Yes Bank shares fall 83 percent. 11:32 AM IST. RBI Governor talks about the Yes Bank crisis. 09:23 AM IST. Yes Bank shares plunge. 08:00 AM IST. SBI Board approves potential Yes Bank investment.
The board of Yes Bank has also been superseded with immediate effect, the Reserve Bank of India (RBI) said in a late evening statement. business Updated: Mar 07, 2020 14:08 IST HT Correspondent.
With Yes Bank placed under a moratorium, depositors and businesses relying on the bank face a difficult time. A bank of this size — Rs 3.5 lakh crore worth of total assets as of end-September.
Fully geared up for succession plan, says Yes Bank. The RBI had last month curtailed the three-year term that Yes Bank's board had sought for its MD and CEO Rana Kapoor, also one of the promoters of the bank, to January 31, 2019, and asked the bank to find a replacement. Oct 01, 2018, 15:06 PM IST.
THE YES BANK BAILOUT. In a government monitored rescue act, SBI, India's largest lender, approved the infusion of Rs 7,250 crore at Rs 10 a share for a 49 percent stake in Yes Bank on March 12, 2020.
The bank’s shareholding in Yes Bank will remain within 49 per cent of the paid up capital of the private sector lender. business Updated: Mar 12, 2020 17:57 IST Press Trust of India.
Yes Bank has accused financial newspaper Business Standard of publishing malicious and defamatory news reports, suggesting this was done at the behest of Uday Kotak, owner of the newspaper and rival Kotak Mahindra Bank.
The shareholders of YES Bank on Friday gave the go-ahead to the private sector lender for its capital raising plans. “The resolutions related to the following business as set out in the notice.
The central bank today said the State Bank of India (SBI) has expressed willingness to invest in crisis-ridden Yes Bank. India TV Business Desk New Delhi Updated on: March 06, 2020 23:46 IST.
The Reserve Bank of India (RBI) placed a 30-day moratorium on Yes Bank till April 3. According to a government gazette, Yes Bank depositors will be allowed to withdraw cash up to Rs 50,000 only.
I came here at 7 am to withdraw money,” Yogesh Sharma, a Yes Bank customer at Fort Branch in Mumbai told news agency ANI. Yes Bank’s own net banking facilities have not been operational since.
Read more about All banking services to resume from evening; ATMs have cash: YES Bank on Business Standard. On March 5, the RBI had imposed a moratorium on YES Bank, restricting withdrawals to Rs 50,000 per depositor till April 3 in view of its poor financial health due to bad loans.
Axis Bank to explore possibility of strategic partnership with Max Life ICICI Bank gets 7.97% stake in YES Bank with Rs 1,000-cr capital infusion 'Call' buyers gain big as YES Bank rallies on news of investment offer YES Bank set to raise up to Rs 10,000 cr, won't proceed with Braich offer.
State Bank of India (SBI) chairman Rajnish Kumar on Saturday sought to allay concerns regarding the proposed rescue plan for YES Bank, which involves the state-owned bank picking up a 49 per cent stake in the latter, subject to conditions.
Yes Bank share price: At 11:40 am, Yes Bank shared were trading at Rs 10, down 71%. Earlier in the day, shares of YES Bank tumbled 85 per cent. The bank was at its lowest for the first time since July 16, 2009. This is also the first time Yes Bank shared slipped below Rs 10 apiece. What happened in Yes Bank?Mumbai: Yes Bank founder Rana Kapoor's house in Mumbai was on Friday searched by the Enforcement Directorate, a day after the Reserve Bank of India took over the bank's board for a period of 30.Yes Bank auditor flags multiple RBI norm breaches, warns of bank’s future: Report Yes Bank Consolidated March 2020 Net Interest Income (NII) at Rs 1,270.54 crore, down 49.31% Y-o-Y.