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Yes Bank ties up with Falcon: All you need to know
Business

Yes Bank ties up with Falcon: All you need to know

Prabhtej Bhatia, the co-founder of Falcon, stated that they look forward to Yes Bank being a significant part of their journey in achieving $100 billion in transaction processed value

Yes Bank sells stressed assets amounting to Rs 48,000 crore to JC Flowers ARC; details here
Business

Yes Bank sells stressed assets amounting to Rs 48,000 crore to JC Flowers ARC; details here

Yes Bank’s board approved the declaration of JC Flowers ARC as the winner of the Swiss Challenge process on 20 September

SBI’s stake to go down below 26% after March 2023: Yes Bank MD
Business

SBI’s stake to go down below 26% after March 2023: Yes Bank MD

Yes Bank MD and CEO Prashant Kumar told The Times Of India that after the conversion of the warrants, SBI's stake will drop to 24 percent from its existing 26.1 percent

Yes Bank FD rate hike: Get up to 6.75% on term deposits; check latest interest rates here
Business

Yes Bank FD rate hike: Get up to 6.75% on term deposits; check latest interest rates here

Yes Bank is providing interest rates ranging from 3.75 per cent to 7.5 per cent, to senior citizens on FDs maturing in seven days to 120 months

RBI approves Yes Bank stake sale to equity firms Carlyle Group and Advent International; details here
Business

RBI approves Yes Bank stake sale to equity firms Carlyle Group and Advent International; details here

Yes Bank stated in July that it would sell the PE companies up to 3.69 billion shares for a price of Rs 13.78 each, or a total of Rs 5,093.3 crore. At a special general meeting held on 24 August, shareholders approved the financing request

Yes Bank offers up to 7.5 % interest rates on NRE deposits; details here
Business

Yes Bank offers up to 7.5 % interest rates on NRE deposits; details here

There is no interest payable when withdrawing FCNR, NRE, and RFC FDs before the 12-month period has been completed

Yes Bank likely to take over Ritz Carlton for non-payment of Rs 300 crore loan
Business

Yes Bank likely to take over Ritz Carlton for non-payment of Rs 300 crore loan

The hotel was developed under the banner of NEL Holdings South Ltd. If Yes bank were to acquire the property, it may sell it to a new buyer after it files a petition before the National Company Law Tribunal

Yes Bank-DHFL case: CBI raids prominent builders' premises in Pune and Mumbai
India

Yes Bank-DHFL case: CBI raids prominent builders' premises in Pune and Mumbai

In February this year, the CBI conducted searches at the premises of Radius Developers in Mumbai and Pune

BJP accuses Congress of threatening Yes Bank promoter to buy Rs 2 crore painting from Priyanka Vadra
Politics

BJP accuses Congress of threatening Yes Bank promoter to buy Rs 2 crore painting from Priyanka Vadra

BJP Spokesperson Gaurav Bhatia alleged that while Congress was in power, members of the Gandhi family used to pressurize former ministers for some of the paintings to be bought using the proceeds of crime

Market update: As Sensex, Nifty begin volatile trading session, here are some stocks to watch for
Business

Market update: As Sensex, Nifty begin volatile trading session, here are some stocks to watch for

Sensex and Nifty incurred losses of 0.72 per cent and 0.79 per cent respectively to settle the day at 17,617.15 and 59,037.18 on Friday

IDFC and other private banks offering up to 7 percent interest for senior citizens on three-year FDs; check list here
Business

IDFC and other private banks offering up to 7 percent interest for senior citizens on three-year FDs; check list here

The Reserve Bank of India (RBI) has maintained the key repo rate unchanged at a 4 percent low, following which many banks have reduced their interest rates on FD

DHFL corruption case: Bombay HC refuses bail to Yes Bank founder Rana Kapoor's wife, daughters
India

DHFL corruption case: Bombay HC refuses bail to Yes Bank founder Rana Kapoor's wife, daughters

A single bench of Justice Bharati Dangre rejected the bail applications filed by Kapoor's wife Bindu and daughters Roshini and Radha.

Yes Bank scam: Nothing wrong with special court order refusing bail to Rana Kapoor's family, CBI tells Bombay HC
India

Yes Bank scam: Nothing wrong with special court order refusing bail to Rana Kapoor's family, CBI tells Bombay HC

Justice Bharati Dangre of the high court was hearing pleas filed by Kapoor's wife Bindu and daughters Roshini and Radha Kapoor seeking bail.

SEBI fines Yes Bank Rs 25 crore in AT-1 bonds case; company ordered to pay within 45 days
Business

SEBI fines Yes Bank Rs 25 crore in AT-1 bonds case; company ordered to pay within 45 days

Yes Bank Ltd and certain officials devised the "devious scheme to dump the AT-1 (Additional Tier-1) bonds on their hapless customers", the market regulator noted

Enforcement Directorate arrests Yes Bank co-founder Rana Kapoor in fresh case of money laundering
India

Enforcement Directorate arrests Yes Bank co-founder Rana Kapoor in fresh case of money laundering

Kapoor, 63, was already in judicial custody after he was arrested by the Central probe agency in March in connection with alleged financial irregularities

Yes Bank CEO Prashant Kumar says management aims to cut operational expenses by 20% in FY21
India

Yes Bank CEO Prashant Kumar says management aims to cut operational expenses by 20% in FY21

Kumar was asked to lead Yes Bank in March after alleged governance lapses under co-founder and chief executive Rana Kapoor

Yes Bank case: CBI books HDIL promoters Wadhawans, others for Rs 200-cr loan fraud
Business

Yes Bank case: CBI books HDIL promoters Wadhawans, others for Rs 200-cr loan fraud

It is alleged that loans taken for Mack Star were transferred to settle HDIL liabilities to Yes Bank without intimation to its majority stakeholder and investor ODIL in a conspiracy orchestrated by the HDIL promoters, directors and auditors

Yes Bank money laundering case: ED arrests former CFO and internal auditor of Cox and Kings Group
Business

Yes Bank money laundering case: ED arrests former CFO and internal auditor of Cox and Kings Group

CKG's ex-chief financial officer Anil Khandelwal and ex-internal auditor Naresh Jain were produced before a local court and sent to seven-day custody

ED summons Rajasthan businessman Raman Kant Sharma in Yes Bank money laundering case
India

ED summons Rajasthan businessman Raman Kant Sharma in Yes Bank money laundering case

The ED is also probing his alleged business links with Vaibhav Gehlot, the son of Rajasthan chief minister Ashok Gehlot, in the FEMA case.

YES Bank FPO: Here’s how to check your allotment status; offer had received 93% subscription on last day of bidding
Business

YES Bank FPO: Here’s how to check your allotment status; offer had received 93% subscription on last day of bidding

In its prospectus, YES Bank has mentioned that the funds raised via FPO will be used for growth and expansion.