November 19, 2020 7:57 pm
RBI has imposed a moratorium on Lakshmi Vilas Bank and drafted a scheme for a merger. What does this mean for depositors, and for the financial sector, which has witnessed a series of failures in recent years?
November 18, 2020 7:16 am
The Lakshmi Vilas Bank's problems had been simmering for quite some time. It posted a net loss of Rs 397 crore in the September quarter of FY21, as against a loss of Rs 112 crore in the June quarter.
November 12, 2020 9:06 pm
Roshni Kapoor, one of the eight accused named in the case, was last month granted interim bail in the same case.
November 12, 2020 6:20 pm
Roshni Kapoor is one of the eight accused named in the charge sheet filed in the case by the CBI under provisions of the Prevention of Corruption (PC) Act and Indian Penal Code.
November 05, 2020 1:04 am
The court observed that the offences committed were pursuant to "conspiracy among accused" for "personal gain" and depositors and shareholders of Yes Bank were "real victims".
October 25, 2020 8:18 pm
The coronavirus outbreak has “created a problem” on the loan book, even as progress has been made on fixing key drawbacks such as weak governance, fund-raising challenges and declining deposits.
October 07, 2020 1:24 am
In August, ED had conducted searches at the residences of Khandelwal and Jain, claiming that it had found alleged irregularities in relation to the loan sanctioned to the group by Yes Bank.
September 25, 2020 10:30 pm
The Enforcement Directorate claimed that Rana Kapoor was trying to dispose off the property.
September 21, 2020 5:56 pm
As part of the partnership, SBI Life's diverse range of individual and group insurance solutions will be offered to the customers of Yes Bank through the bank's branches spread across 28 states and 8 Union Territories in India.
September 14, 2020 11:56 am
"The partnership will provide the bank's diverse customer base access to the insurer's portfolio and make insurance more accessible to its customers across India," ICICI Lombard General Insurance Company said in a regulatory filing.