RBI governor asked YES bank customer to keep calm and not panic

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

There is no outstanding loan from YES bank- Indiabulls housing finance

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

Customers withdrew INR 18,100 crore during March-September 2019, as they sensed something wrong with YES bank

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

Now you can not withdraw more than INR 50,000 from 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

Yes Bank- SBI Doesn’t have to pay more than INR 1 for Yes bank stakes

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

Yes Bank will not be allowed to fail: SBI chairman

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

Yes bank board gave approval to 10000 crore, but reject Braich’s $1.2 bn offer

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

Yes Bank is in Talks with Munjal and Kothari for 10% Stake each

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