YES BANK WANTS TO BUY CITIBANK INDIA'S RETAIL ASSETS

HIGHLIGHTS

• Yes Bank is interested in buying retail assets of Citibank India.
• The India business of Citibank included credit card service, retail banking, mortgages, and wealth management.
• Citibank India also had a presence in the distributi...

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...

AFTER ACQUIRING 24% STAKE, YES BANK IS THE NEWEST SUBSCRIBER OF DISH TV

Highlights

• Yes Bank took over 44,53,48,990 equity shares worth nominal value of Rs 1 per share

• After invocation of pledge, promoters of Dish TV will be left with less than 30 percent stake

According to Yes Bank, the country’s leading financial org...

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 TO BE REMOVED FROM NIFTY FROM MARCH 19

Highlights:

• Yes Bank will be excluded from India’s benchmark index Nifty 50 from March 19th.
• Initially, it was scheduled to be on 27th March. 
• NSE indices have accelerated the move to for the removal of Yes Bank from Nifty 50.

Yes BANK’S MORATORIUM TO BE LIFTED ON WEDNESDAY BY EVENING 6.00

Highlights:

• Yes Bank notified
• By Wednesday moratorium ends at 6.00 pm
• New board of directors to be formed
• Former CFO and MD of MD of SBI to be the CEO of the board

Post the Finance minister’s information about the notifica...

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 &...

ENFORCEMENT DIRECTORATE RETAINS RANA KAPOOR’S CUSTODY TILL MARCH 16TH

Highlights: 

• Rana Kapoor’s custody with the ED gets extended 
• Kapoor blames the new management of Yes bank of ruining his bank with lies 

Yes bank’s co-founder, Rana Kapoor is an unhappy man. After being arrested by the Enf...

RBI IMPOSES 30 DAY MORATORIUM ON YES BANK: WITHDRAWAL CAPPED AT 50K

Highlights: 

• Yes bank has been declining due to bad loans, steadily 
• RBI ultimately takes over Yes bank 
• Yes Bank on a month-long restriction 
• Restructuring and resurgence of the bank being planned 
...

It is time for India to end Yes Bank’s ridiculous theater

Regulators need to step in and end the farce called Yes BankNSE-5.92 percent Ltd before it results in a tragedy for all of India's banking sector. The latest shenanigans make it very clear that spectators need to stop being the authorities— and act.

The original cast disappear...

Yes Bank shares soared 5%, Share of infrastructure companies were trading in the negative

Shares of YES BANK soared 5%

Shares of YES Bank jumped 5 percent on Wednesday’s trade session after the bank stated it will hold a board meeting on Friday, to consider and approve raising of funds by issuance of equity shares or depository receipts or convertible ...

The deal of Yes Bank

Yes Bank is one of the most high growth Bank in the Indian economy and there are many reasons to believe that this Bank serves services when it comes to the banks and their the comparison, as well as the Bank, is going at a very low rate because of the high attrition as well as the stock market a...

YES bank rallies

The stock market has been pretty volatile for the most of the year 2019, and this trend has been slowing down as the markets are showing signs of stabilization and this is good for the stockholders and traders who have been very troubled by the volatility and also have incurred some considerable ...

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...

Yes bank talks with tech giants for a prospective deal

Deals between the different sectors of operations such as technology and finance can sometimes turn out amazing and give rise to some of the most amazing innovations in the sectors which would not have been possible if not for this interdisciplinary approach of the two sectors.

Private ...