The bank’s shareholding in Yes Bank will remain within 49 per cent of the paid up capital of the private sector lender. business Updated: Mar 12, 2020 17:57 IST Press Trust of India.
However, the provision will be triggered only if Yes Bank suffers a total collapse. Currently, RBI has assured that the amount deposited in Yes Bank is secure. For all the Latest Business News, Download News Nation Android and iOS Mobile Apps.
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THE YES BANK BAILOUT. In a government monitored rescue act, SBI, India's largest lender, approved the infusion of Rs 7,250 crore at Rs 10 a share for a 49 percent stake in Yes Bank on March 12, 2020.
The Reserve Bank of India (RBI) placed a 30-day moratorium on Yes Bank till April 3. According to a government gazette, Yes Bank depositors will be allowed to withdraw cash up to Rs 50,000 only.
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Read more about All banking services to resume from evening; ATMs have cash: YES Bank on Business Standard. On March 5, the RBI had imposed a moratorium on YES Bank, restricting withdrawals to Rs 50,000 per depositor till April 3 in view of its poor financial health due to bad loans.
Yes Bank shares fall 83 percent. 11:32 AM IST. RBI Governor talks about the Yes Bank crisis. 09:23 AM IST. Yes Bank shares plunge. 08:00 AM IST. SBI Board approves potential Yes Bank investment.
Yes Bank has reported a profit of Rs26.3bn for 4QFY20 on the back of exceptional gains worth Rs63bn arising out of AT1 write-off. Adjusted for this exceptional gain, the bank has reported a net loss of Rs36.7bn in 4QFY20 compared to a loss of Rs185.6bn in 3QFY20 and a loss of Rs15.1bn in 4QFY19.
State Bank of India (SBI) chairman Rajnish Kumar on Saturday sought to allay concerns regarding the proposed rescue plan for YES Bank, which involves the state-owned bank picking up a 49 per cent stake in the latter, subject to conditions.
State Bank of India, which can pick up a maximum 49% stake in Yes Bank, as per the draft reconstruction plan drawn by the Reserve Bank of India (RBI), expects the upper limit of investment in the.
Yes Bank is seeking exemption from the Securities and Exchange Board of India's (SEBI) six-month rule for its Rs 2,000 crore qualified institutional placement (QIP) scheduled for January, reports.
The central bank today said the State Bank of India (SBI) has expressed willingness to invest in crisis-ridden Yes Bank. India TV Business Desk New Delhi Updated on: March 06, 2020 23:46 IST.
Mumbai: Yes Bank founder Rana Kapoor's house in Mumbai was on Friday searched by the Enforcement Directorate, a day after the Reserve Bank of India took over the bank's board for a period of 30.
Axis Bank to explore possibility of strategic partnership with Max Life ICICI Bank gets 7.97% stake in YES Bank with Rs 1,000-cr capital infusion 'Call' buyers gain big as YES Bank rallies on news of investment offer YES Bank set to raise up to Rs 10,000 cr, won't proceed with Braich offer.I came here at 7 am to withdraw money,” Yogesh Sharma, a Yes Bank customer at Fort Branch in Mumbai told news agency ANI. Yes Bank’s own net banking facilities have not been operational since.Yes Bank founder Rana Kapoor taken to ED office for questioning Rana Kapoor has been taken by the Enforcement Directorate officials for further questioning. business Updated: Mar 07, 2020 14:15 IST.