Kumar was asked to lead Yes Bank in March after alleged governance lapses under co-founder and chief executive Rana Kapoor
Having recognised a huge quantum of non-performing assets (NPAs) in the past few quarters, Yes Bank has created a dedicated stressed asset management vertical to recover and resolve such accounts that have touched Rs 50,000 crore, a top official said on Thursday
Yes Bank will resume full banking services from Wednesday, says RBI-appointed administrator Prashant Kumar
Kumar said that the Centre came out with final notification for reconsturction of Yes Bank on 13 March and it is basically about constitution of board, equity participation and infusion into bank.
Yes Bank to resume operations from 19 March; customers will be able to access all digital services, platforms
Placing Yes Bank under a 30-day moratorium, the central bank imposed limits on withdrawals to protect depositors and said it would work on a revival plan.
Yes Bank says NPA troubles to continue in FY21; capital infusion makes CEO-designate confident of surviving storm
Yes Bank expects pressures from sour loans, which led it to declare the highest loss for any private sector lender at Rs 18,654 crore for the December quarter, to continue even in FY21, but CEO-designate Prashant Kumar is confident of its survival after a Rs 10,000-crore capital infusion
Yes Bank administrator Prashant Kumar says working to revive lender 'well before' moratorium period ends
Yes Bank's RBI-appointed administrator Prashant Kumar on Friday said a solution is being worked upon the revive the lender well before the moratorium period of 30 days ends
Yes Bank placed under 'moratorium'; govt caps withdrawals at Rs 50,000, RBI says lender lacked 'credible revival plan'
Troubled private sector lender Yes Bank was placed under a 'moratorium' on late Thursday, with the RBI capping depositor withdrawals at Rs 50,000.
Bulandshahr violence continues BJP's winter of discontent: assailed by allies, saffron party now faces credibility crisis
BJP seems to be going through a bad patch: assailed by allies, it is in danger of losing social constituencies and is facing a credibility crisis.
Bulandshahr violence: Congress and BJP's pandering to religious extremists could cause permanent damage to body politic
Imagine if the Congress continues to imitate the BJP, both the Sabarimala and Ayodhya agitation will dominate the body politic in the months to come
Bulandshahr violence: List of 27 named for murdering Subodh Kumar Singh include BJP youth wing leader Shikhar Agarwal, Bajrang Dal member
Uttar Pradesh Police have arrested two people and registered two FIRs, naming 27 people, against the violent protests which broke out after alleged cattle slaughter in Bulandshahr district on Monday.
Prime accused in Bulandshahr murder Yogesh Raj is at large, says UP Police; top cop tells media to refrain from speculation
Primary accused in the murder of Inspector Subodh Kumar Singh in Bulandshahr, Yogesh Raj, who is a local functionary of the Bajarang Dal, remains at large and the police manhunt is underway, Anand Kumar, ADG(Law and Order) said
Police inspector, civilian killed in UP's Bulandshahr after mob goes on rampage over allegations of cow slaughter
The incident took place near the Chingrawathi crossing in Bulandshahr, where hundreds of people had gathered. The protesters entered into a scuffle with the local police.
A Science graduate and a Law graduate from Delhi University, Prashant Kumar joined the SBI in the year 1983, as Probationary Officer and since then he has held various important portfolios in bank
WATCH: Adityanath govt goes out of its way for Kanwariyas; UP top cop Prashant Kumar showers flowers on them from helicopter
Prashant Kumar, the Additional Director General of Uttar Pradesh police (Meerut zone) showered rose petals on the Kanwariyas from a helicopter on Wednesday, after Chief Minister Yogi Adityanath did the same earlier this month.
An Indian-origin air pollution expert has found an emerging risk to the environment from wood burning stoves in pizza restaurants.
A court here on Wednesday directed the CBI to give the city government photocopies of files seized from the office of Rajendra Kumar, principal secretary of Chief Minister Arvind Kejriwal. On December 15, the CBI raided the office of Rajendra Kumar in connection with a "corruption" case. The CBI denied has Kejriwal's claim that it was searching his office after which Kejriwal has mounted a fierce attack on the BJP.
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