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Yes Bank aims to open up to 1 lakh fresh accounts every month by leveraging technology.(HT photo)

Yes Bank aims to disburse Rs 10,000 crore retail, MSME loans in Dec quarter

New Delhi | By Press Trust of India | Posted by Deepali Sharma
PUBLISHED ON DEC 01, 2020 05:37 PM IST
Yes Bank also re-energised Yes Premia, unveiling a premium banking program that offers personalized solutions focused on the particular needs of key consumer segments.
Tata Consumer Products Ltd, which owns the Tetley Tea and Tata Salt brands, has proposed to buy the coffee vending business from CGDL for at least Rs 1,000 crore.(REUTERS)
Tata Consumer Products Ltd, which owns the Tetley Tea and Tata Salt brands, has proposed to buy the coffee vending business from CGDL for at least Rs 1,000 crore.(REUTERS)

Tata’s plan to buy Coffee Day’s vending business hits hurdle

Hindustan Times, Mumbai | By Anirudh Laskar, Mumbai
UPDATED ON DEC 01, 2020 04:15 AM IST
The dues to be repaid by CDGL are worth around Rs 100 crore to YES Bank and Rs 200 crore to Rabobank, said this person. Karnataka Bank is the largest Indian lender to CDGL, with a loan of Rs 175 crore.
The Tier-2 bond wipeout could be seen by investors as setting a precedent, given that these instruments can be written off just like the Additional Tier-1 bonds of YES Bank written off earlier this year.(REUTERS)
The Tier-2 bond wipeout could be seen by investors as setting a precedent, given that these instruments can be written off just like the Additional Tier-1 bonds of YES Bank written off earlier this year.(REUTERS)

Borrowing cost may rise for lenders

Hindustan Times, Mumbai | By Shayan Ghosh, Mumbai
UPDATED ON NOV 28, 2020 06:08 AM IST
The troubled private bank on Thursday said it has written down all of its Basel III compliant Tier-2 bonds as advised by the Reserve Bank of India (RBI), which is arranging its merger with DBS Bank India. RBI had previously written down the entire equity capital of LVB as part of the merger.
The government has placed Lakshmi Vilas Bank (LVB) under one-month moratorium, superseded its board and capped withdrawals at Rs 25,000 per depositor.(Sonu Mehta/HT PHOTO)
The government has placed Lakshmi Vilas Bank (LVB) under one-month moratorium, superseded its board and capped withdrawals at Rs 25,000 per depositor.(Sonu Mehta/HT PHOTO)

Lakshmi Vilas Bank stock tanks for seventh consecutive day

New Delhi | By Press Trust of India | Posted by Shankhyaneel Sarkar
UPDATED ON NOV 25, 2020 01:33 PM IST
On NSE, it plummeted 4.79 per cent to Rs 6.95 -- its lowest permissible trading limit for the day.
A Reserve Bank of India panel recommendation to allow large industrial houses into banking has come in for criticism, with experts including former governor Raghuram Rajan warning against such a move(Reuters)
A Reserve Bank of India panel recommendation to allow large industrial houses into banking has come in for criticism, with experts including former governor Raghuram Rajan warning against such a move(Reuters)

New bank licence plan raises eyebrows

Livemint, New Delhi | By Shayan Ghosh
UPDATED ON NOV 24, 2020 07:39 AM IST
The former top Reserve Bank of India officials said another reason to prohibit corporate entry into banking is that it will worsen the concentration of economic (and political) power in certain business houses. Even if banking licenses are allotted fairly
Yes Bank founder Rana Kapoor.(HT file)
Yes Bank founder Rana Kapoor.(HT file)

DHFL fraud case: Court grants bail to Yes Bank co-founder Rana Kapoor’s daughter Roshini

Hindustan Times, Mumbai | By Charul Shah
UPDATED ON NOV 12, 2020 03:02 PM IST
Roshini is one of the eight accused, who have been booked by the CBI on charges of fraud and corruption. Earlier, corruption charges were dropped by a sessions’ court for want of sanction of prosecution, but allegations of cheating and conspiracy remain
Mumbai, India - April 27, 2020: DHFL Promoters Kapil and Dheeraj Wadhawan accused in Yes bank fraud cases, have been taken into CBI Custody and has been produced in session court from CBI Headquarter BKC Bandra in Mumbai, India, on Monday, April 27, 2020. (Photo by Vijayanand Gupta/Hindustan Times)(Vijayanand Gupta/HT Photo)
Mumbai, India - April 27, 2020: DHFL Promoters Kapil and Dheeraj Wadhawan accused in Yes bank fraud cases, have been taken into CBI Custody and has been produced in session court from CBI Headquarter BKC Bandra in Mumbai, India, on Monday, April 27, 2020. (Photo by Vijayanand Gupta/Hindustan Times)(Vijayanand Gupta/HT Photo)

Yes Bank fraud case: Bombay HC rejects default bail pleas of DHFL promoters Kapil, Dheeraj Wadhawan

Hindustan Times, Mumbai | By Kanchan Chaudhari
PUBLISHED ON NOV 04, 2020 12:26 PM IST
The CBI booked the Wadhawans in March along with Yes Bank promoter Rana Kapoor and his family members for alleged conspiracy, cheating, and under the Prevention of Corruption Act

As an entrepreneur, photographer and engineer, Akash Kapoor is inspiring people all over the country

PUBLISHED ON OCT 22, 2020 04:57 PM IST
He has worked on multiple projects so far, amongst which, some of his work are recognized by national geographic, Yes Bank, Royal Enfield, and many more.
Last month, the Adani group said it will take control of India’s second-busiest airport of Mumbai.
Last month, the Adani group said it will take control of India’s second-busiest airport of Mumbai.

Adani may get Essel’s transmission project

Livemint | By Swaraj Singh Dhanjal
UPDATED ON OCT 21, 2020 06:14 AM IST
The 4,000-crore project involves laying about 941km of transmission lines across Maharashtra, Telangana and Andhra Pradesh, and building a sub-station at Warangal
File photo(ANI)
File photo(ANI)

Yes Bank case: ED arrests CFO, internal auditor of Cox and Kings

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Sparshita Saxena
UPDATED ON OCT 06, 2020 10:55 PM IST
The ED had claimed that the firm defaulted on loan payments worth Rs 3,642 crore.
Yes Bank founder Rana Kapoor is seen in this file photo in Mumbai. The Enforcement Directorate (ED) had initiated a probe into allegations of money laundering after the Central Bureau of Investigation (CBI) registered two cases of corruption against Kapoor in March.(Bhushan Koyande/HT Photo)
Yes Bank founder Rana Kapoor is seen in this file photo in Mumbai. The Enforcement Directorate (ED) had initiated a probe into allegations of money laundering after the Central Bureau of Investigation (CBI) registered two cases of corruption against Kapoor in March.(Bhushan Koyande/HT Photo)

Yes Bank case: ED attaches Rana Kapoor’s London flat worth Rs 127 crore

Hindustan Times, New Delhi | By HT Correspondent | Edited by Meenakshi Ray
UPDATED ON SEP 25, 2020 05:24 PM IST
The property was bought by Yes Bank’s founder Rana Kapoor in 2017 for Rs 93 crore (9.9 million pound) in the name of DOIT Creations Jersey Limited, according to Enforcement Directorate (ED) officials.
Nearly all the major companies in Anil Dhirubhai Ambani Group (ADAG) were operating out of the Santacruz office called ‘Reliance Centre’.(Abhijit Bhatelkar/Mint Photo)
Nearly all the major companies in Anil Dhirubhai Ambani Group (ADAG) were operating out of the Santacruz office called ‘Reliance Centre’.(Abhijit Bhatelkar/Mint Photo)

Yes Bank takes possession of Anil Ambani’s group headquarter in Mumbai for failure to repay dues

Mumbai | By Press Trust of India | Posted by Kanishka Sarkar
PUBLISHED ON JUL 30, 2020 04:08 PM IST
Yes Bank said it had sought to recover dues of Rs 2,892.44 crore from Reliance Infrastructure on May 6 and took possession of the three properties on July 22 after a failure to repay even after 60 days of the notice.
ED filed a charge sheet against Rana Kapoor, his wife, and three daughters for money laundering on the basis of its investigation.(Satish Bate/HT File Photo)
ED filed a charge sheet against Rana Kapoor, his wife, and three daughters for money laundering on the basis of its investigation.(Satish Bate/HT File Photo)

YES Bank co-founder’s bail plea rejected by special PMLA court

Hindustan Times, Mumbai | By Charul Shah
UPDATED ON JUL 21, 2020 08:30 PM IST
YES Bank’s co-founder Rana Kapoor was arrested by ED on March 8 and produced before the special PMLA court.
A security guard wearing a protective mask stands outside a Yes Bank Ltd. branch on a near-empty street in Mumbai, India.(Bloomberg file photo)
A security guard wearing a protective mask stands outside a Yes Bank Ltd. branch on a near-empty street in Mumbai, India.(Bloomberg file photo)

YES Bank fraud: PMLA court denies bail to Kapil, Dheeraj Wadhawan

Hindustan Times, Mumbai | By Charul Shah
UPDATED ON JUL 14, 2020 07:19 PM IST
The Wadhawans had sought the bail on Monday stating that the Enforcement Directorate (ED) had failed to file a prosecution complaint or charge sheet within the stipulated 60-day timeframe.
Yes Bank, which was bailed out earlier this year, is the latest Indian lender to announce capital raising plans to boost buffers as the pandemic threatens to increase bad loans(Bloomberg file photo)
Yes Bank, which was bailed out earlier this year, is the latest Indian lender to announce capital raising plans to boost buffers as the pandemic threatens to increase bad loans(Bloomberg file photo)

Yes Bank sets 55% discount for $2 billion share offering

By Bloomberg| Posted by: Harshit Sabarwal
UPDATED ON JUL 10, 2020 02:13 PM IST
The Mumbai-based lender plans to sell the shares at 12 rupees to 13 rupees apiece, a filing showed Friday. That’s a discount of as much as 55% to Thursday’s close. The stock fell 5.1% to 25.30 rupees at 12:14 p.m. local time.
ED is probing Rana Kapoor’s alleged use of the bank to extend loans in exchange for kickbacks detailed in a charge sheet filed on May 6.
ED is probing Rana Kapoor’s alleged use of the bank to extend loans in exchange for kickbacks detailed in a charge sheet filed on May 6.

Properties worth 2.8k-crore attached in Yes Bank case

Hindustan Times, New Delhi | By Neeraj Chauhan
UPDATED ON JUL 10, 2020 01:32 AM IST
The Central Bureau of Investigation in March booked Rana Kapoor in connection with Yes Bank’s 3,700 crore investment in short-term debentures of DHFL. Kapoor is alleged to have been paid kickbacks of Rs 600 crore in return.
Yes Bank founder Rana Kapoor has been accused of misusing his position in the Yes Bank to procure loans that turned into NPAs later.(PTI file photo)
Yes Bank founder Rana Kapoor has been accused of misusing his position in the Yes Bank to procure loans that turned into NPAs later.(PTI file photo)

ED attaches assets worth Rs 2,600 cr in YES Bank money laundering case

Mumbai | By Vijay Kumar Yadav
UPDATED ON JUL 09, 2020 08:15 PM IST
The Enforcement Directorate (ED) officials have attached properties worth 2,600 crore belonging to Rana Kapoor and Dewan Housing Finance Limited (DHFL) promoters, Dheeraj Wadhawan and his brother Kapil, in connection with the Rs 3,642-crore YES Bank money laundering case, according to SK Mishra, director, ED.
On March 13, the government had approved an SBI-backed rescue plan for Yes Bank. pic by hemant Mishra/mint
On March 13, the government had approved an SBI-backed rescue plan for Yes Bank. pic by hemant Mishra/mint

SBI set to invest up to Rs 1,760 crore in YES FPO

Hindustan Times, Mumbai | By Shayan Ghosh, Mumbai
PUBLISHED ON JUL 09, 2020 04:34 AM IST
SBI is the largest holder in YES Bank with a 48.21% stake, followed by ICICI Bank at 7.95% and Axis Bank at 4.78%.
CBI has claimed in its chargesheet last month that Rana Kapoor conspired with Kapil and Dheeraj Wadhawan of DHFL (Dewan Housing Finance Limited) for benefitting each other using public money.(Satish Bate/HT file photo)
CBI has claimed in its chargesheet last month that Rana Kapoor conspired with Kapil and Dheeraj Wadhawan of DHFL (Dewan Housing Finance Limited) for benefitting each other using public money.(Satish Bate/HT file photo)

Yes Bank scam: ED to attach Rana Kapoor’s Central London property

Hindustan Times, New Delhi | By Neeraj Chauhan
UPDATED ON JUL 07, 2020 04:33 AM IST
The attachment of property in London is the first major overseas act by the investigative agency in the case , which deals with Kapoor’s alleged use of the bank to extend loans in exchange for “kickbacks” as detailed in ED’s May 6, 2020, charge sheet against Kapoor.
YES Bank has moved Bombay high court against ZEE.(Bloomberg)
YES Bank has moved Bombay high court against ZEE.(Bloomberg)

YES Bank asks court to restrain Zee stake sale

Livemint | By Gopika Gopakumar
UPDATED ON JUL 01, 2020 04:55 AM IST
According to the YES Bank petition, Zee group company Living Entertainment Ltd (LEL) had borrowed $50 million from YES Bank in 2016 to buy shares in its own unit Veria International. Goenka had provided guarantees for the loan
A senior CBI officer said they will soon arrest Rana Kapoor and interrogate him. Wadhawans have already been questioned and are currently lodged in jail.(REUTERS PHOTO.)
A senior CBI officer said they will soon arrest Rana Kapoor and interrogate him. Wadhawans have already been questioned and are currently lodged in jail.(REUTERS PHOTO.)

CBI files chargesheet against Yes Bank founder Rana Kapoor, daughter Roshni and Wadhawans

Hindustan Times, New Delhi | By Neeraj Chauhan | Edited by Sohini Sarkar
UPDATED ON JUN 25, 2020 10:56 PM IST
The agency’s chargesheet comes just before the 60-day deadline for filing a chargesheet from the date of arrest was to end.
Yes Bank founder Rana Kapoor and the promoters of Dewan Housing Finance Ltd (DHFL) Kapil and Dheeraj Wadhawan were chargesheeted by CBI on Thursday.(HT PHOTO.)
Yes Bank founder Rana Kapoor and the promoters of Dewan Housing Finance Ltd (DHFL) Kapil and Dheeraj Wadhawan were chargesheeted by CBI on Thursday.(HT PHOTO.)

CBI chargesheets Yes Bank founder Rana Kapoor, daughter and DHFL promoters for fraud

Hindustan Times, New Delhi | By Neeraj Chauhan | Edited by Sohini Sarkar
UPDATED ON JUN 25, 2020 06:57 PM IST
Earlier in the first week of March, a case was registered against Rana Kapoor and the Wadhawans in the Yes Bank fraud case. Wadhawan was arrested during the lockdown after he managed to reach his farmhouse outside Mumbai.
YES Bank is likely to file an offer document for the FPO as early as this week, a person aware of the development said.(Abhijit Bhatlekar/ Mint)
YES Bank is likely to file an offer document for the FPO as early as this week, a person aware of the development said.(Abhijit Bhatlekar/ Mint)

YES Bank looks to raise Rs 10,000 crore via FPO

Mint, Mumbai | By Swaraj Singh Dhanjal and Anirudh Laskar
UPDATED ON JUN 09, 2020 01:37 AM IST
YES Bank has approached market regulator Securities and Exchange Board of India to allow it to execute the FPO under the so-called fast track route, which will help it to tap the market immediately, a person familiar with the development said.
Mutual funds typically are not aggressive on recoveries.(Getty Images/iStockphoto)
Mutual funds typically are not aggressive on recoveries.(Getty Images/iStockphoto)

For MFs, recovery of risky assets turn bleak

Hindustan Times, Mumbai | By Jayshree P. Upadhyay and Neil Borate
PUBLISHED ON JUN 08, 2020 05:02 AM IST
Side-pockets, or a segregated portfolio, ensures money invested in MF debt schemes, linked to stressed assets, gets locked until the fund recovers the cash from the company.
It is alleged that between April and June 2018, Yes Bank invested Rs 3,700 crore in short-term, non-convertible debentures of DHFL.(Ramesh Pathania/Mint)
It is alleged that between April and June 2018, Yes Bank invested Rs 3,700 crore in short-term, non-convertible debentures of DHFL.(Ramesh Pathania/Mint)

Yes Bank case: Kapil, Dheeraj Wadhawan sent to judicial custody till June 11

Hindustan Times, Mumbai | By HT Correspondent
UPDATED ON MAY 27, 2020 06:13 PM IST
Earlier, the Enforcement Directorate (ED) authorities had arrested the two brothers on May 14. The judicial custody was extended till June 11 after their 14-day judicial custody ended on Wednesday.
The Wadhawans were arrested by the ED over money laundering charges.(Vijayanand Gupta/HT Photo)
The Wadhawans were arrested by the ED over money laundering charges.(Vijayanand Gupta/HT Photo)

Yes Bank Fraud: Wadhawans sent to judicial custody till June 11

Hindustan Times, Mumbai | By HT Correspondent, Mumbai
UPDATED ON MAY 27, 2020 04:40 PM IST
The brothers were arrested on May 14 by the Enforcement Directorate (ED) and have been in their custody since. As their ED custody ended on Wednesday, the two were produced before the special PMLA court.
File photo of a YES Bank branch in Mumbai(REUTERS)
File photo of a YES Bank branch in Mumbai(REUTERS)

Rana Kapoor used YES Bank for illegal activities, says ED

Livemint, Mumbai | By Neeraj Chauhan, New Delhi
UPDATED ON MAY 27, 2020 06:24 AM IST
Rana Kapoor, former YES Bank managing director and chief executive officer, used the lender as his “personal fiefdom” to carry out illegal activities and was the architect of a financial fraud aimed at creating wealth for himself and his family, the Enforcement Directorate (ED) claimed.
The duo was produced before a special Prevention of Money Laundering Act (PMLA) court, which remanded them to ED’s custody till May 24.(Vijayanand Gupta/HT file Photo)
The duo was produced before a special Prevention of Money Laundering Act (PMLA) court, which remanded them to ED’s custody till May 24.(Vijayanand Gupta/HT file Photo)

ED arrests Kapil and Dheeraj Wadhawan in Yes Bank money laundering case

Mumbai, Maharashtra | By Pratik Salunke
UPDATED ON MAY 14, 2020 06:28 PM IST
A single-judge bench of Bombay HC rejected the Wadhawans’ anticipatory bail plea saying, custodial interrogation was needed because of the serious nature of allegations such as money laundering.
Besides the CBI, the duo was also being probed separately by the Enforcement Directorate in connection with the Yes Bank scam.(Bloomberg file photo)
Besides the CBI, the duo was also being probed separately by the Enforcement Directorate in connection with the Yes Bank scam.(Bloomberg file photo)

Court extends CBI remand of Wadhawans in Yes Bank scam till May 10

Mumbai | By Press Trust of India| Posted by: Harshit Sabarwal
PUBLISHED ON MAY 08, 2020 03:56 PM IST
The Wadhawans were produced before the special court here on Friday at the end of their previous remand.
On March 14, YES Bank had written down AT1 bonds worth Rs 8,415 crore as part of the bank’s restructuring scheme.(Bloomberg)
On March 14, YES Bank had written down AT1 bonds worth Rs 8,415 crore as part of the bank’s restructuring scheme.(Bloomberg)

YES Bank looking to raise up to Rs 12,000 crore, says CEO Prashant Kumar

Mint, Mumbai | By Gopika Gopakumar and Shayan Ghosh
PUBLISHED ON MAY 07, 2020 11:50 PM IST
The fund raising is critical for YES Bank despite equity infusion worth 10,000 crore by financial institutions and gains worth 6,300 crore from the write-down of additional tier-1 bonds.
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