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DHFL'S Kapil Wadhawan. Photo | Facebook

CBI asks Satara authorities not to release DHFL promoters from quarantine without approval

The CBI said DHFL promoters Kapil and Dheeraj Wadhawan were absconding since a case against them was registered on 7 March in YES Bank fraud case.
File photo of signage for Yes Bank Ltd. at a branch in Mumbai

For 9 yrs, Yes Bank board was led by ex-IAS officers, yet its lending grew unchecked

Bank’s lending growth was substantially over the average credit growth of the banking industry, with experts saying the board should have been more proactive in flagging it. 
Labourers clean glass of newly build Indiabulls finance centre at Lower Parel area in Mumbai

Erwin Singh Braich – the mysterious Canadian behind bid to save Yes Bank

Braich has a history including bankruptcy, lawsuits & soured business deals. He has no headquarters, no banker to manage his money & lives in a motel.
Labourers clean glass of newly build Indiabulls finance centre at Lower Parel area in Mumbai

Yes Bank likely to turn down Canadian tycoon’s $1.2 billion towards its fund raising

Doubts over foreign bidders, including Canada’s Erwin Singh Braich and Hong Kong-based SPGP Holdings, have triggered concerns that RBI might not allow them to take ownership stakes.
File Photo of Yes Bank Ltd CEO Ravneet Gill in Mumbai

Yes Bank seeks to raise $2 billion after pledge from little-known investors

Yes Bank’s board will meet next week to approve a preferential allotment of shares to investors, none of which will receive more than a 25% stake.
Pedestrians walk past the Bombay Stock Exchange (BSE) building | Dhiraj Singh/Bloomberg

Sensex falls over 100 points ahead of quarterly GDP data release

Yes Bank was the top gainer in the Sensex pack, rising up to 4 per cent, followed by Bharti Airtel, Tata Motors, Tech Mahindra, NTPC and Axis Bank.
File Photo of Yes Bank Ltd CEO Ravneet Gill in Mumbai

Troubled Yes Bank to outline critical fund-raising plans today

Yes Bank aims to raise about $1.2 billion in capital and says it has received offers from bidders including an unnamed North American family office.
Labourers clean glass of newly build Indiabulls finance centre at Lower Parel area in Mumbai

Ex-Deutsche Bank veteran moves in to fix the ‘bad boy’ of Indian banking

Ravneet Gill, who takes over as Yes Bank CEO Friday, will have to walk a fine line & repair relations with RBI.
Reserve Bank of India (RBI) head office in Mumbai | Punit Paranjpe/AFP/Getty Images

Easing core inflation could push RBI to cut rates again

Core inflation has remained sticky at around 6% and is a key reason economists cautioned against more rate cuts after last week’s surprise easing.

On Camera

Boring Joe Biden chooses boring Kamala Harris for VP. But it’s a logical choice

California’s Kamala Harris is a nationally known senator from a big state who had run for president and acquitted herself well. That speaks well of Biden.
A sign reading "Bitcoin Accepted Here" is displayed next to a cash register at The Pink Cow restaurant and bar in Tokyo, Japan. | Photographer: Yuriko Nakao | Bloomberg

Bitcoin run is again giving bulls hope for prices beyond $12,000

The digital-asset community tends toward Bitcoin bullishness at pretty much any time, but there are indications the increase might be more sustainable this time around.

Defence

The national flags of China and India (Representational Image) | Photo: Dhiraj Singh | Bloomberg

No progress made in India-China major general-level talks, all eyes now on diplomatic parleys

Talks were held Sunday over Depsang Plains tensions. Next round of meeting under Working Mechanism for Consultation and Coordination is being scheduled now.
Illustration: Soham Sen | ThePrint

Modi redefined secularism with Ram Mandir as Hindu voters were fed up of Sonia-Left version

Assumptions that Indian secularism died with Ram Mandir bhoomi pujan are bunk. It is enshrined in the Constitution, and is worth preserving.