yes Bank accounts
Aaj Ki Baat | Mar 06, 2020, 11:55 PM ISTYes Bank Crisis: Yes Bank on Friday evening sought to calm everyone down by issuing a statement and said that the moratorium imposed by Reserve Bank of India was "temporary" and all efforts are being made to revive the bank.
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Yes Bank Crisis: Asset management companies stare at Rs 3,345.48-crore hole in their books
Business | Mar 06, 2020, 09:51 PM ISTAsset management companies are staring at a Rs 3,345.48-crore hole in their books with their exposure to the equity and bonds of Yes Bank, which is under a 30-day moratorium, according to data from Morningstar.
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SBI to pick up 49 per cent stake in Yes Bank
Business | Mar 06, 2020, 10:08 PM ISTState Bank of India will pick up 49 per cent stake in the crisis-ridden Yes Bank under a government-approved bailout plan, with Finance Minister Nirmala Sitharaman assuring that depositors' money is safe.
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Vadodara company withdrew Rs 265 crore from Yes Bank just a day before RBI moratorium
Business | Mar 06, 2020, 09:00 PM ISTVadodara Smart City Development, a Special Purpose Vehicle (SPV) of the Vadodara Municipal Corporation (VMC), withdrew Rs 265 crore in the nick of time. The company withdrew the huge amount just a day before the Reserve Bank of India (RBI) imposed a moratorium.
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Yes Bank Crisis: Nagpur University's Rs 191 crore stuck with the crisis-hit bank
Business | Mar 06, 2020, 08:44 PM ISTNagpur University's whopping sum of Rs 191 crore is stuck with the crisis-hit Yes Bank, an official said today. The RBI had on Thursday imposed a moratorium on the crisis-hit private lender, capping the withdrawal limit at Rs 50,000.
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Yes Bank crisis: Jagannath Temple's Rs 592 crore deposit faces uncertain future
Business | Mar 06, 2020, 08:20 PM ISTThe famed Jagannath Temple in Puri has a deposit of over Rs 592 crore in crisis-ridden Yes Bank
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Yes Bank Crisis: You can withdraw more than Rs 50 thousand, but these are the conditions
Business | Mar 06, 2020, 08:08 PM ISTYes Bank Crisis: Yes Bank on Friday evening sought to calm everyone down by issuing a statement and said that the moratorium imposed by Reserve Bank of India was "temporary" and all efforts are being made to revive the bank.
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YES bank Crisis: SBI keen on picking up stake in embattled bank
Business | Mar 06, 2020, 07:29 PM ISTYES bank crisis: A strategic investor like SBI will have to pick up 49 per cent stake in Yes Bank and stay invested for at least three years, as per the RBI's draft scheme of reconstruction for the crisis-hit lender announced on Friday.
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Paytm Payments Bank takes a dig on PhonePe over Yes Bank restrictions
Business | Mar 06, 2020, 06:45 PM ISTPaytm Payments Bank took a dig on its rival PhonePe in the wake of obstructions it faced due to using cash-strapped Yes Bank platform for transactions.
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Yes Bank crisis: Despite Sitharaman’s assurance, depositors flood branches; long queues at ATMs
Business | Mar 06, 2020, 06:38 PM ISTYes Bank Crisis: Distress calls and long queues of customers were witnessed at various branches of Yes Bank after the Reserve Bank of India put a withdrawal limit of Rs 50,000 on Thursday
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Yes Bank employees will continue to get respective salaries: Sitharaman
Business | Mar 06, 2020, 06:20 PM ISTIn what can be a relief to thousands of Yes Bank employees, Finance Minister Nirmala Sitharaman said on Friday that Yes Bank employees will continue to get salary. Yes Bank is currently in crisis and Reserve Bank of India has set a maximum withdrawal cap of Rs 50,000 for depositors.
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YES Bank Crisis: What happens to your EMI, Insurance Premium and Salary account?
Business | Mar 06, 2020, 07:03 PM ISTYes Bank Crisis: Soon after the RBI placed the Yes Bank under a moratorium and restricted withdrawal limit to Rs. 50,000 per account until April 3, 2020, Reserve Bank of India’s Governor Shaktikanta Das today tried to boost the sentiments of the existing bank’s customers by saying that the central bank will protect all depositors' money.
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RBI announces Yes Bank revival plan draft. Details here
Business | Mar 06, 2020, 06:42 PM ISTThe Reserve Bank of India Friday rolled out "scheme of reconstruction", a revival plan for the crisis-ridden Yes Bank, which was placed on moratorium with withdrawal limit capped at Rs 50,000. The central bank today said the State Bank of India (SBI) has expressed willingness to invest in crisis-ridden Yes Bank.