Mumbai, Mar 27 (PTI) The RBI on Friday put on hold EMI payments on all term loans for three months and cut interest rate by steepest in more than 11 years as it joined the government effort to rescue a slowing economy that has now got caught in coronavirus […]
Mumbai, Mar 16: The Reserve Bank of India (RBI) on Monday said the resolution framework for Yes Bank is underway as planned and depositors can withdraw their money from the evening of March 18. The RBI governor, Shaktikanta Das, also assured to intervene with additional liquidity if there is […]
Mumbai, Mar 12: The largest lender State Bank of India on Thursday announced a Rs 7,250-crore fund infusion into the crippled Yes Bank under which it will pick up to 49 per cent equity in the fourth largest private sector lender. The fund infusion is part of the Reserve […]
MUMBAI – Some bondholders of Yes Bank (YESB.NS) have filed a court petition against a state-led rescue deal that involves a writedown of their papers, potentially hindering a timely recovery at the beleaguered Indian lender. Axis Trustee Services Ltd, representing several investors in so-called AT1 bonds issued by […]
MUMBAI/HONG KONG – The unexpected writedown of some bonds issued by crisis-hit Indian lender Yes Bank Ltd as part of a state-led rescue is set to raise borrowing costs and make capital-raising tougher for other banks, investors and analysts said. The take over of Yes Bank by India’s […]
MUMBAI – An Indian court on Sunday remanded the founder and former managing director of crisis-hit Yes Bank Ltd (YESB.NS) in police custody until March 11 after he was arrested on money-laundering charges. India’s Enforcement Directorate, the country’s federal financial crime agency, arrested Rana Kapoor early on Sunday […]
The founder of India’s Yes Bank was arrested on allegations of money laundering Sunday, amid efforts to formulate a rescue plan for the country’s fourth-largest private lender. In a late-night move Friday, the Central Bank seized control and imposed withdrawal limits on Yes Bank, which has been struggling […]
MUMBAI – State Bank of India said it will need to invest 24.5 billion rupees ($331 million) if it were to buy a 49% stake in Yes Bank as part of a rescue deal of the troubled lender. SBI Chairman Rajnish Kumar told reporters on Saturday the bank’s […]
NEW DELHI/MUMBAI – India laid out a rescue plan for Yes Bank (YESB.NS) on Friday under which the State Bank of India (SBI) (SBI.NS) will take a 49% stake in the troubled lender, which is struggling with bad loans. Indian Finance Minister Nirmala Sitharaman said the restructuring plan […]
BENGALURU/MUMBAI/NEW DELHI – Shares in India’s Yes Bank (YESB.NS) plunged on Friday as panicky depositors rushed to withdraw funds and payment partners faced outages after the banking regulator took control of the lender in a late-night move and limited withdrawals. The shock move by the Reserve Bank of […]
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