There's need for an insolvency framework for financial sector
Grey market premiums have dropped to 10% after last week's market fall.
Why did the Reserve Bank have to take the moratorium route to sew the deal? Why now?
Things could have been "nipped in the bud" by the RBI if it drew lessons from the bitter past episodes of banks 'covering up' their solvency
The sources refused to elaborate on the nature of the probe -- preliminary enquiry or an FIR -- or people arraigned, but affirmed that a formal investigation has begun
The investments in AT-1 bonds of Yes Bank were made in 2017, as part of its treasury management of over Rs 20,000 crore of cash and when the bank was worth over USD 10 billion in value, it said
Weak compliance, poor governance and greed led to the bank's failure as it lent to borrowers who did not have the ability to repay
The ED arrested Kapoor, 62, early Sunday morning in connection with a money-laundering probe
Former YES Bank MD & CEO Rana Kapoor was grilled by the ED for several hours on Saturday, and searches were conducted at his and his daughters' houses
Sources said the agency might also register a separate case against Rana Kapoor, depending on the outcome of the search operation.
The source said the searches are being carried out at the residential premises of all three daughters -- Rakhee Kapoor Tandon, Roshni Kapoor and Radha Kapoor
The ED had searched Rana's residence in the upscale 'Samudra Mahal' complex in the Worli area on Friday night and had grilled him there too
Confirming the development, an ED official said searches would continue over the weekend and Kapoor might have to face questioning by sleuths
They said the raid is being carried out at his Samudra Mahal residence in the western metropolis
The central bank's takeover of Yes Bank appears intended to restore depositor confidence
Macquarie Capital Securities also said if State Bank of India (SBI) decided to buy stake in the bank, they should buy it at Rs 1 per share as the net worth is hugely impaired
Some of the country's biggest and most-storied businessmen saw their fortunes fade in 2019.
10 promoters entered the billionaire list in 2019; Anil Ambani, Subhash Chandra among big names who left the club
Here are the top news stories that made headlines today
The bank's stock has fallen 65% to Rs 64.15 a share, this year to date