Yes Bank: GK, General Studies and Current Affairs

YES Bank to completely sell its mutual fund business operations

Mumbai headquartered Yes Bank declared its intention to cease its mutual fund business operations by selling out all its holdings in asset management and trustee subsidiaries. Wholly owned subsidiaries of YES Bank Limited are YES AMC (Yes Asset Management) is the asset management company of YES Mutual Fund and YTL (Yes Trustee Ltd) is the ..

RBI appoints R Gandhi and Ananth Narayan on Yes Bank Board

The Reserve Bank of India (RBI) has appointed former RBI Deputy Governor R Gandhi and former banker Ananth Narayan on the board of Yes Bank. They have been appointed as Additional directors on the board for two years. Ananth Narayan was serving as the regional head of financial markets in the Standard Chartered Bank. R ..

Union Cabinet approves Yes Bank reconstruction plan

The Union Cabinet approved a reconstruction plan proposed by the RBI for providing financial assistance to the Yes Bank. Union Finance Minister announced that the authorised capital of Yes Bank has been increased to Rs 6,200 crore. Under the plan, SBI will infuse Rs 7,250 crore in the Yes bank and take 49 per cent equity. ICICI Bank shall invest Rs 1,000 crore and HDFC will infuse Rs 1,000 crore, while Axis Bank will invest up to Rs 600 crore. Federal ..

SBI to infuse Rs.725 Cr into Yes Bank

The Reserve Bank of India drafted a reconstruction plan of Yes Bank recently. As per the plan, the investor bank shall buy 49% stake in Yes Bank. Recently, the State Bank of India announced that the executive committee of its central board approved for purchase of 725 Crore shares in YES Bank at a price ..

RBI unveils Yes Bank revival scheme

The Reserve Bank of India recently unveiled a draft scheme of revival Yes Bank, which has been put under the control of RBI. RBI also announced that State Bank of India is to make investment in Yes Bank and participate in the reconstruction scheme. The financial position of Yes Bank saw a gradual decline as ..