Fearing infection by the coronavirus in jail, Yes Bank founder Rana Kapoor on Friday applied for bail in the money-laundering case in which he is lodged in Taloja Prison, Raigad, by the Enforcement Directorate (ED).
Shares of Yes Bank on Friday gained sharply by 25 per cent after the board of directors of the lender approved a proposal to raise Rs 5,000 crore.
Cash starved private sector lender Yes Bank on Thursday approved a proposal to raise Rs 5,000 crore by way of share-sale, including qualified institutions and rights issue. The board meeting held on Thursday cleared this proposal.
Yes Bank on Monday said its board will consider a proposal to raise funds via equity and bonds, at its meeting later this week.
Essel Group Chairman Subhash Chandra appeared before the Enforcement Directorate on Saturday in connection with a money laundering probe against Yes Bank promoter Rana Kapoor and his family members, officials said.
The RBI on Friday appointed two additional directors on the board of Yes Bank -- former deputy governor of the central bank R Gandhi and Ananth Narayan, an associate professor at SP Jain Institute of Management and Research.
Yes Bank founder Rana Kapoor, arrested in a money laundering case, is "easily susceptible" to getting infected by the coronavirus in prison, his lawyer told a court in Mumbai on Friday.
The Reserve Bank has opened an emergency line of credit of around Rs 60,000 crore to Yes Bank to meet any liquidity crisis in paying back its depositors as the bank resumes normal operations from Thursday.
After RBI lifted the moratorium on Yes Bank on evening of March 18, the under-recovery lender resumed its full banking services for their customers.
Yes Bank on Thursday said that India Ratings and Research (Ind-Ra) has revised rating watch on the bank's long-term issuer rating of 'IND BB-' to rating watch evolving (RWE) from rating watch negative (RWN).
Crisis-hit Yes bank on Wednesday resumed full banking services. The bank's 1132 branches across India are now open for its customers.
A stock broker was arrested along with his brother-in-law and a friend for allegedly concocting a story about the robbery of his BMW car here four days ago, the Noida police said on Wednesday. The BMW car, which had a loan of over Rs 40 lakh pending on it, has also been recovered, the police said.
Yes Bank will resume full banking services from 6 pm on today onwards.
Crisis-hit private lender Yes Bank, on which Reserve Bank of India (RBI) had imposed a moratorium, will resume full banking services from the day after 6 pm.
State Bank chairman Rajnish Kumar on Tuesday said the country's largest lender that owns close to 43 per cent in Yes Bank now will not sell a single share before that mandated three-year lock-in period, and that he's, in fact, keen to approach the board for hiking the holding to 49 per cent.
The ED has filed a fresh money laundering case against Yes Bank promoter Rana Kapoor and his wife for allegedly obtaining Rs 307 crore bribe from a realty firm routed through the purchase of a bungalow in Lutyens' Delhi at half the market price, officials said on Tuesday.
DHFL promoters Kapil and Dheeraj Wadhawan on Tuesday skipped appearing before the Enforcement Directorate (ED) in connection with a money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said.
Yes Bank CEO-designate Prashant Kumar on Tuesday said there are absolutely no worries on the liquidity front and that complete operational normalcy would be restored from 6 pm on Wednesday.
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 circular sent to all its members, the BSE said the BSE S&P Index Committee has decided to remove Yes Bank from all the S&P BSE indices with effect from this Friday, March 20.
Top News
Latest News
