Page 3 - Latest Updates on YES Bank Crisis
We are financially strong, well-capitalised and profitable, says RBL Bank
The lender said market rumours around financial health and stability of the bank are totally misplaced, motivated and not based on facts.
 "We are financially strong, well-capitalised and profitable, says RBL Bank")
YES Bank soars 96% in 2 days on Moody's ratings upgrade, positive outlook
The global rating agency Moody's has upgraded YES Bank's long-term foreign currency rating from "Caa3" to "Caa1" on bail-out package
 "YES Bank soars 96% in 2 days on Moody's ratings upgrade, positive outlook")
YES Bank case: ED summons Anil Ambani, Subhash Chandra and Naresh Goyal
The agency also calls Subhash Chandra, Naresh Goyal, Kapil Wadhawan, and Peter Kerkar in money laundering probe
 "YES Bank case: ED summons Anil Ambani, Subhash Chandra and Naresh Goyal")
Don't rush to withdraw deposits from YES Bank: RBI governor Shaktikanta Das
Das said the central bank had enough instruments for use if needed - they would be deployed at a time that would maximise impact
 "Don't rush to withdraw deposits from YES Bank: RBI governor Shaktikanta Das")
YES Bank crisis: Indiabulls Housing moves court seeking relief on AT1 bonds
According to court documents, the matter was mentioned on Monday. The plea will be clubbed with the petition filed by Axis Trustee, which represents the majority of the bondholders.
 "YES Bank crisis: Indiabulls Housing moves court seeking relief on AT1 bonds")
YES Bank to be removed from all BSE and NSE indices from March 20
In a circular sent to all its members, the BSE said the BSE S&P Index Committee has decided to remove YES Bank from all the S&P BSE indices with effect from this Friday, March 20
 "YES Bank to be removed from all BSE and NSE indices from March 20")
Moody's upgrades YES Bank's ratings; outlook changed to positive
The rating action concludes the review with direction uncertain that was initiated on Yes Bank's ratings on 06 March 2020. Ailing private sector bank was placed under moratorium on March 5, 2020.
Letter to BS: Govt needs to focus on revival of banking sector as a whole
During this period, YES Bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment
 "Letter to BS: Govt needs to focus on revival of banking sector as a whole")
YES Bank crisis: Rana Kapoor's custody extended by four days till March 20
The sessions court in Mumbai on Monday extended the custody of Rana Kapoor, former managing director and chief executive officer of crisis-hit YES Bank, till March 20
 "YES Bank crisis: Rana Kapoor's custody extended by four days till March 20")
HDFC to hold 7.97% stake in YES Bank for Rs 1,000 crore capital infusion
On Friday, HDFC said it is investing in 100 crore equity shares of Rs 2 each in Yes Bank for a consideration of Rs 10 per share (including Rs 8 premium) for an aggregate consideration of Rs 1,000 cr
Private lenders' 'act of kindness' to YES Bank irks investors
Peers investing indicates other investors' reluctance; banks must conserve capital first before bailing out the private lender
 "Private lenders' 'act of kindness' to YES Bank irks investors")
Investments in YES Bank aimed at providing stability, says SBI chief
SBI Card, the second largest largest credit card issuer in the country, got listed at 13 per cent discount at Rs 658 on the BSE, against the issue price of Rs 755.
 "Investments in YES Bank aimed at providing stability, says SBI chief")
Customers can access all banking services from Wednesday evening: Yes Bank
The government on Saturday notified the reconstruction plan for cash-strapped Yes Bank and said the moratorium will be lifted by 18:00 hrs on March 18, much earlier than the earlier date of April 3.
Yes Bank trading curbs: FPIs, institutional investors flag concerns
Several market observers said FPIs and other institutional investors have raised concerns regarding difficulty in liquidating their positions in cash and derivatives segment because of this scheme
 "Yes Bank trading curbs: FPIs, institutional investors flag concerns")
Anil Ambani files adjournment plea before ED in probe against Rana Kapoor
In a statement issued last week, the Reliance Group had denied any links with Kapoor, his family or entities controlled by them
 "Anil Ambani files adjournment plea before ED in probe against Rana Kapoor")
YES Bank to be dropped from Nifty 50, and other Nifty indices from March 19
In Nifty 100, Adani Transmission will replace Yes Bank, while in Nifty 500, Sterling and Wilson Solar will be added
Yes Bank reports Rs 18,564.2-crore loss in Q3; NPAs saw a sharp rise
Gross NPAs gallop to Rs 40,709 crore in Dec 19
 "Yes Bank reports Rs 18,564.2-crore loss in Q3; NPAs saw a sharp rise")
Yes Bank crisis: Federal Bank to invest Rs 300 cr for 300 mn shares
The Union Cabinet on Friday approved a reconstruction plan proposed by the RBI for bailing out fund-starved Yes Bank.
Bandhan Bank to invest Rs 300 cr in Yes Bank as part of reconstruction plan
ICICI Bank, HDFC, Axis Bank and Kotak Mahindra Bank too on Friday said they will join the SBI-led consortium and invest in Yes Bank
 "Bandhan Bank to invest Rs 300 cr in Yes Bank as part of reconstruction plan")
YES Bank gets Rs 3,100-cr lifeline from pvt lenders; moratorium to go soon
The YES Bank reconstruction plan will include an equity investment of at least Rs 11,350 crore from various entities, including multiple private lenders.
