Indian Banking & Finance News
Recently after the whole incident of YES bank, the shares of the bank has surged over 1000% in total of seven sessions after the eight lenders finally agreed to a bailout package along with the State bank of India. On tuesday, the newly appointed management said that YES bank is going to resume the normal … Read more In 7 sessions, YES bank surges over 1000%
Because of the limit imposed on the withdrawal of money from YES bank, people got tensed and now since it has been removed, people are withdrawing their money in hurry. On this, the RBI governor Shiktikanta das made a press conference and here are the updates from the same. 1Yes Bank’s revival plan will work: … Read more RBI governor asked YES bank customer to keep calm and not panic
The big housing finance company, indiabulls housing finance made a statement on Sunday that the company and the promoters do not have any outstanding term loan pending from YES bank. They wanted to clarify the rumours spread on social media and that’s why they came up with this statement. The statement reads, “In relation to … Read more There is no outstanding loan from YES bank- Indiabulls housing finance
YES bank has gotten the worse this year. Reserve Bank of India is has imposed a withdrawal limit to YES bank but now, the moratorium on withdrawals will get lifted that will happen after the three working days, on Wednesday on 6PM. Recently on March 5th, The RBI superseded the YES bank’s board and capped … Read more YES bank withdrawal limit to end on Wednesday 6PM
We all know the current condition of YES bank. From the restriction to the arrest warrant of the Founder of the bank, it is all going down. Now, YES bank has enabled inward NEFT/IMPS services. To keep it simple and easy for all, it means that now, everyone can use the other bank accounts if … Read more Yes Bank enables inward IMPS/NEFT services
YES bank is having a worse time and also has put a limit of INR 50,000 on the withdrawal of money. And the customers are panicking because of the situation. They are not feeling their money safe in the YES Bank account for the obvious reasons. However, if we see the withdrawal of last year, … Read more Customers withdrew INR 18,100 crore during March-September 2019, as they sensed something wrong with YES bank
As we know, The reserve bank of India has stated and made a restriction on all the bank account holders of YES bank to not withdraw more than 50,000 INR from the bank till 3th April. The restriction is valid from 6th march to 3rd April. However, if there is some emergency of funds, then the request … Read more Same pay for 1 year for all the employees of YES bank
Now, if you are an account holder of YES Bank, then you must know that The reserve bank of India has imposed a restriction on not withdrawing more than INR 50,000 per account. This is going to be valid from 5th march to 3rdApril. However, in few cases like any fee or donation of college, medical … Read more Now you can not withdraw more than INR 50,000 from YES bank
Now, as the private lender’s net worth is only 0 and has lack of clarity on the bank’s deposit franchise because of some solvency issues, Other banks like PSU and SBI need not to pay more than INR 1 to the Yes Bank stakes. Govt is now considering a SBI let consortium for taking over … Read more Yes Bank- SBI Doesn’t have to pay more than INR 1 for Yes bank stakes
The SBI chairman recently said that he is sure “some solutions will emerge” to steady Yes Bank Ltd., which has been trying to raise new capital. “Yes Bank is a significant player in the market with an almost $40 billion balance sheet,” State Bank of India Chairman Rajnish Kumar told Bloomberg Television in Davos. “I have a … Read more Yes Bank will not be allowed to fail: SBI chairman
Recently in New Delhi, Yes bank has announced that they have acquired something around 30% of stake in a totally newly owned subsidiary of Reliance power pursuant in order to invocation of pledged shares. All over by now, the bank, Yes bank has acquired the 12,73,21,500 amount of equity shares by having 20 rs each … Read more Yes Bank acquired 30% stake of Reliance Power arm
The board of private lender Yes Bank met on Friday and approved raising of funds of up to ₹10,000 crore in one or more tranches through a qualified institutional placement (QIP), or any other private placement of equity or debt, the bank said. On 30 November, Yes Bank said that a number of investors had shown interest in … Read more Yes bank board gave approval to 10000 crore, but reject Braich’s $1.2 bn offer
Sunil Munjal, chairman of Hero Corporate Services Ltd, and Hemendra Kothari, veteran investment banker and founder of DSP Group, are in talks with the Yes Bank Ltd to buy the stakes of 5-10% each in the cash-starved private lender, three people aware of the matter said. As per the sources, both of these businessmen have shown … Read more Yes Bank is in Talks with Munjal and Kothari for 10% Stake each
Private sector lender Yes Bank is looking forward to raise $1.2 billion (about ₹8,462 crore) equity by this December, and wants to give the board seat to new investors, as per the top official of Yes Bank. The Bank has claimed that it may raise the investment from North American family office, which has made … Read more Yes Bank will raise $1.2 billion by December
As per the recent reports, the co founder of the Yes Bank is in talks with Paytm owner Vijar Shekher Sharma to sell him the stakes of the Yes bank. As per the media, Rana Kapoor approached the Paytm owner to sell his and his family’s stakes for Rs. 1800- 2000 crores. The price of … Read more Rana Kapoor to sell Yes Bank’s Stakes to Paytm