ED summons industrialist Subhash Chandra in Yes Bank probe
Business | March 16, 2020 20:49 ISTIndustrialist Subhash Chandra has been summoned by the Enforcement Directorate in connection with the Yes Bank money laundering case.
Industrialist Subhash Chandra has been summoned by the Enforcement Directorate in connection with the Yes Bank money laundering case.
Mortgage lender HDFC will pick up 7.97 per cent stake in Yes Bank for a Rs 1,000 crore capital infusion in the cash-strapped lender.
A special court here on Monday extended till March 20, the Enforcement Directorate (ED) custody of Yes Bank co-founder Rana Kapoor, arrested on money laundering charges.
Reserve Bank of India (RBI) governor Shaktikanta Das is holding a press conference as market mayhem continues due to concerns coronavirus (Covid-19) pandemic. RBI Governor Press Conference LIVE: Shaktikanta Das speaks on Yes Bank:
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.
Shares of Yes Bank on Monday jumped sharply by over 58 per cent after the union cabinet on Friday approved reconstruction scheme for the stressed lender.
Reliance Group Chairman Anil Ambani has been summoned by the ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said on Monday.
Troubled private lender Yes Bank will be dropped from benchmark index Nifty 50, banking index Nifty bank and other Nifty indices from March 19, NSE Indices said on Monday.
IDFC First Bank on Sunday said it will make an equity investment of Rs 250 crore in beleaguered Yes Bank to acquire 25 crore equity shares.
Crisis-hit Yes Bank reported on Saturday a loss of Rs 18,564 crore for the December quarter. The bank, which has been put under moratorium by the government last week, had reported a net profit of Rs 1,000 crore in the year-ago period and a loss of Rs 629 crore in the preceding September quarter.
The central government has appointed former SBI banker Prashant Kumar as the new Chief Executive Officer of the financially troubled Yes Bank.
Federal Bank on Saturday said it has committed to investing Rs 300 crore in beleaguered Yes Bank for subscription of its 30 crore shares. "The Bank has issued an Equity commitment Letter to invest Rs 300 crore in YES Bank Ltd for subscription of 30 crore equity shares of Yes Bank at a price of Rs 10 per Equity share," a regulatory filing said.
As part of Yes Bank's reconstruction plan, private sector Bandhan Bank said it will invest Rs 300 crore in Yes Bank reconstruction plan for the crisis-hit lender.
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.
Mortgage lender HDFC Ltd will invest Rs 1,000 crore into cash-strapped Yes Bank for an equity stake as per the RBI-mandated reconstruction scheme for the troubled lender.
Odisha Assembly Speaker S N Patro on Friday announced the formation of a House committee to probe into the circumstances under which Lord Jagannath's Rs 545 crore was deposited in the crisis-hit Yes Bank.
Central Bureau of Investigation (CBI) has filed a case against Rana Kapoor, former Managing Director and CEO of Yes Bank. Rana Kapoor is also the founder of Yes Bank.
ICICI approves Rs. 1,000 crore investment in Yes Bank. Shares of Yes Bank on Friday rose by 2 per cent after State Bank of India (SBI) said it will infuse Rs 7,250 crore into the crippled private sector lender. The stock surged 9.98 per cent to Rs 27.55 on BSE in day trade before closing at Rs 25.55, showing gains of 2 per cent
Himachal Pradesh Chief Minister Jai Ram Thakur on Thursday said that Yes Bank had 32,000 accounts in the state with deposits of Rs 1,909 crore, which included those of some government agencies.
The State Bank of India (SBI) on Thursday said that its Executive Committee of Central Board (ECCB) has approved the purchase of 725 crore shares in Yes Bank at Rs 10 per share, which adds up to an investment of Rs 7,250 crore.
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