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An Yes Bank advertisement in New Delhi

Yes Bank can’t declare private firm NPA for non payment of loan due to Covid-19: Delhi HC

The court was hearing a plea by a real estate company seeking direction to Yes Bank not to take any coercive steps for its failure to pay loan installments since January.
Anil Ambani | Qilai Shen | Bloomberg

Enforcement Directorate summons Anil Ambani in probe against Yes Bank’s Rana Kapoor

The Enforcement Directorate official said that Anil Ambani's group companies have taken loans of about Rs 12,800 crore from the crisis-ridden bank that turned NPA.
Yes bank

India should use Yes Bank debacle to launch official rupee cryptocurrency

If RBI doesn’t make digital rupees available, people could end up storing their wealth in Silicon Valley-sponsored tokenized money or Beijing’s digital yuan.
A man outside Yes Bank branch in New Delhi | Manisha Mondal | ThePrint

Yes Bank rescue is like Hotel California – You can enter but can’t exit

Yes Bank bailout comes with an unusual rider: Investors with more than 100 shares can’t sell 75% of holding for at least 3 years.
File photo of signage for Yes Bank Ltd. at a branch in Mumbai

Yes Bank reports ‘staggering’ Rs 18,654-crore loss in December quarter

The gross non-performing assets shot up to Rs 40,709 crore as of December 31, 2019, up from the preceding September quarter's Rs 17,134 crore.
A man outside Yes Bank branch in New Delhi | Manisha Mondal | ThePrint

Moral of Yes Bank collapse story: Money makes you do things you don’t want to

There’s no silver-bullet solution for India’s financial sector, and to rebuild confidence, boring things need to be done. RBI has much to think about.

Cabinet approves reconstruction scheme for Yes Bank as proposed by RBI

Finance Minister Nirmala Sitharaman said the moratorium on the Bank will be lifted within 3 days of notification of the scheme and its board will be in place in 7 day.

Modi govt shows no urgency to reform financial sector even after biggest bank failure

India urgently needs legislation to tackle bad loans while allowing banks to fail without inducing system-wide panic. But no legislation is imminent.
The RBI logo

Don’t withdraw funds from private banks, it’ll hurt financial stability, RBI tells states

RBI move is aimed at countering flight of deposits from private lenders to public sector lenders amid developments at troubled Yes Bank.

BJP acquired ‘Maharaja’ Scindia and Sonia only ‘looks after’ Rahul

The best cartoons of the day, chosen by the editors at ThePrint

On Camera

A doctor wearing protective gear at Guwahati Medical College Hospital | Pitamber Newar | ANI

Dear Indians, don’t clap for doctors battling Covid-19 if you don’t want them as neighbours

Banging utensils to thank doctors is hypocritical if landlords are forcefully evicting them due to paranoia that they might spread Covid-19.

How is Modi’s BJP different from the one founded by Advani-Vajpayee 40 years ago?

Forty years ago, Atal Bihari Vajpayee and L.K. Advani founded BJP. Today it's led by Narendra Modi-Amit Shah duo, who have won two general elections with full majority.

Defence

Indian Army (representational image) | Photo: PTI

5 Special Forces men, 5 terrorists: How a deadly hand-to-hand fight at the LoC unfolded

Five commandos of the elite 4 Para were killed in action after they eliminated 5 terrorists from Pakistan in close combat in J&K’s Keran sector.

Poke fun at taali, thaali, diya and mombatti all you want. Modi couldn’t care less

Modi knows who he needs to speak to, who he should toss, who he can address in kind. People accuse him of infantilising his voters, but it’s a winning strategy.