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Yes Bank crisis News

23 Sep 2021

Incompetent employees in YES Bank should be removed: Ex-director Agarwal

Most of his concerns were related to the corporate governance of the bank. Agarwal said that there are several members who were working with the old upper management and are working with the new one as well. Agarwal said that since SBI came forward to rescue debt-laden YES Bank, the situation has improved at the private lender.

Yes Bank crisis

21 Mar 2020

RBI appoints two additional directors to Yes Bank board

The Reserve Bank of India on Friday (March 20) announced the appointment of R Gandhi, former RBI Deputy Governor, and Ananth Narayan Gopalakrishnan, Associate Professor at SP Jain Institute of Management and Research, as additional directors to the board of Yes Bank.

Yes Bank crisis

18 Mar 2020

Yes Bank resumes banking services as RBI lifts moratorium

Yes Bank also issued a statement, “Our banking services are now operational. Customers can now experience the full suite of our services.”

Yes Bank crisis

18 Mar 2020

Crisis-hit Yes Bank to resume full banking services from 6 PM today

Yes Bank administrator Prashant Kumar had said on Tuesday that Yes Bank will resume normal operations from 6 pm on March 18. Kumar also claimed that there is no liquidity problem with Yes Bank.

Yes Bank crisis

16 Mar 2020

Yes Bank to resume banking services from March 18 evening

Yes Bank has posted a net loss of Rs 18,654 crore for the third quarter ended December 31 due to huge provisioning for bad loans.

Yes Bank crisis

16 Mar 2020

Special ED court extends Yes Bank founder Rana Kapoor's custody till March 20

Days after Yes Bank founder Rana Kapoor was arrested by the Enforcement Directorate (ED), Mumbai's Special Court on Monday (March 16, 2020) ordered the extension of his custody till March 20. This is the second time the court has extended Kapoor's custody for questioning in connection with several allegations of financial misconduct against him

Yes Bank crisis

14 Mar 2020

Yes Bank crisis: Current administrator Prashant Kumar appointed as new MD, CEO

Also, the moratorium on the debt-ridden bank will be lifted within three days of notifying the scheme on March 18 at 6 pm.

Yes Bank crisis

13 Mar 2020

Maharashtra government asks depts to shift accounts to nationalised banks

In the wake of reports of such moves being mulled by some states, the Reserve Bank had on Thursday written to state governments not to shift away from private-sector lenders, flagging its concerns on financial stability. The fiasco at Yes Bank, a private sector lender, has led some state governments to think on these lines.

Yes Bank crisis

13 Mar 2020

CBI files fresh case against Yes Bank founder Rana Kapoor, wife

The CBI is also conducting searches at several locations in the national capital and Mumbai in connection with the fresh case.

Yes Bank crisis

13 Mar 2020

ICICI Bank, Axis Bank, HDFC Bank to invest in crisis-hit Yes Bank

Kotak Mahindra Bank has also confirmed that it will invest Rs 500 crore in Yes Bank to acquire 50 crore shares.

Yes Bank crisis

13 Mar 2020

Moratorium on Yes Bank to be lifted 3 days after notifying RBI's scheme: FM

The Finance Minister said, "State Bank of India (SBI) will invest up to 49 per cent of the equity. Other investors are also being invited."

12 Mar 2020

Rahul's faux pas, calls himself Leader of Opposition, refers to Yes Bank

Slamming the PM Modi over the present condition of the economy, Rahul urged him to speak to the country regarding the same.

Yes Bank crisis

11 Mar 2020

Yes Bank RTGS services enabled to allow users to make payments towards loans

"Inward RTGS services have been enabled. You can make payments towards YES BANK Credit Card dues and loan obligations from other bank accounts," the bank said in a tweet on Wednesday.

Yes Bank crisis

11 Mar 2020

Mumbai court extends Yes Bank founder Rana Kapoor's ED custody till March 16

A PMLA court on Wednesday (March 11, 2020) extended troubled private sector lender Yes Bank founder Rana Kapoor's Enforcement Directorate custody till March 16.

10 Mar 2020

Yes Bank account holders can pay their loans, credit card dues using NEFT

The moratorium on withdrawals and difficulty in withdrawing amounts from bank ATMs and branches has put the customers in a lot of difficulties.

Yes Bank crisis

09 Mar 2020

Yes Bank crisis: CBI issues lookout notice against 7 accused

Earlier, CBI investigation into the case revealed that Rana and his family members were paid Rs 600 crore as kickback by DHFL promoter Kapil Wadhwan in the garb of a 'builder loan'.

09 Mar 2020

PhonePe services return to normal after Yes Bank crisis

All merchant payment settlements were restored by Friday noon and all consumer wallet, credit and debit card payments were restored by 3 pm, the company said in a statement.

Yes Bank crisis

09 Mar 2020

Yes Bank scam: CBI conducts raids at 7 locations in Mumbai, Delhi

According to PTI reports, the team of investigation agency are carrying out operations at the residence and official premises of the accused in Mumbai.

Yes Bank crisis

09 Mar 2020

BJP claims Gandhi family link in Yes Bank crisis, Congress rejects charge

A war of words erupted between the BJP and Congress on Sunday (March 8) with the BJP's information and technology wing in-charge Amit Malviya claiming that every financial crime in India has "deep links" with the Gandhis.

Yes Bank crisis

08 Mar 2020

Allow Puri Jagannath Temple to withdraw funds from Yes Bank: Odisha FM

Odisha Finance Minister Niranjan Pujari has written to Union Finance Minister Nirmala Sitharaman requesting her to issue instructions to RBI to allow Puri Jagannath Temple administration to withdraw the temple`s fund of Rs 545 crore from the crisis-hit Yes Bank.

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