Crisis-hit Yes Bank

Reliance Group chairman Anil Ambani appeared before the Enforcement Directorate in Mumbai this morning, in connection with a money-laundering probe into crisis-hit Yes Bank

Crisis-hit Yes Bank is set to resume full banking operations starting 6 pm today, paving way for its troubled depositors to make withdrawals without any restrictions. The Reserve Bank of India (RBI) had earlier superceded Yes Bank's board and imposed a moratorium on the beleaguered private sector bank, permitting customers to only take out up to Rs...

Central probe agency Enforcement Directorate has issued a fresh summon to Reliance Group chief Anil Ambani in connection with an alleged money laundering case involving the crisis-hit Yes Bank, officials have said.

Crisis-hit Yes Bank has allotted 1,000 crore equity shares to seven private banks and the state-run State Bank of India for a total consideration of Rs 10,000 crore. IDFC First Bank is the latest to enter the SBI-led rescue team with an investment of Rs 250 crore. Investment by private banks has so far reached Rs 3,950 crore.

The government has notified the reconstruction scheme for crisis-hit Yes Bank and has said that the restrictions on withdrawals from its accounts up to Rs 50,000 will be lifted in "three working days", which is by Wednesday.

The Central Bureau of Investigation (CBI) has registered a fresh case against crisis-hit Yes Bank's founder Rana Kapoor and his wife Bindu Kapoor in connection with the purchase of a property in a prime location in Delhi. The house was bought by Ms Kapoor.

Finance Minister Nirmala Sitharaman said on Friday that the Union Cabinet had approved a reconstruction scheme for Yes Bank as proposed by the Reserve Bank of India. "State Bank of India will invest up to 49 per cent equity in Yes Bank and other investors are also being invited," the Finance Minister said, addressing the media after a meeting of th...

Crisis-hit private sector lender Yes Bank said on Tuesday that customers can now make certain payments through its instant money transfer services National Electronic Funds Transfer (NEFT) and Immediate Payment Service (IMPS). In a post on Twitter in morning, Yes Bank said its customer can pay "their credit card dues" and "loans from other bank acc...

Yes Bank founder Rana Kapoor, his wife and three daughters are among 13 accused named by the CBI in a spiraling investigation into bribery and money-laundering linked to India's fourth largest private lender. The charges were filed on a day of raids in seven locations linked to the family.

Rana Kapoor, the founder and former managing director of crisis-hit Yes Bank, was sent to the custody of the Enforcement Directorate until Wednesday by a court in Mumbai on Sunday following his arrest on money-laundering charges while the Central Bureau of Investigation (CBI) filed a separate case against him for corruption.

Rana Kapoor, the founder of crisis-hit Yes Bank, has been arrested by the Enforcement Directorate after two days of questioning in an alleged bank scam worth Rs 4,300 crore. He will be in their custody till March 11. The Reserve Bank of India (RBI) has capped transactions for every Yes Bank user at Rs 50,000 for a month, till April 3, after the pri...

Panicked Yes Bank customers were seen queuing up at the bank's ATMs at various locations, but to no avail as most of the money-dispensing machines have no cash, after the Reserve Bank placed the crisis-hit lender under a moratorium.

Congress leader P Chidambaram on Saturday said the government's bailout plan for the crisis-hit Yes Bank was "bizarre", targeting the BJP-led administration over a massive oversight failure that allowed a 35 per cent per year jump in its loan book since 2014.

The Reserve Bank of India (RBI) on Friday said the State Bank of India (SBI) has expressed willingness to invest in crisis-ridden Yes Bank. In a draft reconstruction scheme for the private lender, the central bank also said that the investor bank shall invest in Yes Bank to the extent that it will hold 49 per cent equity after the infusion. A day a...

Reliance Group chairman Anil Ambani appeared before the Enforcement Directorate in Mumbai this morning, in connection with a money-laundering probe into crisis-hit Yes Bank

Crisis-hit Yes Bank is set to resume full banking operations starting 6 pm today, paving way for its troubled depositors to make withdrawals without any restrictions. The Reserve Bank of India (RBI) had earlier superceded Yes Bank's board and imposed a moratorium on the beleaguered private sector bank, permitting customers to only take out up to Rs...

Central probe agency Enforcement Directorate has issued a fresh summon to Reliance Group chief Anil Ambani in connection with an alleged money laundering case involving the crisis-hit Yes Bank, officials have said.

Crisis-hit Yes Bank has allotted 1,000 crore equity shares to seven private banks and the state-run State Bank of India for a total consideration of Rs 10,000 crore. IDFC First Bank is the latest to enter the SBI-led rescue team with an investment of Rs 250 crore. Investment by private banks has so far reached Rs 3,950 crore.

The government has notified the reconstruction scheme for crisis-hit Yes Bank and has said that the restrictions on withdrawals from its accounts up to Rs 50,000 will be lifted in "three working days", which is by Wednesday.

The Central Bureau of Investigation (CBI) has registered a fresh case against crisis-hit Yes Bank's founder Rana Kapoor and his wife Bindu Kapoor in connection with the purchase of a property in a prime location in Delhi. The house was bought by Ms Kapoor.

Finance Minister Nirmala Sitharaman said on Friday that the Union Cabinet had approved a reconstruction scheme for Yes Bank as proposed by the Reserve Bank of India. "State Bank of India will invest up to 49 per cent equity in Yes Bank and other investors are also being invited," the Finance Minister said, addressing the media after a meeting of th...

Crisis-hit private sector lender Yes Bank said on Tuesday that customers can now make certain payments through its instant money transfer services National Electronic Funds Transfer (NEFT) and Immediate Payment Service (IMPS). In a post on Twitter in morning, Yes Bank said its customer can pay "their credit card dues" and "loans from other bank acc...

Yes Bank founder Rana Kapoor, his wife and three daughters are among 13 accused named by the CBI in a spiraling investigation into bribery and money-laundering linked to India's fourth largest private lender. The charges were filed on a day of raids in seven locations linked to the family.

Rana Kapoor, the founder and former managing director of crisis-hit Yes Bank, was sent to the custody of the Enforcement Directorate until Wednesday by a court in Mumbai on Sunday following his arrest on money-laundering charges while the Central Bureau of Investigation (CBI) filed a separate case against him for corruption.

Rana Kapoor, the founder of crisis-hit Yes Bank, has been arrested by the Enforcement Directorate after two days of questioning in an alleged bank scam worth Rs 4,300 crore. He will be in their custody till March 11. The Reserve Bank of India (RBI) has capped transactions for every Yes Bank user at Rs 50,000 for a month, till April 3, after the pri...

Panicked Yes Bank customers were seen queuing up at the bank's ATMs at various locations, but to no avail as most of the money-dispensing machines have no cash, after the Reserve Bank placed the crisis-hit lender under a moratorium.

Congress leader P Chidambaram on Saturday said the government's bailout plan for the crisis-hit Yes Bank was "bizarre", targeting the BJP-led administration over a massive oversight failure that allowed a 35 per cent per year jump in its loan book since 2014.

The Reserve Bank of India (RBI) on Friday said the State Bank of India (SBI) has expressed willingness to invest in crisis-ridden Yes Bank. In a draft reconstruction scheme for the private lender, the central bank also said that the investor bank shall invest in Yes Bank to the extent that it will hold 49 per cent equity after the infusion. A day a...