Mumbai (Maharashtra) [India], Mar 13 (ANI): The boards of directors of Axis Bank and HDFC on Friday approved to invest up to Rs 600 crore and Rs 1,000 crore respectively in Yes Bank.
New Delhi [India], Mar 13 (ANI): The Union Cabinet on Friday approved reconstruction scheme for private sector lender Yes Bank as proposed by the Reserve Bank of India (RBI) and the moratorium will be lifted within three days after the notification is issued.
New Delhi [India], Mar 13 (ANI): Union Ministers Nirmala Sitharaman, Piyush Goyal and Prakash Javadekar will brief media on the outcome of the cabinet meeting at 3 pm on Friday.
Bhubaneswar (Odisha) [India], Mar 13 (ANI): The Odisha government on Thursday distanced itself from the controversy over Shree Jagannath Temple Administration (SJTA)'s deposit in the crisis-hit Yes Bank and said that the decision was taken by the temple's managing committee.
New Delhi [India], March 12 (ANI): Congress leader Adhir Ranjan Chowdhury on Thursday sought to raise the crisis in Yes Bank in Lok Sabha saying that the "bank was looted under the government's watch".
Mumbai (Maharashtra) [India], Mar 12 (ANI): State Bank of India said on Thursday it will buy 725 crore shares of Yes Bank at the price of Rs 10 per share, subject to regulatory approvals.
Singapore, Mar 12 (ANI): Non-bank financial institutions (NBFIs) will likely face renewed pressure on funding and liquidity following the Reserve Bank of India's (RBI's) takeover of Yes Bank this month, according to Fitch Ratings.
Mumbai (Maharashtra) [India], Mar 12 (ANI): Equities were on a freefall around midday on Thursday after the World Health Organisation (WHO) declared coronavirus a global pandemic and the United States suspended travel from Europe.
New Delhi [India], Mar 12 (ANI): The Financial Reporting Review Board (FRRB) of the Institute of Chartered Accountants of India (ICAI) has decided to take up a review of general-purpose financial statements of Yes Bank for the last two fiscals.
Bhubaneswar (Odisha) [India], Mar 11 (ANI): Amid the demand of withdrawal of Jagannath Temple's funds from the crisis-hit Yes Bank, the Jagannath Sena on Wednesday protested outside the CBI office demanding an inquiry into the matter.