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BusinessRBI issues draft revival plan for Yes Bank, SBI keen to acquire 49% in troubled lenderWhile the SBI has shown interest in investing in troubled private sector lender Yes Bank, the acquirer could hold upto 49 per cent stake in the bank, as per a scheme of reconstruction proposed by the RBI on Friday. ....
Yes Bank's public shareholders lose Rs 7,000 cr post RBI takeoverPublic shareholders of Yes Bank faced bigger losses on the RBI's latest action on the private sector lender with Friday's stock price of Rs 16.60, meaning that their stake value now stands at Rs 3,880.91 crore against Rs 10,976.82 crore in December 31, a loss of Rs 7,092 crore and it could be more if the stock price is hammered more in coming days. ....
Yes Bank: ED issues LOC against Rana Kapoor, raids homeThe Enforcement Directorate (ED) filed a money laundering case and carried out searches at the residence of the bank's founder Rana Kapoor, officials said. ....
Yes Bank depositors' money safe, RBI working on resolution: FMFinance Minister Nirmala Sitharaman on Friday said that Reserve Bank of India (RBI) is working towards for early resolution of Yes Bank issue and she is in constant touch with the Governor. ....
No need to panic on Yes Bank: SBI chairmanSBI chairman Rajnish Kumar on Friday said there is no need to panic on account of developments in the Yes Bank. ....
Angry Mumbai customers queue up at Yes Bank for cashDistressed and angry customers of the crisis-hit Yes Bank trooped outside scores of branches and ATMs in Mumbai, Thane, Pune, Nagpur and other cities on Friday to withdraw money after the RBI imposed curbs on withdrawal apart from other measures late on Thursday. ....
'RBI to soon come up with scheme for Yes Bank revival'The Reserve Bank of India (RBI) will soon come out with a scheme to revive the capital-starved Yes Bank, RBI Governor Shakti Kanta Das said on Friday. ....
Yes Bank crashes 72% after RBI takes chargePrivate lender Yes Bank lost nearly three-fourth of its share value during Friday's early trade after RBI superseded its board on Thursday. ....
All may not be lost for Yes Bank but insiders say its recovery to be slowAll may not be lost for crisis-hit Yes Bank with banking industry insiders pointing out that the bank has heavy duty collateral against loans. ....
'SBI need not pay more than Re 1 for Yes Bank share'As speculation over a takeover of Yes Bank grows, a research report by Macquarie Capital on Thursday pointed out that State Bank of India and other public sector banks need not pay more than Re 1 for Yes Bank share. ....
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