Tag: Crisis Hit Yes Bank

New Delhi: Finance Minister Nirmala Sitharaman on Friday said that Reserve Bank of India (RBI) is working towards for early resolution of Yes Bank issue and she is in constant touch with the Governor. “RBI Governor has assured that there will be no loss to any Yes Bank depositor,” she said, adding that the steps […]

Bhubaneswar: Amid raging outrage over deposit of Rs 545 crore belonging to Lord Jagannath in the crisis-hit Yes Bank, Shree Jagannath Sena, a local outfit, today sought the intervention of Vigilance department in this regard. The members of the outfit lodged a complaint with the DSP of Puri Vigilance division and demanded a probe to […]

New Delhi: The State Bank of India (SBI) on Saturday announced it will pick up a 49 per cent stake in Yes Bank for Rs 2,450 crore and clarified that all the deposits and liabilities of the reconstructed bank will continue in the “same manner”. The crisis-hit Yes Bank, which failed to garner investor support […]

Bhubaneswar: Odisha Finance Minister Niranjan Pujari has requested Union Finance Minister Nirmala Sitharaman to instruct the Reserve Bank of India (RBI) to allow release of Rs 545 crore deposited by Shree Jagannath Temple Administration (SJTA) in Yes Bank. “Various funds related to the temple i.e. Foundation Fund, Corpus Fund and Temple Fund are being managed […]

Mumbai: The country’s largest lender State Bank of India on Thursday said it has received approval to buy Rs 7,250 crore worth of shares in crisis-hit Yes Bank. “The executive committee of the central board (ECCB) at its meeting held on March 11 accorded approval for purchase of 725 crore shares in Yes Bank at […]

Mumbai: As the government on Saturday notified the reconstruction scheme for Yes Bank, major private banks have come out with investment commitments for the crisis-hit bank. Federal Bank on Saturday announced that it would invest Rs 300 crore in Yes bank by subscribing to its 30 crore shares of Rs 2 each for cash, at […]

Mumbai: Describing the reconstruction scheme for Yes Bank as credible and sustainable, Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday sought to assure the private bank’s depositors that their hard-earned money is safe. He also said that the central bank will infuse additional liquidity into private lender, if required, and urged depositors that […]