Yes Bank Crisis

Mythili Krishnamoorthi is distraught - her family faces a medical emergency and requires a large sum of money. But all her savings are now under a withdrawal moratorium imposed by the Reserve Bank of India (RBI) on Lakshmi Vilas Bank. The Chennai resident is desperate for the banking regulator to approve her plea for exemption to withdraw up to Rs ...

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.

Yes Bank reported on Saturday a staggering Rs 18,654-crore loss for the December quarter due to higher recognition of dud assets on the books, and an erosion of capital buffers to the brink. The gross non-performing assets shot-up to Rs 40,709 crore or 18.87 per cent of assets as of December 31, 2019, up from the preceding September quarter's Rs 1...

Yes Bank, which was put under moratorium by the government last week, had reported a net profit of Rs 1,000 crore in the year-ago period and a loss of Rs 629 crore in the preceding September quarter.

Despite pleas from the Reserve Bank against it, the Maharashtra government on Friday issued a circular asking all its departments to shift their accounts to nationalised banks.

Arrested Yes Bank founder Rana Kapoor, who along with his family members owned 78 shell companies, was the one who handled and controlled the affairs of these companies, Enforcement Directorate (ED) officials said.

The development comes after on Wednesday, news agency IANS reported that the Maharashtra Government has decided to shut down one of its accounts in private lender Axis Bank, in the wake of crisis in Yes Bank. The report also quoted official sources saying that henceforth the state government would bank only with reputed public sector lenders to ens...

The country's largest lender State Bank of India (SBI) on Thursday said that the lender's board has approved ofpurchase of 725 crore shares in Yes Bank Ltdat a price of Rs 10 per share. The announcement suggests that the state-owned lender will infuse a total capital of Rs 7,250 crore in the crisis-ridden Yes Bank.

Loans worth Rs 20,000 crore out of Rs 30,000 crore sanctioned by Rana Kapoor, during his tenure as chief of the crisis-ridden Yes Bank, turned into bad debts, the Enforcement Directorate (ED) told a special court on Wednesday. According to news agency PTI, the submission was made by ED to a Prevention of Money Laundering Act (PMLA) court in Mumbai ...

A special court on Wednesday extended till March 16 the Enforcement Directorate (ED) custody of Yes Bank founder Rana Kapoor, arrested on money laundering charges.

Yes Bank on Wednesday said its inward real-time gross settlement (RTGS) services have been enabled to allow customers to make payments towards their credit card dues and loan obligations from other bank accounts.

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...

The Congress on Monday demanded that Prime Minister Narendra Modi answer as to who was responsible for the Yes Bank crisis instead of adopting diversionary tactics by raising the sale of a painting by Priyanka Gandhi Vadra to the bank's founder Rana Kapoor for Rs 2 crore.

Deposits at Yes Bank witnessed a steady decline during the March-September period last year as customers withdrew over Rs 18,100 crore, in a reflection of falling confidence in the bank. Yes Bank, which has been put under a moratorium by the Reserve Bank till April 3, during which customers are not allowed to withdraw more than Rs 50,000, had depos...

In what may calm harried depositors of Yes Bank, its administrator Prashant Kumar on Monday said he is hopeful of the moratorium on the private sector lender being lifted by Saturday. Merging Yes Bank with itself will have a "negative impact" on SBI, and an independently running institution should continue to do so after some help, Kumar, the forme...

Mythili Krishnamoorthi is distraught - her family faces a medical emergency and requires a large sum of money. But all her savings are now under a withdrawal moratorium imposed by the Reserve Bank of India (RBI) on Lakshmi Vilas Bank. The Chennai resident is desperate for the banking regulator to approve her plea for exemption to withdraw up to Rs ...

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.

Yes Bank reported on Saturday a staggering Rs 18,654-crore loss for the December quarter due to higher recognition of dud assets on the books, and an erosion of capital buffers to the brink. The gross non-performing assets shot-up to Rs 40,709 crore or 18.87 per cent of assets as of December 31, 2019, up from the preceding September quarter's Rs 1...

Yes Bank, which was put under moratorium by the government last week, had reported a net profit of Rs 1,000 crore in the year-ago period and a loss of Rs 629 crore in the preceding September quarter.

Despite pleas from the Reserve Bank against it, the Maharashtra government on Friday issued a circular asking all its departments to shift their accounts to nationalised banks.

Arrested Yes Bank founder Rana Kapoor, who along with his family members owned 78 shell companies, was the one who handled and controlled the affairs of these companies, Enforcement Directorate (ED) officials said.

The development comes after on Wednesday, news agency IANS reported that the Maharashtra Government has decided to shut down one of its accounts in private lender Axis Bank, in the wake of crisis in Yes Bank. The report also quoted official sources saying that henceforth the state government would bank only with reputed public sector lenders to ens...

The country's largest lender State Bank of India (SBI) on Thursday said that the lender's board has approved ofpurchase of 725 crore shares in Yes Bank Ltdat a price of Rs 10 per share. The announcement suggests that the state-owned lender will infuse a total capital of Rs 7,250 crore in the crisis-ridden Yes Bank.

Loans worth Rs 20,000 crore out of Rs 30,000 crore sanctioned by Rana Kapoor, during his tenure as chief of the crisis-ridden Yes Bank, turned into bad debts, the Enforcement Directorate (ED) told a special court on Wednesday. According to news agency PTI, the submission was made by ED to a Prevention of Money Laundering Act (PMLA) court in Mumbai ...

A special court on Wednesday extended till March 16 the Enforcement Directorate (ED) custody of Yes Bank founder Rana Kapoor, arrested on money laundering charges.

Yes Bank on Wednesday said its inward real-time gross settlement (RTGS) services have been enabled to allow customers to make payments towards their credit card dues and loan obligations from other bank accounts.

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...

The Congress on Monday demanded that Prime Minister Narendra Modi answer as to who was responsible for the Yes Bank crisis instead of adopting diversionary tactics by raising the sale of a painting by Priyanka Gandhi Vadra to the bank's founder Rana Kapoor for Rs 2 crore.

Deposits at Yes Bank witnessed a steady decline during the March-September period last year as customers withdrew over Rs 18,100 crore, in a reflection of falling confidence in the bank. Yes Bank, which has been put under a moratorium by the Reserve Bank till April 3, during which customers are not allowed to withdraw more than Rs 50,000, had depos...

In what may calm harried depositors of Yes Bank, its administrator Prashant Kumar on Monday said he is hopeful of the moratorium on the private sector lender being lifted by Saturday. Merging Yes Bank with itself will have a "negative impact" on SBI, and an independently running institution should continue to do so after some help, Kumar, the forme...