Tag: Yes Bank

Mumbai: The Reserve Bank of India (RBI) will soon come out with a scheme to revive the capital-starved Yes Bank, RBI Governor Shakti Kanta Das said on Friday. “We took the step (of putting it under moratorium) when we found that Yes Bank efforts were not working. Depositors’ interests will be fully protected,” Das told […]

Puri: The controversy surrounding Srimandir funds being parked with Yes Bank which was gradually subsiding after the Odisha government announced to transfer the deposits to a nationalised bank suddenly erupted out of proportion following a recent press release by the Reserve Bank Of India placing the cash strapped bank under Central Government’s Moratorium. As per […]

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 […]

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 […]

Mumbai: The Enforcement Directorate arrested Yes Bank founder Rana Kapoor under money laundering charges here in the early hours of Sunday, officials said. The banker was held under the provision of the Prevention of Money Laundering Act (PMLA) around 3 am as he was allegedly not cooperating in the probe, they said. Kapoor’s arrest at […]

Mumbai: Even as a Mumbai court sent Yes bank founder Rana Kapoor to the Enforcement Directorate custody till March 11, agency officials claimed that the former MD and CEO and his family members allegedly set up over 20 shell companies to receive kickbacks. Kapoor was arrested by the ED officials on Sunday morning after over […]

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: While seeking the custody of Yes Bank founder Rana Kapoor, the Enforcement Directorate contended that prima facie he was involved in generating Rs 4,300 crore in black money and “laundering” the amount. The money was acquired, concealed and projected by Kapoor and other accused to proclaim them as “untainted”, and the ED sleuths were […]

New Delhi: Crisis-hit Yes Bank on Tuesday said that it has enabled inward IMPS and NEFT services. The move allows people to send money from other bank accounts to their Yes Bank account through IMPS (Immediate Payment Service) and NEFT (National Electronic Funds Transfer) mode. In a tweet, the bank also said that Yes Bank […]

Bhubaneswar: A team of BJD MPs led by Prasanna Acharya today met Union Finance Minister Nirmala Sitharaman to discuss about the funds belonging to Puri Srimandir deposited in crisis-hit Yes Bank. During the meeting, the BJD MPs discussed the issue and urged Sitharaman to take steps to resolve it. In response, the Union Minister assured […]

Bhubaneswar: As expected, the second phase of the Budget Session of the Odisha Assembly began Wednesday on a stormy note. While Opposition BJP moved adjournment notice over Odisha government’s decision to park funds of Lord Jagannath in crisis-hit Yes Bank, Congress too created ruckus seeking an explanation from the Naveen-led BJD government over the issue. […]

By Sandeep Sahu It may sound blasphemous. But the unpalatable truth, shorn of any sugar-coating, is that Lord Jagannath, the presiding deity of Odisha, has become nothing more than a money-spinning venture for our powers that be. The Lord is the biggest brand the state has to offer and our rulers certainly know how to […]

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 […]

With normal banking services in Yes Bank to resume at 6 p.m. on Wednesday, the private sector bank’s administrator and new investors assured all deposit holders that their savings in the bank were absolutely safe and customers would have much better experience when they resume usual interaction with the lender. “There is no need to […]

Puri: In what could be termed as a much needed respite for the Jagannath devotees across the world, all the fixed deposits of Rs 545 crore of Lord Jagannath deposited in Yes Bank will be retrieved tomorrow from the cash strapped bank after it resumes full banking services from 6 pm today onwards, informed Ajay […]