Jul 08, 2020 06:57 PM IST
SBI's announcement to invest in Yes Bank's FPO comes after the latter's capital raising committee gave its approval to the fund-raise plan.
- Jul 08, 2020 09:32 AM IST
The details of the offer will be shared after completing formalities with the Registrar of Companies, the private lender has said.
- Jul 07, 2020 11:12 PM IST
The committee is scheduled to meet again on or after July 10 to consider and approve, amongst other things, the price band and discount, if any.
- Jun 30, 2020 10:19 PM IST
Yes Bank fails to get interim relief in the Bombay High Court, case is related to a disputed guarantee on a 2016 loan.
- Jun 30, 2020 07:40 PM IST
The Central Board of Direct Taxes (CBDT) through a notification said the exemptions would come into effect from April 1, 2020, and shall be applicable for the assessment year 2020-21 and thereafter.
- Jun 29, 2020 08:27 PM IST
The sale of immovable assets is under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act, 2002.
- Jun 26, 2020 03:57 PM IST
It is a part of the payment app’s effort to get into a multi-bank partnership model to reduce dependence on one bank.
- Jun 24, 2020 04:05 PM IST
Its inability to pay interest on Upper Tier II Bonds was due to technical reasons and not capital issues, Yes Bank has said.
- Jun 24, 2020 12:58 PM IST
The expected sharp rise in NPAs brings two inter-linked issues to the fore. One is the need to augment bank capital. Second, we need to conclusively address the bad loan issue so that lending gains traction and supports the economic recovery.
- Jun 23, 2020 06:00 PM IST
In case the bank reports a loss, the coupon or redemption can be paid with the prior approval of the Reserve Bank of India (RBI), provided that on such payment, the CRAR remains above 9.0 percent.
- Jun 23, 2020 03:16 PM IST
The facility, which was announced earlier for three months till 16 June, was given to the bank as temporary assistance after the lender was bailed out by a bank consortium as part of an RBI-initiated reconstruction package.
- Jun 23, 2020 02:31 PM IST
The RBI on June 22 asked Yes Bank not to pay interest on tier-2 bonds due on June 29 as its capital levels are below the mandatory threshold.
- Jun 22, 2020 11:09 PM IST
As per the June 25, 2012 memorandum at the time of issue of the bonds, the interest due will be accumulated and paid later once the bank complies with stipulated regulatory requirements.
- Jun 22, 2020 07:45 AM IST
The bank earlier requested RBI, in a communication dated May 27, an approval for payment of Interest due as on June 29, for the Upper Tier II Bonds.
- Jun 18, 2020 09:02 AM IST
Adding a layer of tenure-based caps will not incrementally strengthen governance standards for Indian banks. Instead, RBI already has powers for approving CEO reappointments. It must use these.
- Jun 16, 2020 05:16 PM IST
Sources said the FPO plan is likely to be finalised by the board soon.
- Jun 10, 2020 05:52 PM IST
There are no winners or losers in the prolonged tug of war for power and money in Yes Bank between Kapurs and Kapoors.
- Jun 10, 2020 09:51 AM IST
Madhu Kapur's family has withdrawn an earlier suit filed against the bank management in Bombay High Court, according to an exchange communication.
- Jun 10, 2020 08:55 AM IST
Yes Bank was bailed out by a bank consortium led by State Bank of India early this year after the intervention of the Reserve Bank of India and the government.
- Jun 09, 2020 02:49 PM IST
Investigations have found that the rental income from a Delhi property owned by Gautam Thapar was raised just before a loan was sanctioned by Yes Bank against it.
- Jun 03, 2020 12:07 PM IST
If it is to comply with Reserve Bank of India (RBI) mandates, the private sector lender requires at least Rs 4,000 crore of equity this year
- Jun 01, 2020 08:29 AM IST
Overdraft against FD is available at a lower interest rate as compared to personal loans and pre-approved loans against credit cards.
- May 31, 2020 07:49 PM IST
YES Bank’s employees too had voluntarily contributed an amount equal to one day’s salary to the PM CARES Fund to support ongoing relief efforts to combat COVID-19, the bank said
- May 30, 2020 09:23 PM IST
With Kapurs’ choosing to step back as YES Bank promoters, an era is over at Yes Bank. Yes Bank was co-founded in 2004 by Ashok Kapur and Rana Kapoor with Ashok as chairman and Rana as managing director and CEO.
- May 30, 2020 09:15 PM IST
Shares were acquired on invocation of pledge subsequent to default/breach of terms of loan to Dish TV India Limited, the company said.