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YES Bank plunges 20% as Madhu Kapur sells 2.5% stake in bank

Thursday, March 19, 2020, 11:01 AM

YES Bank plunges 20% as Madhu Kapur sells 2.5% stake in bank

Shares of YES Bank plunged nearly 26% in Thursday's trade after the single largest promoter Madhu Kapur, the widow of its founder chairman Ashok Kapur, sold 2.5 crore bank shares in a block deal. The stock fell 26% to hit a low of Rs 45.15 on the BSE. The stock later recovered but was still trading 24% lower at Rs 46.25.

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DHFL Wadhawans skip ED summons, cite COVID-19 as reason

Wednesday, March 18, 2020, 11:18 AM

DHFL Wadhawans skip ED summons, cite COVID-19 as reason

Failing to appear despited being repeatedly summoned by the ED in a money-laundering-case against Yes-Bank cofounder Rana Kapoor, DHFL; Kapil Wadhawan, promoter of the beleaguered Mumbai-based NBFC has cited COVID-19 pandemic as the reason behind being unable to join the investigation. "Further, the current environment of the COVID-19 virus pandemic it is a government directive to curtail travel," the reply reviewed by ET read.

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17 March 2020, Tuesday

What is the Government Yes Bank Rescue Plan?

What is the Government Yes Bank Rescue Plan? RBI has superseded the board of Yes Bank and taken charge of it. This is a very rare incident where th ...

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Friday, March 13, 2020, 3:45 PM

Action on Yes Bank a welcome step: Ridham Desai, Morgan Stanley

The foreign institutional investors (FIIs) are facing redemptions, so they are selling. They are adjusting their portfolios and are selling what can be sold, said Ridham Desai, head of India equity research & India equity strategist at Morgan Stanley. High quality stocks are falling and are getting hit the most because they are the ones that can be sold the most, he added.

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New management of Yes Bank ruined it, founder Rana Kapoor tells special PMLA court

Thursday, March 12, 2020, 10:15 AM

New management of Yes Bank ruined it, founder Rana Kapoor tells special PMLA court

Rana Kapoor, the founder of Yes Bank had reportedly been in talks with RBI and Ministry of Finance for an alleged takeover of Yes Bank, a week before searches at his residence were carried-out. Kapoor blamed the new-management of the bank for its condition. Rana Kapoor was being produced in court as his custody ended on Wednesday after being placed under arrest on March-8.

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YES Bank AT1 holders postpone case after negotiations begin with RBI

Wednesday, March 11, 2020, 2:36 PM

YES Bank AT1 holders postpone case after negotiations begin with RBI

YES Bank's AT1 bond holders have decided to postpone the matter due for hearing in the Bombay High Court today after the RBI showed willingness to negotiate with them, people in the know said.Negotiations are on to convert a part of the Rs 8,800 crore bonds into equity and Axis Trustee is in the process of submitting a final proposal to the RBI.

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YES Bank customers can clear credit card dues from other accounts

Wednesday, March 11, 2020, 12:20 PM

YES Bank customers can clear credit card dues from other accounts

The YES Bank has allowed its credit card customers to clear their dues and make loan repayments from other bank accounts. The bank said that it has enabled inward payments through IMPS/NEFT and customers can make payments towards their credit card dues and loan obligations through other accounts. The central bank also appointed Prashant Kumar as the administrator.

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YES Bank shares jump 30% as SBI expects moratorium exit within week

Wednesday, March 11, 2020, 11:56 AM

YES Bank shares jump 30% as SBI expects moratorium exit within week

Shares of YES Bank zoomed 30 per cent in Wednesday's early trade after administrator Prashant Kumar on Monday said he is hopeful of the moratorium on the private sector lender being lifted by Saturday. Shares of YES Bank jumped 77.47 per cent to an intraday high of Rs 28.75 on Wednesday against its close of Rs 16.20 on March 6.

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Customers Can Now Use IMPS, NEFT To Pay Dues, Says Yes Bank

Tuesday, March 10, 2020, 4:19 PM

Customers Can Now Use IMPS, NEFT To Pay Dues, Says Yes Bank

Crisis-hit private sector lender Yes Bank said on Tuesday that customers can now make certain payments through its instant money transfer services National Electronic Funds Transfer (NEFT) and Immediate Payment Service (IMPS). In a post on Twitter in morning, Yes Bank said its customer can pay "their credit card dues" and "loans from other bank accounts" using the two wire transfer services.

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YES Bank insolvency may tighten credit market, widen economic pain: S&P

Monday, March 9, 2020, 4:15 PM

YES Bank insolvency may tighten credit market, widen economic pain: S&P

S&P Global Ratings said quick resolution of YES Bank insolvency will keep India's banking sector contagion at bay, but as credit markets tighten there could be a possibility of wider economic pain in the country. The Reserve Bank last week imposed a moratorium on the capital-starved YES Bank, capping withdrawals at Rs 50,000/account and superseding the board of the private-sector-lender with immediate effect.

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