Page 6 - Latest Updates on Rana Kapoor
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
 "HDFC to hold 7.97% stake in YES Bank for Rs 1,000 crore capital infusion")
NSE decides to pre-pone YES Bank's exclusion from indices to this Thursday
Public shareholders have Rs 8,673 cr exposure to bank
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 crisis: ED summons Anil Ambani in probe against Rana Kapoor
Confirming the development, an ED official said the agency was examining all the big borrowers of the bank, and the stressed loans sanctioned during Kapoor's tenure
 "YES Bank crisis: ED summons Anil Ambani in probe against Rana Kapoor")
YES Bank looks to contain slippages to around Rs 8,500 crore in FY21
Its standard advances after subtracting net NPAs were about Rs 1.75 trillion at end-December
 "YES Bank looks to contain slippages to around Rs 8,500 crore in FY21")
Fresh blows, disappointments to investors of crisis-hit YES Bank
Auditors cast doubts on bank's ability to remain a going concern, investors holding more than 100 shares barred from selling stock
 "Fresh blows, disappointments to investors of crisis-hit YES Bank")
YES Bank fiasco: Mutual funds to approach Sebi on 3-year lock-in
Nifty, Bank Nifty funds will have to sell stock after index exclusion
 "YES Bank fiasco: Mutual funds to approach Sebi on 3-year lock-in")
YES Bank crisis: How Rana Kapoor's firm expanded aggressively through loans
According to sources, the Kapoor companies invested around $10-11 million in Awfis but their shareholding got diluted as new investors came in.
 "YES Bank crisis: How Rana Kapoor's firm expanded aggressively through loans")
Company, promoters don't have any outstanding term loan from YES Bank: IHFL
The bank asserted that its financial health is sound and the Capital to Risk Weighted Assets ratio, the main parameter, is well above the limit prescribed by the RBI
YES Bank crisis: CBI files another case against Rana Kapoor, wife
'Conspired' with Avantha group and bought house at discounted price
 "YES Bank crisis: CBI files another case against Rana Kapoor, wife")
Banks, depositors, taxpayers
Depositors are a subset of taxpayers. A depositor also pays tax. So what he gains as a depositor he may well be losing as a taxpayer
 "Banks, depositors, taxpayers")
ICICI Bank, HDFC, Kotak and Axis Bank join SBI to invest in YES Bank
The ICICI Bank in a regulatory filing said that the board has approved an equity investment of up to Rs 1000 crore in equity shares of YES Bank Limited
 "ICICI Bank, HDFC, Kotak and Axis Bank join SBI to invest in YES Bank")
Schools for scandal: No silver-bullet solution for India's financial sector
The cure might lie in things like improving market intelligence, responding to early signals, improving efficacy of prosecution, and understanding structures and inter-dependence, writes T N Ninan
Union Cabinet clears draft resolution scheme for YES Bank revival
The scheme was announced a day after the RBI imposed a month-long moratorium on YES bank
Yes Bank crisis: RBI asks state govts not to move deposits from pvt banks
Himachal Pradesh Chief Minister Jai Ram Thakur informed the Assembly that more than Rs 1,900 crore belonging to the state government and people in the state are stuck in Yes Bank
Rana Kapoor's wife Bindu was director in 42 firms, some named in CBI FIR
Former Yes Bank founder, Rana Kapoor's wife, Bindu was a director in the main investment and holding companies associated with Rana Kapoor, including Morgan Credits, YES Capital
 "Rana Kapoor's wife Bindu was director in 42 firms, some named in CBI FIR")
Top 10 biz headlines: ED probes Rana Kapoor, GST on phones to rise and more
From Gujarat HC's notices over surcharge imposition to IndiGo's profit warning, here are the top 10 business stories for the day
 "Top 10 biz headlines: ED probes Rana Kapoor, GST on phones to rise and more")
Question marks remain over YES Bank rescue
The revised rescue plan for YES Bank looks better but it remains to be seen if it will be adequate to repair the damage done to confidence in the bank
 "Question marks remain over YES Bank rescue")
ICAI to review YES Bank's financial statements for FY18 and FY19
Firms say there are limits to audits identifying ever-greening of loans, or flagging suspect collateral securities
 "ICAI to review YES Bank's financial statements for FY18 and FY19")
Over 100 people in Yes Bank's 'top management' may lose ESOPs, bonuses
The first-of-its-kind move will mark the activation of RBI's ironclad November 4, 2019 guidelines on the compensation
