After Yes Bank crisis, Maharashtra shuns private banks
Instructions to the effect have been issued by Chief Minister Uddhav Thackeray to the concerned departments.
Mar 06, 2020, 14:07 PM IST
No Yes Bank, says Rahul Gandhi, accuses government of destroying India's economy
Yes Bank was placed under a moratorium on Thursday, with the Reserve Bank of India (RBI) capping deposit withdrawals at the bank at Rs 50,000 per account for a month and superseding its board.
Mar 06, 2020, 14:02 PM IST
Yes Bank depositors need not worry, their money is safe, says FM Nirmala Sitharaman
The RBI has capped withdrawals from Yes Bank at Rs 50,000 till April 3, 2020, and imposed strict limits on operations after the cash-starved lender faced "regular outflow of liquidity" after an effort to raise new capital failed.
Mar 06, 2020, 13:55 PM IST
Yes Bank shares plummet 85%; market valuation drops by Rs 5,432 crore
On the BSE, the scrip sank 84.93 per cent to Rs 5.55-- its 52-week low -- as investors deserted the counter. It plummeted 84.64 per cent to Rs 5.65 -- its one year low -- on the NSE.
Mar 06, 2020, 13:30 PM IST
RBI moratorium on Yes Bank credit negative: Moody's Investors Service
Moody's said it expects Indian authorities will take steps to prevent the weakness in the bank's viability from significantly impacting its depositors and senior creditors.
Mar 06, 2020, 13:13 PM IST
Yes Bank shares tumble 25% as RBI takes control of private lender
Shares of India`s fifth-largest private sector lender tumbled to their lowest in over a decade on Friday.
Mar 06, 2020, 10:22 AM IST
Yes Bank crisis: SBI gets board's approval for investment in capital-starved lender
The government has reportedly asked SBI and life insurance behemoth LIC to collectively pick up a 49 per cent stake in Yes Bank.
Mar 06, 2020, 07:15 AM IST
