Search Results for: moratorium

Good news for depositors as Moratorium on Yes Bank to be removed on March 18

On March 5, the Reserve Bank of India superseded the board of Yes Bank after it was unable to raise fresh capital.

Mar 14, 2020

SBI, ICICI Bank, HDFC Bank, LIC, others to invest Rs 11,700 crore to revive Yes Bank

Public-sector undertaking State Bank of India will be joined by seven other private lenders namely HDFC Bank, ICICI Bank, Kotak Bank, Axis Bank, Damani, Jhunjhunwala, and Azim Premji Trust to pick up stake and support revival of Yes Bank. LIC has also been roped in by the RBI to revive the private-sector lender

Mar 13, 2020

Deposited money is safe: RBI asks state government to stop withdrawals from private banks

The trigger of such heavy withdrawal is believed to be the Yes Bank crisis that was superseded by the RBI placed restrictions on withdrawals.

Mar 13, 2020

Yes Bank enables inward IMPS, NEFT transactions; customers can now pay dues

In a tweet, Yes Bank said the customers can pay their credit card dues and loan from other bank accounts using the two wire transfer services.

Mar 10, 2020

Founder and former managing director of Yes Bank Ltd, Rana Kapoor

Aftermath of Yes Bank crisis: 40,000 customers abroad panic, CBI files FIR against Kapoor and his family

Post moratorium issued by RBI on Yes Bank, and Rana Kapoor's residence being raided, CBI has now registered FIR against Yes Bank founder Rana Kapoor, his wife and three daughters accusing them of bribery, money laundering and cheating under the PMLA and Prevention of Corruption act.

Mar 10, 2020

Yes Bank crisis: Founder Rana Kapoor arrested by ED for money laundering

The ED had Friday registered a money laundering case against Kapoor and raided his Samudra Mahal residence at Worli, Mumbai, in connection with the large sum of loans granted to Dewan Housing Finance Ltd (DHFL).

Mar 8, 2020

Exclusive: PhonePe is back with ICICI as new UPI partner; nothing changes for 20cr users

After RBI's moratorium on Yes Bank, PhonePe now has a new UPI partner, ICICI Bank.

Mar 7, 2020

Yes Bank crisis explained: What led to the downfall of India's fifth largest private lender?

An RBI moratorium was the last resort to ensure Yes Bank lives through its crisis of deteriorating financial health and a huge pile of bad credits, while State Bank of India stepped in to save the bank by suggesting schemes of reconstruction or amalgamation.

Mar 7, 2020

SBI keen to acquire 49% stakes in Yes Bank: How much will it cost?

SBI Chairman Rajnish Kumar told reporters at a press conference today that the rescue of Yes Bank was a "must," less than two days after the RBI took control of the capital-starved bank.

Mar 7, 2020

Yes Bank founder Rana Kapoor's Mumbai house raided after ED registers money laundering case

Registering a money laundering case under PMLA against Yes Bank Director Rana Kapoor, the Enforcement Directorate raided his Mumbai residence and will soon issue a look out notice against him as well.

Mar 7, 2020

RBI's moratorium on Yes Bank affects operations of its digital partner PhonePe

The digital payment service provider PhonePe dependent on Yes Bank for processing its transactions was impacted by the moratorium issued by RBI, resulting in service shutdown for long hours.

Mar 6, 2020

YES Bank revival scheme: RBI announces reconstruction plan for capital-starved bank, what it means

As per the Scheme of Reconstruction, the Reserve Bank invited suggestions and comments from members of the public, including the banks' shareholders, depositors and creditors on the draft scheme.

Mar 6, 2020

Have an account with Yes Bank? Here's what you can do

Retail depositors with their money with Yes Bank across the country are in a state of panic and have been withdrawing money as much as they can.

Mar 6, 2020

Rahul Gandhi, Chidambaram react to Yes Bank crisis; Congress, BJP indulge in blame game

Countering Rahul Gandhi's attack, BJP's Amit Malviya put the blame on former finance minister P Chidambaram.

Mar 6, 2020

Nirmala Sitharaman reacts on Yes Bank crisis: FM assures depositors, says 'Money is safe'

"I want to assure all the depositors that their money is safe, I am constantly in touch with the Reserve Bank of India (RBI). The steps that are taken are in the interest of the depositors, the bank & the economy," Sitharaman stated.

Mar 6, 2020

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Search Results for: moratorium

Good news for depositors as Moratorium on Yes Bank to be removed on March 18

SBI, ICICI Bank, HDFC Bank, LIC, others to invest Rs 11,700 crore to revive Yes Bank

Deposited money is safe: RBI asks state government to stop withdrawals from private banks

Yes Bank enables inward IMPS, NEFT transactions; customers can now pay dues

Aftermath of Yes Bank crisis: 40,000 customers abroad panic, CBI files FIR against Kapoor and his family

Yes Bank crisis: Founder Rana Kapoor arrested by ED for money laundering

Exclusive: PhonePe is back with ICICI as new UPI partner; nothing changes for 20cr users

Yes Bank crisis explained: What led to the downfall of India's fifth largest private lender?

SBI keen to acquire 49% stakes in Yes Bank: How much will it cost?

Yes Bank founder Rana Kapoor's Mumbai house raided after ED registers money laundering case

RBI's moratorium on Yes Bank affects operations of its digital partner PhonePe

YES Bank revival scheme: RBI announces reconstruction plan for capital-starved bank, what it means

Have an account with Yes Bank? Here's what you can do

Rahul Gandhi, Chidambaram react to Yes Bank crisis; Congress, BJP indulge in blame game

Nirmala Sitharaman reacts on Yes Bank crisis: FM assures depositors, says 'Money is safe'

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