Stating that the case has ‘rocked the entire banking system’, the Supreme Court on Friday rejected the bail plea of YES Bank’s founder Rana Kapoor on Friday.
Mumbai: ICICI Bank on Saturday said its net profit rose to Rs 6,194 crore ($833 million) in the third quarter of the current financial year, posting a year-on-year growth of 25 per cent. The bank’s core operating profit (profit before provisions and tax, excluding treasury income) increased by 25 per cent year-on-year to Rs 10,060 […]
It was alleged that the private company based at Gurugram/Delhi had availed a term loan facility of Rs 515 crore approximately from Yes Bank in December 2017.
The Affordplan Swasth card offers customers complete access to all services at PRK Hospital with financial benefits and a range of healthcare financing options for their entire family, a press release said.
The year also saw nine other deals value over $1 billion each, it said, adding that the top deals accounted for nearly two-thirds of the overall activity.
In the latest case, Kapoor allegedly conspired to sanction the Rs 200 crore loan to Mack Star that was diverted to HDIL which used it to repay its outstanding with Yes Bank.
The company is initially launching the platform in 30 cities through its premium car retail chain Nexa, targeting salaried customers with plans to expand its mass market chain Arena.
Initiatives such as the T-Works and T-Hub, the brainchild of Telangana Industries Minister KTR, are playing a very crucial role in boosting innovation in the State, said YES Bank Chairman, Sunil Mehta