Monday, January 24, 2022

Yes Bank

ICICI Bank net profit rises 25% to Rs 6,194 crore

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...

Mastercard ban to impact five private banks

Besides these five banks, Bajaj Finserve and SBI Card may face problems as they were also issuing cards of this payment gateway

CBI raids at Secunderabad in connection with loan fraud case

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.

CBI carries out searches in Yes Bank case

The case has been registered on a complaint, dated May 27, 2021, from Chief Vigilance Officer of the Bank Ashish Vinod Joshi.

Affordplan Swasth, PRK hospital join hands

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.

PNB Housing Finance tie up with Yes Bank for co-lending

PNB Housing and Yes Bank will jointly do due diligence and co-originate the loan at an agreed ratio.

M&A deal activity in 2020 jumps 33 pc to USD 36.9 billion

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.

Yes Bank founder Rana Kapoor arrested by ED in HDIL group case

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.

ED raids 10 locations of Omkar group in Mumbai

The official said that the group is alleged to have misused various permissions given under SRA schemes.

Bad loans may rise after SC order: Yes Bank

The GNPA ratio may shoot up to touch 20 per cent of the overall assets once the Supreme Court order on bad asset recognition comes in

Asset quality stress touches ‘peak’, GNPAs may rise after SC order: Yes Bank

The bank had said that a total of over Rs 18,551 crore of its Rs 1.69 lakh crore of advances were in some stress as of December 31, 2020.

Tata Motors ties up with banks, NBFCs for commercial customers

These strategic tie-ups aim to enhance value offerings for customers of both new as well as pre-owned vehicles throughout the customer lifecycle.

Yes Bank elevates Banodkar as CFO, Adlakha as HR head

New HR head replaces Deodutta Kurane, who will be retiring from the bank soon, it said adding both the appointments will be effective January 1.

Maruti Suzuki launches online car financing platform ‘Smart Finance’

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.

Don’t bank on corporates

It’s best to heed the advice of Rajan and Acharya and to stick to the tried and tested on corporate involvement

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