ANIL AMBANI'S ‘RELIANCE CENTRE' TAKEN OVER BY YES BANK

Highlights

• Reliance Infrastructures Ltd. owned by Anil Ambani owes Rs 2,892 crore to the Yes Bank

• Along with the Reliance Centre in Santacruz, the Yes Bank has also taken the possession of two flats in South Mumbai

• In the year 2019, Reliance grou...

RBI DIRECTS YES BANK'S IBU TO STOP ACCEPTING FOREIGN CURRENCY DEPOSITS

Highlights

• The Mumbai-based private sector lender is hoping to raise Rs 15,000 crore with the help of the FPO

• The letter dated May 22, the RBI asked IBU to comply with the restriction within the period of 12 months

• The RBI on many instances had f...

AXIS BANK’S PRALAY MONDAL HEADS TO CATHOLIC SYRIAN BANK

Highlights

• Pralay Mondal, a graduate from IIT Kharagpur and a management graduate from IIM, Calcutta has nearly 30 years of banking experience

• Mr. Mondal served HDFC Bank for the period of 12 years before his stint at Yes Bank

• At the CSB Bank, Pr...

SENSEX HIGH; YES BANK SURGES 60%

Highlight:

• With Moody upgrading its rating, Yes Bank surges by 60%
• Nifty metal & Pharma gains
• Experts advise not to be ambitious in the market

After days of nose-diving, the Sensex was up by 400 points today, currently at 200 points. T...

Yes BANK MORATORIUM TO BE LOFTED SOON: ICICI, HDFC, AXIS & SBI TO INVEST

Highlights: 

• Cabinet approves RBI suggested reconstruction scheme for Yes Bank
• Moratorium might be lifted soon

Yes bank customers cam heave a sigh of relief as the moratorium on Yes bank is expected to be lifted very soon. The &...

Brexit deal leads to steady rise on Sensex, Nifty

Owning to the Brexit deal of the UK and the European Union, Indian shares on Friday rose. This also elevated the expectations to quarterly earnings season in the domestic market.    

Figures suggest the broader NSE Nifty .NSEI climbed 0.3% at 11,621.10 as of 0425 GMT, as ...

Altico announces to sell assets as a rescue plan

According to a latest report, Altico Capital will be offering its lenders a resolution plan. With regards to the plan, sale of some of its biggest loan assets such as Casa Grande in Chennai, Marvel in Pune and Skylark in Bengaluru is anticipated.

Furthermore, the reports also allege, al...