Yes Bank, Indiabulls Housing Finance enter co-lending setup for home loans
NEW DELHI: Yes Bank and Indiabulls Housing Finance have come forward for a strategic co-lending tie-up to source and service home loans. Under this strategic co-lending agreement, they will offer home loans to homebuyers at competitive interest rates, Yes Bank and Indiabulls Housing Finance said in a joint release on Wednesday. The partnership aims at […]
Rs 2,435-crore bank fraud case: CBI books ex-Crompton Greaves chairman, others
NEW DELHI: The CBI on Thursday carried out searches at six locations after registering a fresh case of fraud of Rs 2,435 crore in Yes Bank and other consortium banks against former CG Power and Industrial Solutions chairman Gautam Thapar who is already under probe in more such cases, officials said. CG Power and Industrial […]
PNB Housing Finance, Yes Bank sign strategic co-lending pact for retail home loans
NEW DELHI: PNB Housing Finance on Friday said it has tied up with Yes Bank for a strategic co-lending service that will facilitate retail home loans at competitive rates. PNB Housing and Yes Bank will synergise capabilities to provide an efficient and seamless experience to existing and new retail home loan customers, PNB Housing Finance […]
Yes Bank logs net profit of Rs 129 crore in July-September quarter
NEW DELHI: Yes Bank on Friday reported a net profit of Rs 129 crore for the July-September quarter. During the corresponding quarter of the last financial year (2019-20), the bank had reported a loss of Rs 600 crore. The net interest income of the restructured bank increased 3.4 per cent on quarter on quarter basis […]
Yes Bank: ED arrests 2 Cox and Kings Group executives
NEW DELHI: The Enforcement Directorate (ED) on Tuesday arrested the former CFO and the former internal auditor of the Cox and Kings Group in connection with its money laundering probe in the Yes Bank alleged loan default case. The agency said ex-chief financial officer Anil Khandelwal and ex-internal auditor Naresh Jain were arrested under the […]
Yes Bank takes possession of Anil Ambani’s group headquarter in Mumbai for failure to repay dues
NEW DELHI: Yes Bank has taken over the headquarter of Anil Ambani’s group in surburban Santacruz for failure to repay dues worth Rs 2,892 crore. The private sector lender has also taken possession of two flats in South Mumbai for the non-payment of dues by Reliance Infrastructure, according to a notice published by Yes Bank […]
Court extends CBI remand of Wadhawans in Yes Bank scam
NEW DELHI: A special court here on Friday extended till May 10 the CBI remand of DHFL promoter Kapil Wadhawan and RKW Developers promoter Dheeraj Wadhawan, arrested in connection with the Yes Bank scam. The duo was arrested last monthfrom a Mahabaleshwar- based quarantine facility, nearly 50 days after the CBI booked them in a […]
ICICI Bank gets 7.97% stake in YES Bank via Rs 1,000 crore capital infusion
NEW DELHI: ICICI Bank on Tuesday said it has acquired 7.97 per cent stake in YES Bank through its Rs 1,000 crore capital infusion in the troubled private sector lender. ICICI Bank Ltd has acquired 100 crore equity shares pursuant to the YES Bank Ltd Reconstruction Scheme, 2020 notified by the government under the Banking […]
Yes Bank founder Rana Kapoor’s ED custody extended till March 16
NEW DELHI: A special court on Wednesday extended till March 16 the Enforcement Directorate (ED) custody of Yes Bank founder Rana Kapoor, arrested on money laundering charges. During the hearing, the ED told the special Prevention of Money Laundering Act (PMLA) court that Kapoor had sanctioned loans worth Rs 30,000 crore to different entities during […]
This Gujarat co withdrew Rs 265 crore, hours before RBI moratorium on Yes Bank
NEW DELHI: Vadodara Smart City Development Company, a Special Purpose Vehicle (SPV) of the Vadodara Municipal Corporation (VMC), withdrew Rs 265 crore from Yes Bank a day before the Reserve Bank imposed a moratorium, an official said on Friday. On Thursday, the RBI restricted withdrawals from Yes Bank to Rs 50,000 per depositor due to […]
RBI caps withdrawals from Yes Bank; supersedes board
NEW DELHI: Troubled private sector lender Yes Bank was placed under a “moratorium” on late Thursday, with the RBI capping depositor withdrawals at Rs 50,000 per account for a month and superseding the board with immediate effect. The Reserve Bank of India (RBI) took the decision in consultation with the government to protect depositors’ interest. […]
SBI-led consortium set to bail out Yes Bank: Sources
NEW DELHI: Public sector lender SBI along with some other financial institutions will bail out capital-starved Yes Bank, with the government giving the go-ahead, sources said on Thursday. In a day of rapid developments, which also included a board meeting of SBI, there were reports that LIC has been asked to team up with the […]
YES Bank posts net loss of Rs 629 crore in September quarter as bad loans spike
NEW DELHI: Yes Bank on Friday reported a consolidated net loss of Rs 629.1 crore for the September quarter due to a spurt in bad loans. The private sector lender had posted a net profit of Rs 951.47 crore in the corresponding period of the previous fiscal. Sequentially, there was net profit of Rs 95.56 […]
Rana Kapoor’s man Friday Rajat Monga quits Yes Bank
NEW DELHI: Rajat Monga, the senior group president and former chief financial officer at the troubled lender Yes Bank, has quit, chief executive Ravneet Gill said on Thursday. The announcement came during a conference call with investors and analysts following a heavy plunge in the bank’s share price over the past few sessions. The bank […]
Yes Bank nears deal to sell minority stake to global tech firm, says CEO
NEW DELHI: Yes Bank is close to securing a deal to sell a minority stake to a global technology company to help boost the Indian private lender’s capital, the bank’s CEO said. “We are in fairly advanced level of talks right now and it is close to being a done deal,” Ravneet Gill, chief executive […]
Yes Bank books loss of Rs 1,506 crore in Q4
NEW DELHI: Private sector lender Yes Bank on Friday reported a loss of Rs 1,506.64 crore for the fourth quarter ended March 2019 owing to rise in provisioning for bad loans. The bank had recorded a net profit of Rs 1,179.44 crore on standalone basis during January-March period of 2017-18 However, total income rose to […]