Topic: Yes bank
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.
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.
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.
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.
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.
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.
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
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
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.