Yes Bank founder Rana Kapoor is known for his flamboyant lifestyle and extravagant ways, and that is probably a reason why the Yes Bank has a deep hole of Rs 54,000 crore in its pocket.
Yes Bank founder Rana Kapoor's daughter Roshni Kapoor stopped from leaving the country at Mumbai Airport. She was going to London by British Airways. Enforcement Directorate questioned her for nearly 3 hours.
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As the Yes Bank crisis weighs on investor sentiments, becoming a major reason of concern for the bank's depositors, Chief Economic Adviser (CEA) Krishnamurthy Subramanian on Sunday said there is no reason to worry as India's banks have adequate capital.
Congress spokesperson and Rajya Sabha MP Abhishek Manu Singhvi on Sunday launched a direct attack on the Prime Minister over the ongoing crisis at Yes Bank, as he questioned the PM’s decision to attend a business summit sponsored by the struggling lender
Yes Bank founder Rana Kapoor's daughter Roshni Kapoor was stopped at the Mumbai Airport when she tried to leave the country. As per reports, Roshni was going to London by a British Airways flight.
The former MD and CEO of Yes Bank Rana Kapoor, along with his family members, allegedly set up over 20 shell companies to receive kickbacks
A war of words broke out between the BJP and Congress on Sunday over the Yes Bank crisis with the ruling party seeking to link it with the Gandhi family, while the opposition wondered if the prime minister and finance minister were "complicit" as the bank's loan book grew manifold.
Investments worth over Rs 2,000 crore, 44 expensive paintings and a dozen alleged shell firms are at the heart of ED's investigations against Yes Bank founder Rana Kapoor who was arrested by the agency on Sunday on money laundering charges, officials said.
Yes Bank founder Rana Kapoor, who has been arrested by Enforcement Directorate (ED) in a money laundering case, has been sent to its custody till March 11 by a Mumbai's Special Holiday Court.
The Enforcement Directorate on Sunday arrested Rana Kapoor, the founder of Yes Bank under the charges of Money Laundering. According to the ED, Kapoor was placed under arrest around 3 am under the provision of the Prevention of Money Laundering Act (PMLA) as he was allegedly not cooperating in the probe.
Yes Bank announced late Saturday that its debit cards can be used for withdrawing cash at other bank ATMs also. The move comes after long queues were seen at Yes Bank ATMs and branches and numerous complaints by customers that they were not being able to withdraw any money.
The Enforcement Directorate (ED) arrested Yes Bank founder Rana Kapoor under money laundering charges in the wee hours of Sunday, officials said.
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Delhi's ruling Aam Aadmi Party on Saturday attacked the Centre for bringing YES Bank to the brink of bankruptcy, saying the self-proclaimed pro-Hindu BJP government duped savings of 18 lakh Hindus.
The State Bank of India (SBI) on Saturday said it will be issued 245-crore shares at a price of Rs 10 each for Rs 2,450 crore in Yes Bank
Fintech startup PayNearby, which has a tie-up with Yes Bank to offers cardless and pinless ATM services to customers, on Saturday said its systems are running without any disruptions.
Yes Bank Crisis: Former Union Finance Minister and veteran Congress leader P Chidambaram lashed out at the government and Reserve Bank of India over Yes Bank crisis. He addressed media on Saturday and questioned RBI's action in preceding years.
Panicked Yes Bank customers were seen queuing up at the bank's ATMs at various locations, but to no avail as as most cash-dispensing machines ran dry, after the Reserve Bank placed the crisis-hit lender under a moratorium. However, many a customers said they were able to withdraw the stipulated amount of Rs 50,000 through cheques at Yes Bank branches.
A day after the Enforcement Directorate registered a money laundering case against Yes Bank founder Rana Kapoor and raided his premises, he was taken to the agency's office in Mumbai on Saturday for further questioning.
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