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1 min read

Yes Bank crisis: PayNearby says functioning 'without any disruption'

"At PayNearby, its business as usual. Our systems are up and running without any disruption. We are…

PTI   


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3 mins read

Sitharaman hits back at Chidambaram for jibe over Yes Bank crisis

"And here you see them quickly jump to say 'oh no no you don't know what you are doing? You don't …

PTI   


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4 mins read

Time to buy banks? Morgan Stanley says yes as banks are entering 2nd leg of earnings upgrades

The theory of a post-Covid capex boom is gaining favour with analysts and financial institutions. T…

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2 mins read

PhonePe, may other payment apps hit in wake of Yes Bank crisis

Some users on the micro-blogging site said that half of India's payments systems are down because …

PTI   


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2 mins read

Benchmarks bleed on global sell-off, Yes Bank crisis; post weekly losses

"Another bank bites the dust. This time its Yes Bank - one of the large private sector banks. RBI …

PTI   


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2 mins read

As customers press SOS button, Twitterati busy flooding memes on crisis-hit Yes Bank

A post by account 'Doctor Nirav Modi @niiravmodi' read, "I am a Hindu, last year, the government s…

PTI   


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2 mins read

Digital transaction traffic bounces back on PhonePe following service outage due to Yes Bank crisis

Sameer Nigam, founder and CEO of PhonePe, said, "Friday was an extraordinarily difficult situation…

PTI   


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1 min read

Yes Bank to be removed from all BSE indices from March 20

The decision has been taken in light of the recent developments relating to Yes Bank Limited, i…

PTI   


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2 mins read

Yes Bank founder Rana Kapoor arrested by ED on charges of money laundering

The banker was held under the provision of the Prevention of Money Laundering Act (PMLA) around 3 a…

PTI   


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5 mins read

Yes Bank crisis and its domino effect on bonds, mutual funds and other corporate defaults

The challenges in the face of the Yes Bank crisis are likely to be temporary, since they are a dire…

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2 mins read

Finance Minister assures employment and salary at Yes Bank at least for one year

Within a day after superseding Yes Bank’s board, the Reserve Bank of India (RBI) released a new s…

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1 min read

Federal Bank to invest Rs 300 crore in Yes Bank

Private lender ICICI Bank also announced investing Rs 1,000 crore for an equity in excess of 5 per…

PTI   


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1 min read

Bandhan Bank to invest Rs 300 cr in Yes Bank

In a late night filing on Friday, Bandhan Bank said its board has "granted approval for an equity …

PTI   


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2 mins read

Only one-third of Yes Bank’s customers withdrew more than ₹50,000 during the 12-day ban

India’s troubled private bank Yes Bank is scheduled to open up to customers tomorrow after the mora…

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4 mins read

The fall of Yes Bank founder Rana Kapoor from a billion dollars to facing a ₹4300 crore investigation

India’s second richest banker Rana Kapoor — former MD and CEO of troubled Yes Bank — was taken in…

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2 mins read

India's largest bank stock sees the sharpest fall in over 7 years — investors want to say 'no' to Yes Bank

The shares of India’s largest bank State Bank of India (SBI) are down by 7% in early trade as marke…

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1 min read

RBI assures state governments that their deposits are safe in private banks

The Reserve Bank of India (RBI) has asked state governments not to transfer their deposits out of p…

PTI   


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2 mins read

RBI has a new 'scheme' to rescue Yes Bank — will be released shortly, says Shaktikanta Das

After issuing a one-month moratorium last night which limits withdrawals from Yes Bank to ₹50,00…

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1 min read

RBL Bank assures its investors that it is financially strong and well capitalized

"The management of RBL Bank wishes to address the prevailing concerns around the bank which is …

PTI   


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Kotak Mahindra Bank to invest Rs 500 cr in Yes Bank

"...the Bank has issued a equity commitment letter to invest Rs 500 crore (the 'equity commitment'…

PTI