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What is YES Bank crisis?

YES Bank Crisis

About YES Bank Crisis

What is YES Bank crisis?

On March 5, 2020, the Reserve Bank of India (RBI) imposed a 30-day moratorium on YES Bank, superseded the private-sector lender’s board, and appointed Prashant Kumar, who was serving as chief financial officer and deputy managing director at State Bank of India (SBI), as an administrator. Under the terms of the moratorium, deposit withdrawals were capped at Rs 50,000 per person. The central bank proposed a reconstruction scheme under which SBI might take a maximum of 49% stake in the restructured capital of the bank. Analysts believed the new management of YES Bank, headed by former Deutsche Bank India head
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Latest Updates on YES Bank Crisis

YES Bank-DHFL case: ED attaches Rs 415 cr worth assets of builders

Assets worth Rs 415 crore of arrested Maharashtra builders Avinash Bhosale and Sanjay Chhabria have been attached in Yes Bank-DHFL bank loan fraud case, the Enforcement Directorate said.

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Updated On : 03 Aug 2022 | 11:58 PM IST

YES Bank's stressed loan portfolio: Understanding what went wrong at lender

The bank, in August, 2021 invited applications for setting up an ARC, planning to hold a 20 per cent stake in it. On the RBI's objection, it agreed to hold a minority stake in the ARC

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Updated On : 15 Jul 2022 | 12:39 PM IST

DHFL case: Denied bail, Yes Bank founder's wife, daughters move HC

Yes Bank founder Rana Kapoor's wife Bindu and daughters Roshni and Radha Kapoor Khanna on Monday approached Bombay High Court

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Updated On : 20 Sep 2021 | 9:06 PM IST

DHFL case: CBI court denies bail to Yes Bank's former business head

The court had, on Saturday, denied bail to Rana Kapoor's wife Bindu and daughters Radha and Roshini.

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Updated On : 20 Sep 2021 | 8:49 PM IST

YES Bank eyes own asset reconstruction company, invites EoIs from investors

In April, the RBI formed a 6-member panel headed by Sudarshan Sen, former ED, to carry out a comprehensive review of the working of ARCs in the financial sector ecosystem

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Updated On : 12 Aug 2021 | 12:25 AM IST

YES Bank case: Rana Kapoor's Rs 127-crore London flat attached by ED

It claimed that the agency obtained "information from a reliable source that Kapoor was trying to alienate this property in London and that he has hired a reputed property consultant

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Updated On : 26 Sep 2020 | 1:22 AM IST

HC queries Centre, RBI on treatment to PMC Bank depositors from YES Bank

The Delhi HC has directed the RBI and the Centre to explain as to how the depositors of scam-hit Punjab and Maharashtra Cooperative Bank are "differently circumstanced" in comparison to Yes Bank

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Updated On : 26 Jun 2020 | 10:47 PM IST

YES Bank senior leadership team to have 30% of CTC as variable pay

Private sector lender in a statement said the leadership team has taken a conscious and voluntary decision for the restructuring of their compensation package for FY 2020-21

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Updated On : 31 May 2020 | 10:24 PM IST

ED arrests Wadhawan brothers in money laundering probe related to Yes Bank

The Wadhawans are presently in jail after being arrested by the Central Bureau of Investigation (CBI), which is also probing the same case

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Updated On : 14 May 2020 | 7:46 PM IST

YES Bank case: Wadhawans' bail plea turned down, sent to judicial custody

As the CBI custody of the Wadhawan brothers ended on Sunday, they were presented before the court, which sent them to judicial custody

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Updated On : 11 May 2020 | 1:16 AM IST

YES Bank posts Rs 4,766-crore pre-tax loss in Q4; gross NPAs at 16.8%

The lender had psoted a pre-tax loss of Rs 2,338.31 crore in the same quarter of previous financial year

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Updated On : 07 May 2020 | 2:07 AM IST

Yes Bank scam: CBI takes DHFL promoters Wadhawan brothers into custody

The Wadhawan brothers are named as accused in the CBI FIR pertaining to swindling of money by Rana Kapoor and others, the officials said

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Updated On : 26 Apr 2020 | 5:08 PM IST

Covid-19 impact: Moody's takes rating action on three Indian NBFCs

Muthoot Finance's Ba2 CFR is affirmed and its outlook changed to negative from stable.

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Updated On : 14 Apr 2020 | 1:26 PM IST

Coronavirus outbreak puts brakes on corporate fraud investigations

Sources said the probe agencies are planning to move an application, seeking more time with respect to the filing of chargesheet in matters

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Updated On : 29 Mar 2020 | 12:00 AM IST

The life and times of YES Bank's flamboyant and self-absorbed Rana Kapoor

The spectacular meltdown at YES Bank reveals the mental makeup of someone only too eager to walk on life's wild side

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Updated On : 27 Mar 2020 | 8:18 PM IST
Updated On : 27 Mar 2020 | 12:46 AM IST

Writedown of YES Bank's additional AT-I bonds will result in risk aversion

According to ICRA's estimates, Rs 93,669 crore of AT-I bonds are outstanding as of now

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Updated On : 24 Mar 2020 | 9:24 PM IST

Best of BS Opinion: Use pvt health care sector, coronavirus fear, and more

Contagion is common to epidemics and banking. Read on. Uddalok Bhattacharya sums up

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Updated On : 23 Mar 2020 | 6:20 AM IST

Statsguru: From SBI to ICICI Bank, lenders come to YES Bank's rescue

The bank, however, could not hide its bad debt under the carpet for long as RBI auditors forced all banks to disclose their bad debts

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Updated On : 23 Mar 2020 | 12:22 AM IST

Clarification needed from RBI: Is 100% repayment of deposits guaranteed?

I wonder even in the case of nationalised banks whether a 100 per cent repayment of deposits is guaranteed

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Updated On : 22 Mar 2020 | 8:41 PM IST