YES Bank
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Business
Yes Bank case: ED arrests CFO, internal auditor of Cox and Kings
New Delhi: The Enforcement Directorate (ED) arrested CFO and Internal Auditor of Cox and Kings Group (CKG) under Section 19 of Prevention of Money Laundering Act, 2002 (PMLA) for the offence of money laundering in connection with Yes Bank case. Both…
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India
Yes Bank fraud case: HC grants bail to Wadhawan brothers
Mumbai: The Bombay High Court on Thursday granted bail to Dewan Housing Finance Corporation Ltd promoters Kapil Wadhawan and Dheeraj Wadhawan, who have been accused of money laundering by the…
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News
Yes Bank takes over Anil Ambani’s ADAG headquarters
Sruthi Vibhavari Mumbai: On Wednesday (July 29), the first batch of Rafale jets landed in India, five years after the central government signed a contract with Anil Ambani. However, coincidentally, the…
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Business
Yes Bank approves price band for Rs 15,000 crore FPO
Mumbai: The capital raising committee of the board of directors at Yes Bank on Friday approved the floor price at Rs 12 per equity share and cap price at Rs…
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Business
Yes Bank case: ED raids five premises of Cox and Kings in Mumbai
Mumbai: The Enforcement Directorate on Monday raided at least five premises of global tours and travel company Cox and Kings in Mumbai in connection with the Yes Bank money laundering…
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India
Yes Bank founder fears COVID-19 infection in jail, seeks bail
Mumbai: Fearing infection by the coronavirus in jail, Yes Bank founder Rana Kapoor on Friday applied for bail in the money-laundering case in which he is lodged in Taloja Prison,…
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Business
RBI extends Rs 60,000-cr credit line to Yes Bank
New Delhi: To tide over liquidity issue, the Reserve Bank of India (RBI) has extended Rs 60,000-crore credit line to Yes Bank so that it meets obligation of depositors, sources…
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India
Anil Ambani reaches ED office for questioning in Yes Bank case
Mumbai: Reliance Group Chairman Anil Ambani on Thursday reached the office of Enforcement Directorate (ED) for questioning in connection with a money laundering case related to Yes Bank founder Rana…
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India
Yes Bank crisis: ED summons Subhash Chandra
Mumbai/New Delhi: As the Yes Bank probe gathers momentum, the Enforcement Directorate (ED) has now summoned all the large borrowers who were given loans by the Rana Kapoor-led management. ED summons…
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Business
Yes Bank to restart full-fledged services from Wednesday
Mumbai: Financially troubled Yes Bank will restart full-fledged banking services from Wednesday, 6 p.m. onwards. Accordingly, the Reserve Bank imposed moratorium will come to an end at the same time.…
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Top Stories
Yes Bank: ED summons Anil Ambani
New Delhi: Reliance Group Chairman Anil Ambani has been summoned by the ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said…
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Business
Yes Bank posts staggering Q3 standalone net loss of Rs 18,560 cr
Mumbai: Financially troubled Yes Bank on Saturday reported a standalone net loss of Rs 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest…
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Business
Moratorium on Yes Bank to be lifted
New Delhi: The government has notified the Yes Bank reconstruction scheme as per which the moratorium on the troubled private sector lender will be lifted on March 18. Current administrator…
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Politics
AAP holds protest inside Parliament premises over Yes Bank
New Delhi: Aam Aadmi Party (AAP) MPs on Wednesday protested in front of Gandhi statue inside Parliament premises over the Yes Bank crisis. They raised slogans like “Bank lootne walon…
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Politics
AAP gives notice in Rajya Sabha over Yes bank crisis
New Delhi: Aam Aadmi Party (AAP) MP Sanjay Singh on Wednesday gave a Zero Hour Notice in Rajya Sabha over the ongoing Yes bank crisis. In a letter to Secretary-General…
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Stock Market
Equity indices flat in volatile trading, Yes Bank jumps 20 pc
Mumbai: Equity benchmark indices wobbled during early hours on Wednesday as their Asian peers dropped amid spreading coronavirus (Covid-19) globally. At 10:15 am, the BSE S&P Sensex was down by…
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Top Stories
Yes Bank: Rana Kapoor laundered Rs 4,300 cr black money, says ED
MUMBAI: While seeking the custody of Yes Bank founder Rana Kapoor, the Enforcement Directorate contended that prima facie he was involved in generating ₹4,300 crores in black money and “laundering” the…
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India
Yes Bank case: CBI raids 7 locations in Mumbai
Mumbai: The CBI on Monday carried out searches at seven locations here in connection with a corruption case registered against Yes Bank founder Rana Kapoor, Dewan Housing Finance Limited (DHFL) as…
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Technology
PhonePe transactions back to normal after Yes Bank fiasco
Bengaluru: As the Yes Bank fiasco hit UPI-based transactions last week, PhonePe that was solely using Yes Bank’s services worked overnight with the National Payments Corporation of India (NPCI) and ICICI…
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India
Govt taking strict action: Ravi Shankar on Yes Bank crisis
Patna: Union Law and Justice Minister Ravi Shankar Prasad on Sunday said that the government has initiated strict action regarding the Yes Bank issue. Speaking to media, when asked about…
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India
ED arrests Yes Bank founder Rana Kapoor under PMLA
Mumbai: The Enforcement Directorate arrested Yes Bank founder Rana Kapoor under money laundering charges here in the early hours of Sunday, officials said. The banker was held under the provision…
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Business
Yes Bank debit cards can be used at other banks also
New Delhi: Yes Bank announced late Saturday that its debit cards can be used for withdrawing cash at other bank ATMs also. The move comes after long queues were seen…
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Business
LIC may be roped in rescue scheme for Yes Bank
Mumbai: State-owned insurer Life Insurance Corporation may consider joining RBI efforts to rescue Yes Bank. This can help to increase capital infusion under the draft scheme to rescue Yes Bank…
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India
Yes Bank founder Rana Kapoor taken to ED office in Mumbai
Mumbai: Yes Bank founder Rana Kapoor was taken to Enforcement Directorate (ED) office for questioning on Saturday. Earlier, the agency conducted raids at Kapoor’s residence located at ‘Samudra Mahal’ residential…
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India
Yes Bank: Firms of Anil Ambani, Chandra on list of borrowers
New Delhi: After the RBI superseded the board of Yes Bank and placed withdrawal restrictions, Finance Minister Nirmala Sitharaman said that the crisis-hit lender’s exposure to stressed corporates dates before…
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Business
Moody’s downgrades Yes Bank, ratings remain under review
Singapore: Moody’s Investors Service has downgraded Yes Bank Ltd’s long-term foreign currency issuer rating to Caa3 from B2. The ratings remain under review with the direction uncertain. Moody’s has also…
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Business
Yes Bank depositors’ money safe, RBI working on resolution: FM
New Delhi: Finance 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…
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Top Stories
Yes Bank: Govt ‘destroyed’ economy, says Rahul Gandhi
New Delhi: Taking a dig at the BJP-led government over the moratorium placed on Yes Bank, Congress leader Rahul Gandhi on Friday, said that Prime Minister Narendra Modi and his…
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Business
Angry Mumbai customers queue up at Yes Bank for cash
Mumbai: Distressed 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…
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India
Yes Bank depositors’ interests will be protected: Govt
New Delhi/Mumbai: The interests of Yes Bank depositors will be protected and the Reserve Bank of India (RBI) will soon put in place a mechanism to revive the capital-starved public…
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