Tag: Yes Bank

Industrialist Gautam Thapar booked in Rs 446-cr Yes Bank fraud

(This story originally appeared in on Jun 10, 2021) NEW DELHI: The CBI has filed an FIR against industrialist Gautam Thapar, promoter of the Avantha...

Want highest savings account interest rate? Try these 3 banks

Savings account interest rate is one important information that a bank depositor needs to become aware of. Those investors who want availability of funds at...

View: The RBI needs to cut the Gordian knot that threatens financial stability in India

At the heart of Reserve Bank of India’s (RBI) discussion paper, ‘ Revised Regulatory Framework for NBFCs’, released last Friday, is its concern that the...

Yes Bank aims to double credit card customer base in 2 years, grow book by 4-times: Head of credit card business

New Delhi: Private sector Yes Bank is looking to build a brand around its credit card business and aiming to double its customer base in...

View: RBI’s proposal to allow business houses into banking is fraught with risk for system

by Raghuram Rajan, Viral Acharaya The RBI recently released a report of an Internal Working Group (IWG) to review bank ownership guidelines. RBI reviews its...

RBI’s Lakshmi Vilas Bank bailout plan: Singapore’s DBS to take over, infuse Rs 2,500 crore

KOLKATA: DBS Bank India Ltd (DBIL) will take over ailing Lakshmi Vilas Bank (LVB) in a bailout proposed by the Reserve Bank of India (RBI)....

YES Bank analysis: YES Bank a multibagger in the making or a trap for investors?

After private lender YES Bank unveiled September quarter earnings this past Friday, the scrip has created some buzz among investors on Dalal Street. The bank...

Yes Bank to trim branches, ATMs and office spaces to lower costs

Mumbai: Yes Bank has chalked out a plan to close non-performing branches and ATMs, reduce office space by moving to a revolving desk layout and...

Market capitalisation does not reflect SBI’s true value

By Nikunj Dalmia Rajnish Kumar , outgoing SBI Chairman on his journey through challenges thrown up by demonetisation, GST, Covid and bank mergers not to...

View From New York: The Future is what it is!

As the US goes through back-to-back Convention weeks by both the political parties in August, the focus continues to be on the impact of the...

CARE downgrades Morgan Credits to D; four schemes of Nippon India MF affected

CARE Ratings downgraded the debt worth ₹106.30 crore issued by Morgan Credits Pvt. Ltd from BB to D (default) on 20 July. Four schemes of...

Q1 earnings: Don’t get too excited about Q1 earnings yet; real shocks ahead

Mr Market continued its rangebound movement with intermittent hiccups due to a constant rise in daily Covid-19 count, though it has been cushioned by hopes...

Yes Bank FPO subscription status: YES Bank FPO barely crosses the halfway mark on Day 3: Will it sail?

NEW DELHI: YES Bank‘s Rs 15,000 crore follow-on public offer saw 52 per cent subscription by midday of Day 3, the last day of the...

Yes Bank to auction properties of Essel Infra, SKIL Infra in July to recover dues

NEW DELHI: Yes Bank will next month auction properties of Essel group firm Essel Infraprojects and SKIL Infra to recover dues of Rs 1,368.16 crore....

india trade surplus: India may see a trade surplus after 10-12 years; to keep currency stable: Prashant Jain

I have been reasonably confident that life will come back to near normal pretty quickly, says ED & CIO of HDFC AMC. Why don’t you...

There is a case for buying AT1 bonds. But should you?

We discussed earlier, the debacle in Yes Bank additional tier 1 (AT1) perpetual bonds, how they were mis-sold to investors who are not savvy, and...

PMLA court summons Rana Kapoor, 7 others to appear on June 5 in Yes Bank money laundering case

Mumbai: A special Prevention of Money Laundering Act (PMLA) court here on Saturday took cognisance of the prosecution complaint (PC), equivalent to a chargesheet filed...

dhfl promoters: In show of speed, CBI arrested Wadhawans after getting stay order vacated on weekend

NEW DELHI: The Central Bureau of Investigation acted swiftly to arrest DHFL promoters Kapil and Dheeraj Wadhawan. Rather than waiting for May 5, the next...

IndusInd Bank share price: What made IndusInd Bank shares jump 10% despite Q4 profit miss

NEW DELHI: Shares of IndusInd Bank surged 10 per per cent as soon as the scrip opened for trade on Tuesday. Deposits seem to have...

Bandhan Bank: Bandhan steps out to reassure Street after Ambit thumbs down

Bandhan Bank, which grew out of India’s biggest success story in microfinance, on Monday said that its liquidity and growth in deposits and advances remained...

Not abcondors, had valid permission to travel to Mahabaleshwar: Wadhawans

MUMBAI: DHFL promoters Kapil and Dheeraj Wadhawan have claimed that they cannot be termed as ‘absconders’ as they secured official permission from the Maharashtra government...

Coronavirus impact on economy and market: It’ll take India 9 months to come out of virus crisis: Deepak Parekh

MUMBAI: Deepak Parekh has dubbed the current crisis a human economic financial (HEF) crisis, completely different from the Global Financial Crisis of 2008, and said...

Keep status quo on asset classification: HC to banks

Kolkata: The Delhi High Court has given some relief to companies that have missed a loan repayment or two but whose loans were not classified...

market recovery: Indian market will see recovery through private banks: Deepak Shenoy

How are you reading into the pharma rally that we are witnessing in trade today? Of course there is the news of the government easing...

Covid-19 Impact: Two former senior executives of IL&FS get bail

A Mumbai sessions court granted interim bail to former Infrastructure Leasing & Financial Services (IL&FS) vice chairman Hari Sankaran and former managing Director of IL&FS...