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An Yes Bank advertisement in New Delhi

Yes Bank is a zombie, not a model for bailing out more troubled banks

Yes Bank’s wounds are far from healed. But the Band-Aid of rehabilitation is coming apart and is a critical lesson for the larger banking sector.

PMLA court refuses bail plea of Yes Bank founder Rana Kapoor

Kapoor, currently in judicial custody, was arrested in March by the ED in connection with an alleged multi-crore case, also involving scam-hit Dewan Housing Finance Limited.
A man outside Yes Bank branch in New Delhi | Manisha Mondal | ThePrint

Yes Bank to raise $2 billion in share sale to raise capital

The share offering will be from 15 to 17 July, according to a stock exchange filing. Shares of Yes Bank climbed as much as 5.6% on Thursday morning.
Yes Bank

CBI files charge sheet against Yes Bank’s Rana Kapoor, Dewan Housing’s Wadhawans

CBI has alleged that companies controlled by Kapoor and his family members got undue benefits in return for investment in DHFL debentures by Yes Bank.
Enforcement Directorate.

Cox & Kings created layers of onshore and offshore subsidiaries to siphon off money: ED

Enforcement Directorate searches premises of top Cox & Kings Group officials under PMLA, in connection with the Rs 3,642-crore Yes Bank fraud case.
video

Off The Cuff with Rajnish Kumar

Rajnish Kumar, Chairman, State Bank of India was the guest at ThePrint's digital ‘Off the Cuff’. Kumar said a lifting of the lockdown could see a resumption in economic activity and this could translate into demand for bank credit. With both banks and borrowers preferring prudence, banks have been flush with liquidity, he said, pointing out that SBI does not really need fixed deposits at present. Kumar, who is also the chairman of the Indian Banks' Association, warned that indiscriminate credit growth like that seen post 2008 could lead to a fresh wave of non-performing assets or NPA. Kumar admitted that SBI's investment in Yes Bank was not purely a commercial decision and pointed out that it was a decision made to preserve financial stability. He also said there is no hope for finding any buyers for Jet Airways. Kumar added that only 15-20 percent of SBI's customers had opted for the 3-month...
Chairman of State Bank of India(SBI) Rajnish Kumar at a press conference regarding YES Bank, in Mumbai on Saturday | ANI

Yes Bank investment not purely a commercial move, no hope for Jet revival: SBI chairman

At Off The Cuff, SBI chief Rajnish Kumar said depositor confidence is returning in Yes Bank, and it could stabilise over the next one year.
File photo of signage for Yes Bank Ltd. at a branch in Mumbai

Yes Bank’s top priority is to get fresh deposits, new CEO says

Yes Bank will focus on adding low-cost, stable retail savings, a departure from its previous practice of depending on cash from companies.
An Yes Bank advertisement in New Delhi

Kapil & Dheeraj Wadhwan sent to CBI custody till 29 April in connection with Yes Bank scam

The duo was arrested Sunday from a Mahabaleshwar-based quarantine facility, nearly 50 days after they were booked in the case also involving Yes Bank CEO Rana Kapoor.
DHFL'S Kapil Wadhawan. Photo | Facebook

Shock in Mumbai Police as ‘honest’ top cop gets blamed for Wadhawan family trip 

Those who worked with principal secretary (special) Amitabh Gupta describe him as an efficient, non-controversial and honest officer. 

On Camera

In Gujarat, BJP hopes to retain power in the name of ‘chief minister’ Narendra Modi

The Modi magnifier

This is the first Indian election where a politician is winning by not promising governance, but simply seeking a vote against Musharraf, the Muslims and the Italian church.
PM Narendra Modi | ANI

If Modi wins on Sunday

According to the forecast, rupee will reach 67.5 per dollar by end of September and 67 by end of 2018 I Dhiraj Singh/Bloomberg

Offer cashback, relax KYC norms to check decline in remittances, suggests WEF paper

Remittances, or the money overseas citizens send back to their home country, are expected to contract 20% in 2020 on account of Covid-19, according to a World Bank report.

Defence

Women recruits at the Corps of Military Police Centre and School in Bengaluru

Army begins process to recruit second batch of 100 women soldiers for military police

Army intends to induct 1,700 women recruits in the military police by 2036, increasing the percentage of women in the cadre to 20 over 17 years.
Illustration by Soham Sen | ThePrint

Modi govt’s NEP is out of touch with reality, Indian voters want English-medium education

State leaders with their ear to the ground, like Nitish, Mamata and Yogi, have shown that the push for native language education is not what voters want.