Page 2 - Latest Updates on YES Bank Crisis
From KYC to KYB - know your bank
Customers have the right to know their banks as much as the banks do their customers
 "From KYC to KYB - know your bank")
No certainty of success with YES bailout plan
Unless a resolution mechanism designed for a quick turnaround of stressed financial institutions is implemented, we will continue to lurch from one crisis to the next
 "No certainty of success with YES bailout plan")
CARE downgrades rating of Rana Kapoor-linked firm, citing CBI probe
Agency concerned investigation may hit asset valuation, monetisation
 "CARE downgrades rating of Rana Kapoor-linked firm, citing CBI probe")
YES Bank crisis: Court sends Rana Kapoor to judicial custody till April 2
The former banker was arrested on March 8 by the ED under the provisions of Prevention of Money Laundering Act (PMLA) and was since in the probe agency's custody
 "YES Bank crisis: Court sends Rana Kapoor to judicial custody till April 2")
RBI names R Gandhi, Ananth Gopalkrishnan addl directors on YES Bank Board
Appointment is for two years; this is Gandhi's second stint in the same capacity
 "RBI names R Gandhi, Ananth Gopalkrishnan addl directors on YES Bank Board")
Top headlines: Airlines ground aircraft, SoftBank to raise $10 bn, & more
From ED asking Anil Ambani to appear again on March 30 to Ambanis raising personal shares in RIL, Business Standard brings to you the top headlines of the day
 "Top headlines: Airlines ground aircraft, SoftBank to raise $10 bn, & more")
YES Bank probe: ED grills Anil Ambani for 9 hrs, calls him again on Mar 30
The agency has also sent a second summons to Essel Group chairman and Rajya Sabha MP Subhash Chandra to appear before it on March 21
 "YES Bank probe: ED grills Anil Ambani for 9 hrs, calls him again on Mar 30")
As Yes Bank services resume, Prashant Kumar reassures safety of deposits
The banking services resumed at 6 pm on March 18, 2020, and customers were able to get full services by visiting the branches from March 19, 2020. The banking services resumed at 6 pm on March 18, 20
 "As Yes Bank services resume, Prashant Kumar reassures safety of deposits")
YES Bank fallout: Retirees stare at a gaping hole in their savings
Investors include armed force veterans, govt employees, IT sector staff
 "YES Bank fallout: Retirees stare at a gaping hole in their savings")
YES Bank transfers Puri Jagannath Temple's Rs 389-cr FD account to SBI
In the letter addressed to Chief Administrator of the temple shrine, Yes Bank said it has two more FDs of Rs 156 crore which will be transferred by the end of this month.
 "YES Bank transfers Puri Jagannath Temple's Rs 389-cr FD account to SBI")
A discredited business world
The YES Bank debacle together with serial abscondings (Lalit Modi, Vijay Mallya, Nirav Modi) and spectacular business busts (IL&FS, DHFL, Jet Airways) has helped Indian business reputation hit a low
 "A discredited business world")
YES Bank crisis: Madhu Kapur sells 25 million shares worth Rs 160 cr
Three-fourth of this holding has been locked-in for three years as part of the restructuring plan for the bank
 "YES Bank crisis: Madhu Kapur sells 25 million shares worth Rs 160 cr")
All banking services to resume from evening; ATMs have cash: YES Bank
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
Top events of the day: YES Bank to resume services, Covid-19, and more
Training camps of javelin throwers Neeraj Chopra and Shivpal Singh in Turkey and South Africa, respectively, have been cancelled and they are in the process of returning to India
 "Top events of the day: YES Bank to resume services, Covid-19, and more")
YES Bank looks to recover Rs 8,500 cr from loan defaulters in next fiscal
Administrator Prashant Kumar said the bank had made adequate preparations for any surge in withdrawal of deposits
 "YES Bank looks to recover Rs 8,500 cr from loan defaulters in next fiscal")
Zee Entertainment stock falls 20% a day after ED summons Subhash Chandra
Zee on Tuesday said it had no borrowings from YES Bank at all
 "Zee Entertainment stock falls 20% a day after ED summons Subhash Chandra")
The mystery behind surreal gain in crisis-hit YES Bank's stock price
Rs 10K-cr infusion, lock-in and hurried short-covering led to 2.3x surge in the stock
 "The mystery behind surreal gain in crisis-hit YES Bank's stock price")
YES Bank might face withdrawal rush after moratorium removal: Report
On March 5, the Reserve Bank of India (RBI) imposed a moratorium on the troubled private sector lender, including capping withdrawals at Rs 50,000 per depositor.
SBI to up YES Bank stake to 49%, will not sell share before 3 yrs: Chairman
Stating that the investors will not regret coming on board a new Yes Bank, he pointed to the massive rise in the share price of the scrips
 "SBI to up YES Bank stake to 49%, will not sell share before 3 yrs: Chairman")
Like promoters, let us gain from equity: YES Bank AT-1 bondholders in court
Along with the institutional bondholders, an individual investor -- a cancer survivor -- also moved the court to seek relief on Rs 10 crore exposure to AT-1 bonds
