Yes Bank is reportedly aiming to reduce expenses by focusing on digital banking and minimizing manual processes. The ongoing restructuring initiative is also expected to contribute to lowering the bank's operational costs.
As May unfolds, several financial changes are on the horizon, impacting mutual fund investors and banking customers alike. While not as transformative as previous months, these changes demand attention and awareness.
SBI may sell shares worth Rs 5,000-7,000 crore through a block deal, with no taxes applicable to the sale, as per media reports.
Total net income of Yes Bank rose by 5.80 per cent to Rs 3,211 crore, compared to Rs 3,036 crore in the same period the previous year.
The bank sanctioned a loan of Rs 1060 crore to EOTTL (a sister concern of Cox & Kings) at Kapoor's behest despite the firm's weak financial condition, the CBI said.
Shares of Yes Bank opened on a positive note and touched an early high of Rs 18.44 apiece on the BSE, registering a gain of 2.10 per cent over its previous close.
Anil Ambani's assertion was kept for another situation enrolled under different areas of FEMA. The examination revolves around the associated ownership with undisclosed resources abroad and the development of connected assets by the industrialist and his wife.
Rana Kapoor was granted bail in a case involving Rs 900 crore worth of irregularities in a loan made to Housing Development and Infrastructure Limited (HDIL).
Yes Bank has approached the Supreme Court to challenge the Bombay High Court ruling on the write-off of Additional Tier-1 (AT-1) bonds worth ₹8,400 crore.
According to reports, former Managing Director and CEO of YES Bank, Rana Kapoor was granted bail on Friday by the Bench of Justice Sudhir Kumar Jain. The case is being investigated by the Enforcement Directorate (ED).
The CBI has now arrested Bhosale in a 2020 case against Kapoor and Wadhawan among others for alleged corruption. The CBI had recently arrested Sanjay Chhabria of Radius Developers in the case.
In March 2020, a case of loan fraud of Rs 3,600 crore was lodged by the CBI against Rana Kapoor, the promoter Director and CEO of Yes Bank for entering into a criminal conspiracy with Kapir Wadhawan, promoter Director of DHFL and others.
Yes Bank said it witnessed strong growth in deposits and granular advances during the year and the sanctions/disbursements stood at Rs 70,000 crore across various segments in 2021-22.
The CBI has been probing Yes Bank's former co-founder Rana Kapoor and DHFL since March 2020.
Scam started taking shape between April and June in 2018 when Yes Bank invested Rs 3,700 crore in short-term debentures of DHFL.
Referring to the Congress election symbol 'hand', BJP spokesperson Gaurav Bhatia said, "The Congress hand is with corruption... while common people were suffering, the Congress and the Gandhi family were enjoying."
Kapoor told ED that he was told by the then petroleum minister Murli Deora that the refusal to buy MF Husain painting will not only prevent him from building a relationship with the Gandhi family but also prevent him from getting 'Padma Bhushan' award.
The ED said this in its second supplementary (third overall) charge sheet filed in special court here recently against Rana Kapoor, his family, Wadhawans and others in a money laundering case.
Yes Bank founder Rana Kapoor on Wednesday was granted bail by Special PMLA Court, Mumbai in the alleged fraud case of over Rs 300 crores.
Bombay High Court on Tuesday dismissed a bail plea filed by Yes Bank founder Rana Kapoor's wife Bindu
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