Thursday, 26 May, 2022
TopicYes bank

Topic: Yes bank

Yet another private lender in crisis, but a rescue mission is on track at Lakshmi Vilas Bank

In the last week, cash-strapped Lakshmi Vilas Bank has seen shareholders vote out its top management, raising concerns over the proposed merger deal with Clix Capital.

ED attaches Rs 127-crore London flat of Yes Bank founder Rana Kapoor in money laundering case

The agency had booked Kapoor and his family members under the PMLA after a CBI FIR alleged dubious multi-crore loans were given by Yes Bank in lieu of purported kickback

Why Yes Bank, IL&FS, DHFL cases can become a headache for India’s next FATF assessment

India is likely to go through its FATF country assessment early next year. Some issues could prove a sticking point, including demonetisation and crackdown on shell firms.

Principal Secy Amitabh Gupta, blamed for Wadhawans’ trip during lockdown, is Pune Police chief

Gupta's new posting, is among the transfer of 50 other IPS officers by the Maharashtra govt, which said that 41 officers have been given new assignments.

Why public sector banks are struggling to raise capital but private banks are having it easy

ICRA estimates that PSBs need around Rs 60,000 crore in the current fiscal, but these banks are struggling to raise capital despite asset quality challenges.

7-day week, 4 hours of sleep – Yes Bank CEO Prashant Kumar has India’s toughest finance job

The lender that was teetering on the edge of insolvency in March is facing challenges on liquidity, deposits and recovery. And Kumar needs to deliver.

Bombay High Court grants bail to Wadhawan brothers in Yes Bank fraud case

Kapil and Dheeraj Wadhawan were granted bail as bail as the Enforcement Directorate failed to file its charge sheet against them within the stipulated 60-day period.

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.

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.

On Camera

YourTurn

Representational image of dal and roti | Photo Pixahive/CC0

Feeding world must take backseat, Modi govt should deal with India’s ‘chapati’ crisis first

German agriculture minister Cem Ozdemir said imposing export restrictions or closing markets would worsen the crisis. Actually, the opposite might be true.
A petrol pump staffer refills fuel in a two-wheeler in New Delhi, on 29 March 2022 | ANI photo

Modi govt won’t borrow extra this year to fund tax cuts, inflation target to stay at 4%

The cut in excise duty last week, coupled with an increase in fertiliser and food subsidies, is expected to cost the exchequer around Rs 3 lakh crore in the current financial year.

Defence

Naval helicopters | Representational image | indiannavy.nic.in

What’s Combined Military Forces-Bahrain? US-backed coalition India joined on Quad sidelines

India is 35th member of the maritime counterterrorism partnership that also includes Pakistan, Australia, Bahrain, Denmark, Egypt, France, Germany and Greece, among others.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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