Business News Yes Bank
Today is the first business day of this week Monday. Yes Banks rescue act in early March 2020 happened in the nick of time ahead of the Covid-19 pandemic and even a 15-day delay in it would have meant.
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In a fresh allegation the Central Bureau of Investigation on Wednesday filed a first information report against Avantha Realty Limited its promoter Gautam Thapar and others for allegedly cheating Yes Bank to the tune of over Rs 466 crore during 2017-19.
Business news yes bank. 25 minutes agoNew Delhi. The 52 week low on Yes Bank is Rs 111 and 52 week high is Rs 32. 2 days agoYes Bank plans to raise funds in Indian or foreign currency by issuing debt securities it said on Monday.
Top YES Bank investor Bay Tree cuts stake in troubled lender by a third Bank has cut back lending to companies and tried to win back depositors after being rescued in. 2 days agoYes Bank plans to raise funds in Indian or foreign currency by issuing debt securities it said on Monday. The private lenders board will meet today to consider fund raising.
The Board of Directors of YES Bank will be conducting a Board Meeting on June 10 2021 to consider and approve seek shareholders approval for borrowing or raising funds. The CBI has carried out searches at 14 locations in Delhi-NCR and three other cities after registering an FIR against Oyster. Since then Yes Bank has held all funds the company said.
While the entire industry is facing the COVID-shock Yes Bank will have to fight both evils simultaneously. 17 hours agoCBI case against Avantha Group founder Gautam Thapar for causing Rs 466 crore losses to YES Bank Gautam Thapar is already being probed in another case related to diversion of public money in Yes. In the last two decades the Anil Ambani group expanded aggressively in new businesses.
After an internal review of documents Yes Bank discovered that the sanctioned loan was used to clear outstanding dues of Gautam Thapar-led Avantha Group. A meeting of the board of directors of Yes Bank will be held on Thursday June 10 2021 to consider approve and seek shareholders approval for borrowingraising funds the bank said in a regulatory filing without quantifying the amount. The complaint alleged criminal breach of trust cheating criminal conspiracy and forgery for diversion or misappropriation of.
4 hours agoYES Bank. In 2020 CBI booked Yes Banks ex-MD Rana Kapoor and family in a fraud case where he was accused of taking Rs. The company on April 28 2021 defaulted on a loan repayment to Yes Bank due to COVID-19 impact.
18 hours agoAsian Hotels West the owner of five-star hotel Hyatt Regency Mumbai that shut operations claimed that Yes Bank barred it from making payments from an escrow account following a loan default. Business Other News 10 Jul 2020 Yes Bank. The Central Bureau of Investigation today filed a case against billionaire Gautam Thapar founder of the Avantha Group and others for allegedly defrauding Yes Bank to the tune of 466 crore.
As far as large corporate or government entities are concerned there is nothing that Yes Bank needs to fear another former senior Axis Bank official said. With a market value of Rs 2800 crore of Yes Bank co-founder Rana Kapoor and the Wadhawan brothers of. 307 crores as bribe by buying a bungalow from Avantha Realty.
Reuters Market Eye - Shares in Yes Bank Ltd fall as much as 67 percent after JPMorgan downgraded the stock to underweight from overweight saying absolute valuations arent. Since customers can see that the government and the RBI are backing the bank s rescue they may not shift deposits this person said speaking on the condition of anonymity. Yes Banks market cap is near Rs 37500 cr.
A year later its deposits have grown nearly 55 as opposed to. 1 day agoYes Bank Share Price. YES Bank posts net loss of Rs 3788 crore in Q4 as provisions rise.
19 hours agoYes Bank Fraud Case. Talk about yes bank yes bank opened today with 1495 paise and it has made low with 14 75 paise. Yes bank News.
But after a few moments Yes Bank has appeared to be moving along the green mark and it has broken. Yes Banks bad loan levels have stabilised with gross NPAs at 173 percent as at. 14 hours agoThe Central Bureau of Investigation CBI has filed a case against Gautam Thapar founder of Avantha Group for allegedly diverting loans worth 466 crore taken from YES Bank.
Yes Bank Nesw- Today Yes Bank Share fall -336. A meeting of the board of directors of Yes Bank will be held on Thursday June 10 2021. Regaining depositors and raising capital were the first order of business for Kumar who took over the reins of Yes Bank in March 2020 after regulators seized the lender to prevent its imminent collapse.
Yes Bank which faced a crisis in March this year on account of bad debts has substantial loans due from the Anil Ambani group to which it had an exposure of close to Rs 12000 crore.
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