India News
Search Web Directory
Yes Bank Related news
Yes Bank founder Rana Kapoor's Mumbai house raided by ED
Posted on 7th March 2020

A day after the Reserve Bank of India imposed a moratorium on Yes Bank and superseded its Board of Directors, the Enforcement Directorate on Friday raided the Mumbai residence of its founder Rana Kapoor.

The raids were conducted in connection with a money-laundering probe against him, officials said.

'Self-appointed competent doctors': Sitharaman's come back at Chidambaram after attack over Yes Bank crisis
Posted on 7th March 2020

Under attack over Yes Bank crisis, Finance Minister Nirmala Sitharaman on Friday hit back Congress leader P Chidambaram, saying that exposure of the private lender to some of the very stressed corporates started before 2014 when the UPA was in power.

The exposure of Yes Bank to some of the very stressed corporates has been before 2014. These are public domain names and I am not violating any customer privacy - Anil Ambani (Group), Essel Group, DHFL, IL&FS (and) Vodafone are some of the very stressed corporate to whom Yes Bank has been exposed, she said in response to attacks by the Congress after Yes Bank was placed under one-month moratorium by the Reserve Bank of India.

RBI to come up with a reconstruction plan for YES Bank soon: Sources
Posted on 6th March 2020

The Reserve Bank of India (RBI) was likely to frame a reconstruction plan for troubled private lender YES Bank and send it to the interested lenders shortly, official sources said on Friday.

The central bank will send the plan to the lenders or interested investors. The plan will then be sent to the central government for approval, one of the two people aware of the matter said.

Want to assure YES Bank depositors that their money is safe: FM Sitharaman
Posted on 6th March 2020

Finance Minister Nirmala Sitharama assured the depositor that their corpus was safe in YES Bank and the Reserve Bank of India would manage the situation well.

She said that the YES Bank board has been bypassed and former State Bank of India chief financial officer Prashant Kumar has been appointed administrator of YES Bank.

SBI gets board approval to invest in Yes Bank, hours after RBI imposes moratorium on capital-starved lender
Posted on 6th March 2020

The State Bank of India (SBI) has been authorised by its board members (an in-principle approval, it is being said) to invest in the capital-starved Yes Bank, hours after the Reserve Bank of India (RBI) on Thursday imposed a moratorium on the troubled private lender and the withdrawal limit for depositors at Rs 50,000.

On Thursday, the central board of SBI discussed the matter at a meeting and later informed the exchanges.

YES Bank trades lower for fourth straight day; stock nears 52-week low
Posted on 4th March 2020

Shares of YES Bank were trading lower for the fourth straight day, down 6.6 per cent at Rs 29.20 on the BSE on Wednesday on the back of heavy volumes.

The private sector lender's stock is trading close to its 52-week low of Rs 29.05, touched on October 1, 2019 and also its lowest level since August 2009 on the BSE. In the past six trading days, the stock has slipped 21 per cent, as compared to 3.4 per cent decline in the S&P BSE Sensex.

YES Bank jumps 5% as lender gets EoIs from JC Flowers, Silver Point
Posted on 30th November -0001

YES Bank gained over 5 per cent to Rs 37.20 on the BSE on Thursday after the bank said it is in talks with potential investors, including J.C. Flowers and Silver Point Capital, for raising equity capital.

In a filing to the BSE, the lender said it had received non-binding expressions of interest (EoIs) from several investors including J.C. Flowers & Co, Tilden Park Capital Management, OHA (UK) LLP (part of Oak Hill Advisors), and Silver Point Capital.

YES Bank rises 5% on shareholders' approval for fundraising plan
Posted on 10th February 2020

Shares of YES Bank gained 5 per cent to Rs 40.70 on the BSE on Monday in intra-day trade after the bank's shareholders cleared fund raising proposal of up to Rs 10,000 crore by issuing equity shares or convertible securities which would help enhance the private sector lender’s capital adequacy. The stock of private sector lender was trading higher for the fourth straight day.

At an extraordinary general meeting on Friday, investors authorised the lender’s plans to raise capital through issuance of equity shares or other convertible securities (Special Resolution).

Syndicate Bank, SBI add up to 6% as RBI to buy and sell bonds via OMOs
Posted on 20th December 2019

Banking stocks, especially public sector banks including Syndicate Bank, Indian Bank, and State Bnak of India (SBI), added up to 6.2 per cent on the National Stock Exchange (NSE) on Friday after the Reserve Bank of India (RBI) decided to buy and sell bonds worth Rs 10,000 crore via open market operations.

In a statement on Thursday, the RBI said it will simultaneously buy and sell government bonds worth Rs 10,000 crore each on December 23, through Open Market Operations (OMOs).