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The Reserve Bank of India has approved the reappointment of former Deputy Governor R. Gandhi as Yes Bank’s part-time chairman from September 2025 to May 2027. Gandhi, a veteran central banker with 37 years’ experience, previously served in RBI, SEBI, and IDRBT
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The Enforcement Directorate raided over 35 locations linked to Anil Ambani’s Reliance Group in a ₹3,000 crore Yes Bank loan fraud case. The probe revealed large-scale bribery, loan diversion, and shell companies used to siphon funds under the PMLA.
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India's foreign investment norms cap voting rights for investors in banks at 26 per cent and investments by financial institutions in Indian banks at 15 per cent, which has deterred such stake sales, it said
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The stock climbed 8.7 per cent to Rs 21.74 on the BSE. At the NSE, shares of the firm surged 8.39 per cent to Rs 21.70. The company's market valuation went up by Rs 1,415.15 crore to Rs 64,123.38 crore
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The executive committee of the central board (ECCB) of the bank in the meeting has accorded approval to divest 413.44 crore shares or equivalent to 13.19 per cent stake in Yes Bank, for a consideration of Rs 8,888.97 crore, SBI said
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In the January-March 2025 quarter (Q4), Yes Bank reported a strong performance, with its net profit rising 63.7 per cent year-on-year (YoY) to Rs 738.12 crore
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The fraudsters duped two persons to the tune of Rs. 28 lakh from Warangal and up on their complaint, the suspects Jaseel and Preethi were arrested
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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.
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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 […]
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Besides these five banks, Bajaj Finserve and SBI Card may face problems as they were also issuing cards of this payment gateway
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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.
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The case has been registered on a complaint, dated May 27, 2021, from Chief Vigilance Officer of the Bank Ashish Vinod Joshi.
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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.
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PNB Housing and Yes Bank will jointly do due diligence and co-originate the loan at an agreed ratio.
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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.
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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.
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The official said that the group is alleged to have misused various permissions given under SRA schemes.
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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
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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.
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These strategic tie-ups aim to enhance value offerings for customers of both new as well as pre-owned vehicles throughout the customer lifecycle.