Yes Bank
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 ..
Month: Current Affairs - August, 2020
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 ..
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 ..
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 ..
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 ..
RBI capped Rs 50,000 as withdrawal limit of YES Bank customers: What is YES BANK CRISIS in news?
On March 5, 2020, the Reserve Bank of India imposed a month-long moratorium. Also, the Apex Bank has imposed withdrawal restrictions of Rs 50,000 to the customers. However, in case of medical emergencies and higher education fees, the restriction has ..
Month: Current Affairs - March, 2020
National Tourism Day observed on 25th January
The`National Tourism Day’ is being celebrated every year on 25th January in India to raise awareness of the global community and about the importance of tourism for the country’s economy and its social, political, financial, and cultural growth. According to ..
Month: Current Affairs - January, 2020
Yes Bank lists $600 million MTN bond on India INX
India’s fifth largest private sector lender Yes Bank has listed $600 million bond issued under its maiden $1 billion MTN programme on Global Securities Market (GSM) of India INX. The bank will use proceeds from this bond to fund the ..
Month: Current Affairs - February, 2018
Yes Bank wins inaugural Green Bond Award in UK
India’s leading private lender Yes Bank has been awarded inaugural Green Bond Pioneer Award at a ceremony held in London, United Kingdom. Yes Bank was bestowed with this award in recognition for its pioneering efforts in the Green Bonds market ..
Bimal Jalan panel on new bank licences to meet on Feb 10, 2014
The Bimal Jalan panel which is scrutinizing applications for new bank licences will hold a meeting on February 10, 2014. Which are the entities in the race for bank licences? Initially, 26 entities expressed interest in entering the banking field. ..