Yes Bank board to consider fundraising plan later this week
Business | March 23, 2020 18:41 ISTYes Bank on Monday said its board will consider a proposal to raise funds via equity and bonds, at its meeting later this week.
Yes Bank on Monday said its board will consider a proposal to raise funds via equity and bonds, at its meeting later this week.
Stocks of the crisis-hit Yes Bank have surged over 60 per cent, a day after Moody's upgraded its outlook for the bank and the Reserve Bank Governor assured that the bank's revival plan is credible bank and it may infuse more liquidity if required.
In a massive relief for customers, crisis-hit Yes Bank on Monday announced that its all banking operations - banking and digital services would resume after 6 pm from March 18, 2020.
Union Finance Minister Nirmala Sitharaman said the moratorium on Yes bank will be lifted within 3 days of the notification and a new board, having at least 2 directors of SBI, will take over within 7 days of the issuance of notification.
Yes Bank Crisis Live Updates: The CBI carried out searches at seven locations, including Rana Kapoor's house on Monday in connection with the Yes Bank scam pertaining to the Rs 600 crore alleged bribe to the family of its co-founder Rana Kapoor by DHFL.
Yes Bank Crisis: In a rare move, the capital-starved Yes Bank was placed under a moratorium on Thursday, with the the central bank capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board. Know what it mean for depositors and its impact
Will Yes Bank shut down? Over the past year, several private lenders including Yes Bank are under financial stress. Speaking on ongoing Yes Bank 'deep' financial crisis, State Bank of India chairman Rajnish Kumar said YES Bank ‘will not be allowed to fail’.
Mumbai: The Reserve Bank on Thursday said FIIs can buy equity shares in private lender Yes Bank as shareholding by foreign investors has gone below the prescribed limit.The RBI has removed Yes Bank from its
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