Aug 26, 2020 04:09 PM IST
Within just four months in the new job, Prashant Kumar has guided the private lender past the most critical phase helping it gather the much-needed survival capital.
- Aug 21, 2020 03:54 PM IST
The ultimate beneficial holder of the purchaser is Prashant Khemka, who owns 99.99 percent of White Oak Investment Management Private Limited, the bank said.
- Aug 20, 2020 01:02 PM IST
The Bombay Hc on August 20 granted bail to Kapil Wadhawan & Dheeraj Wadhawan in the Yes Bank case, as the Enforcement Directorate could not file chargesheet in 60 days time.
- Aug 19, 2020 10:23 PM IST
Yes Bank has sold 6,34,00,000 equity shares having nominal value of Rs 2 each, constituting 10.12 percent of the share capital of CG Power in various tranches.
- Aug 19, 2020 11:46 AM IST
Under the Banking Regulation Act, 1949, Kapoor as Chairman and Managing Director of Yes Bank was regarded as a public servant – and his prosecution has to be sanctioned by a competent authority
- Aug 19, 2020 11:38 AM IST
The board has requested the firm for detailed recommendations highlighting areas where corporate governance can be further strengthened, the bank has said in the annual report.
- Aug 19, 2020 09:29 AM IST
The bank has repaid Rs 35,000 crore out of the total special liquidity facility of Rs 50,000 crore drawn for interim support, Chairman Sunil Mehta has said.
- Aug 18, 2020 09:47 PM IST
Yes Bank was rescued by a clutch of lenders led by SBI in March. This was following a near financial collapse of the lender on account of the alleged financial irregularities and careless lending by previous management under founder Rana Kapoor
- Aug 18, 2020 07:36 PM IST
Yes Bank held 12.79 percent equity stake in CG Power as per the shareholding pattern as of June 2020
- Aug 18, 2020 01:50 PM IST
Its co-founder and former chief executive Rana Kapoor is alleged to have indulged in dubious loan and disclosure practices. The bank's non-performing assets bloated up, and ultimately resulted in RBI and the government superseding its board in March.
- Aug 18, 2020 08:06 AM IST
Prashant Kumar's suggested remuneration includes a basic salary of Rs 45 lakh, allowances of Rs 1.05 crore, and furnished accommodation of Rs 72 lakh, among other heads
- Aug 03, 2020 09:04 PM IST
The upgrade is on the basis of Yes Bank's successful equity capital raise of Rs 15,000 crore which has bolstered its solvency.
- Aug 01, 2020 02:00 PM IST
Yes Bank AT1 bond writedown episode is a major lesson for investors who choose risky financial instruments hoping for higher returns.
- Jul 31, 2020 07:45 PM IST
Kapil and Dheeraj Wadhawan, promoters of Dewan Housing Finance Ltd (DHFL) and RKW Developers respectively, were arrested in April by the CBI in connection with the scam.
- Jul 30, 2020 04:51 PM IST
Solving Yes Bank’s NPA puzzle will be a daunting task for Kumar and his team, especially in the wake of Covid-19 and a slowing economy
- Jul 30, 2020 09:34 AM IST
Many of today’s hugely successful companies are in serious danger of losing their momentum because of their founders’ need for self-glory
- Jul 29, 2020 11:35 PM IST
The possession of the building took place as on July 22 under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFESI)
- Jul 29, 2020 10:45 PM IST
- Jul 29, 2020 10:45 PM IST
- Jul 29, 2020 09:01 PM IST
Yes Bank has lost the trust of many customers after a string of negative news, including alleged fraud by co-founder Rana Kapoor. The bank has passed a crucial test but has a long road ahead
- Jul 29, 2020 10:35 AM IST
The structural lacunae of Yes Bank in terms of the unexciting corporate heavy book vulnerable to economic disruptions and the weak liability may not get addressed in a short time
- Jul 28, 2020 04:43 PM IST
Gross NPA now stands at 17.30 percent against 16.80 percent QoQ while net NPA is at 4.96 percent against 5.03 percent QoQ.
- Jul 27, 2020 09:41 AM IST
There were pending sell orders of 41,640,911 shares, with no buyers available.
- Jul 25, 2020 07:34 AM IST
The price band was Rs 12-13 and the share price was Rs 30.45 on June 10. Hence, the correction till around its issue price was on expected lines.
- Jul 23, 2020 02:57 PM IST
The fall can be an indication that the share price could be adjusting to the FPO price, expected to be fixed at Rs 12.