Yes Bank: News
Yes Bank jumps 9% as Japan's SMBC buys 20% stake
Yes Bank's shares jumped as much as 8.7% in early trading on Monday, hitting a high of ₹21.74 on the Bombay Stock Exchange (BSE).
Yes Bank shares surge nearly 10% today—What's behind the rally?
Yes Bank shares jumped over 9% at market open on Tuesday following reports that Japan's Sumitomo Mitsui Banking Corporation (SMBC) is looking to acquire a controlling stake in the Mumbai-based lender.
Your credit card is changing: Here's how to maximize benefits
Leading Indian banks, including Axis Bank, HDFC Bank, SBI Card, and YES Bank have recently revised their credit card fees and regulations.
If you buy health supplements, try these credit cards
Choosing the right credit card can greatly amplify the buying power and perks for people regularly spending on nutraceuticals and health supplements in India.
Supercharge your AI passion with these tech-friendly cards
Choosing the right credit card is crucial for AI enthusiasts in India to maximize benefits that match their lifestyle and spending habits.
MobiKwik becomes India's first fintech company to launch e₹ wallet
In a historic move, MobiKwik has become the first fintech company in India to launch a Central Bank Digital Currency (CBDC) wallet, called e-rupee (e₹).
Yes Bank's Q3 profit surges by over 160% to ₹612.27cr
Yes Bank has posted a whopping 164.5% YoY jump in its profit after tax (PAT) for the third quarter ending December 2024, at ₹612.27 crore.
Canara Bank revises fixed deposit interest rates: Check new figures
Canara Bank has revised its fixed deposit (FD) interest rates for amounts less than ₹3 crore, effective December 1, 2024.
Paytm now offers automatic wallet top-up for UPI Lite users
Paytm, a popular digital payments platform in India, has launched a new feature - UPI Lite auto top-up.
Want a loan? Check out interest rates from leading banks
Several Indian banks, including State Bank of India (SBI), Bank of Baroda, HDFC Bank, and IDBI Bank have announced an increase in their marginal cost-based lending rates (MCLR) for certain tenures this month.
YES Bank's Q1FY25 profit rises 46% to over ₹500 crore
YES Bank has announced a 46.4% year-on-year (YoY) rise in its standalone net profit, for the first quarter of the financial year 2025 (Q1FY25).
Yes Bank lays off 500 employees amid restructuring drive
Yes Bank has started a restructuring process that involves laying off at least 500 employees, with the possibility of more layoffs in the upcoming weeks, as reported by the Economic Times.
Yes Bank's Q4 net profit jumps 123% to ₹451 crore
Yes Bank, a prominent private sector lender, has reported an impressive 123% increase in its net profit for the fourth quarter (January-March) of the fiscal year 2023-24.
Dubai's Emirates NBD considers acquiring controlling stake in Yes Bank
Dubai's leading bank, Emirates NBD, is reportedly considering a bid to acquire a controlling stake in Yes Bank, one of India's top private sector banks.
Major policy changes for Indian credit card issuers: Details here
As April approaches, significant policy changes are set to impact major credit card issuers in India, including SBI Card, ICICI Bank, and Axis Bank.
Yes Bank, Axis Bank initiate operations on Paytm's UPI platform
Yes Bank and Axis Bank have commenced operations on the Paytm app's Unified Payments Interface (UPI) platform, as of today (March 15).
Four banks compete to acquire Paytm merchants: Check here
Axis Bank, Canara Bank, Yes Bank, and Kotak Mahindra Bank are the leading contenders to take over merchant accounts of Paytm Payments Bank Ltd (PPBL).
Why HDFC Bank is buying stakes in these six banks
The Reserve Bank of India (RBI) has given approval to HDFC Bank to acquire up to 9.5% stakes in six banks.
ED grills Anil Ambani over FEMA violation
Industrialist and Reliance ADA Group Chairman Anil Ambani on Monday reportedly appeared before the Enforcement Directorate (ED) in connection with a case of alleged violation of the Foreign Exchange Management Act (FEMA), 1999.
DHFL scam: ED attaches builders' properties worth Rs. 415 crore
The Enforcement Directorate (ED) on Wednesday attached assets worth Rs. 415 crore in India's biggest bank fraud case, the Dewan Housing Finance Limited (DFHL) and Yes Bank scam.
Yes Bank founder Rana Kapoor gets bail in fraud case
A special court in Mumbai on Wednesday granted bail to Rana Kapoor, the founder and former chief executive officer (CEO) of Yes Bank.
Depositors to get Rs. 5L insurance if bank under moratorium
The Indian government on Wednesday cleared amendments to the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961, thus providing a big relief to the customers of failed or stressed banks.
After quarantine, Kapil and Dheeraj Wadhawan land in CBI custody
DHFL promoters Kapil and Dheeraj Wadhawan have been taken into custody by the Central Bureau of Investigation (CBI), Maharashtra Home Minister Anil Deshmukh said on Sunday.
Coronavirus crisis: Government waives ATM withdrawal, bank balance non-maintenance charges
In the wake of increasing COVID-19 cases across the country, the government has waived charges on withdrawals from other bank ATMs and the penalty on failing to maintain minimum bank balance for a period of three months.
Yes Bank resumes full banking services as RBI lifts moratorium
The ailing private lender Yes Bank on Wednesday confirmed that its banking services are now fully operational.
ED summons Anil Ambani over Yes Bank money laundering probe
Reliance Group Chairperson Anil Ambani was on Monday summoned by the Enforcement Directorate in connection with its money laundering case against Yes Bank founder Rana Kapoor.
Yes Bank rescue plan unveiled, withdrawals restrictions to be lifted
Crisis-hit Yes Bank got a lifeline after the Union Cabinet, chaired by Prime Minister Narendra Modi, notified a reconstruction plan backed by the State Bank of India (SBI).
Yes Bank depositors can now use IMPS/NEFT to pay dues
The crisis-hit lender Yes Bank on Tuesday allowed customers to make certain transactions using instant money transfer services.
How RBI and government cast net to nab Rana Kapoor
Yes Bank is spiraling downwards and its founder Rana Kapoor is in the custody of Enforcement Directorate. The Central Bureau of Investigation is also probing him over corruption charges.
Yes Bank crisis: In six months, depositors withdrew Rs. 18,000cr
The Yes Bank crisis may have been exposed last week, but depositors of the once famed lender anticipated trouble months ago, prompting them to withdraw their money.
Booked for corruption, Yes Bank's founder Rana Kapoor breaks down
Rana Kapoor, the founder of crisis-hit Yes Bank, was on Sunday booked by the Central Bureau of Investigation (CBI) for alleged criminal conspiracy, cheating, and corruption.
Yes Bank founder Rana Kapoor arrested by ED under PMLA
The Enforcement Directorate (ED) arrested the founder of crisis-hit Yes Bank, Rana Kapoor, in the wee hours of Sunday.
SBI working on Yes Bank's reconstruction scheme, says bank chief
State Bank of India Chairperson Rajnish Kumar on Saturday said that the bank has received the draft scheme for the reconstruction of the crisis-hit Yes Bank.
Yes Bank founder Rana Kapoor's home raided by Enforcement Directorate
The Enforcement Directorate on Friday raided the home of Yes Bank founder Rana Kapoor in Mumbai.
Explained: The rise and fall of Yes Bank
Yes Bank depositors panicked when on Thursday, the Reserve Bank of India (RBI) capped cash withdrawals at Rs. 50,000.
Amid Yes Bank crisis, Sitharaman assures depositors' money safe
Finance Minister Nirmala Sitharaman on Friday gave assurance to the depositors of cash-starved Yes Bank.
Yes Bank crisis: Things to know if you're a customer
In a drastic move, the Reserve Bank of India (RBI) took over the board of private lender Yes Bank on Thursday night, while also putting a cap of Rs. 50,000 on withdrawals.
Troubled Yes Bank under moratorium; withdrawals limited to Rs. 50,000
The Central government has imposed an order of moratorium on troubled private lender, Yes Bank, on Thursday as per the recommendation of the Reserve Bank of India (RBI).
Financial Bytes: Five credit cards that rich people use
Credit cards have become an essential part of our lives because of the convenience they offer. There are various types of credit cards that cater to different needs.
IIM-Rohtak sees 100% placements; average package Rs. 11.85 lakh p.a.
According to a press release by IIM-Rohtak, the institute has clocked a 100% placement record this year, with the average package being Rs. 11.85 lakh per annum.
#FinancialBytes: 5 credit cards in India that rich people use
Credit cards have become an essential part of our lives because of the convenience they offer. There are various types of credit cards that cater to different needs.
Sensex falls over 200 points on weak global cues
The BSE benchmark Sensex fell over 200 points in early trade today following weak global cues amid fresh foreign fund outflows.
After Ashok Chawla resigns, Yes Bank shares fall 7%
Extending its loss for the second consecutive day, shares of Yes Bank dropped 7% today on bourses after its non-executive chairman, Ashok Chawla, stepped down with immediate effect.
Sensex rises 115.89 points on fresh fund inflow, strong rupee
The 30-share BSE benchmark Sensex rose 115.89 points, or 0.33%, to 35,257.88 and the NSE Nifty regained 10,600-mark today backed by gains in auto, pharma, energy, and financial stocks, amid fresh foreign fund inflows and easing global crude prices.
Sensex plummets over 800-points on sinking rupee, weak global cues
The BSE benchmark Sensex plummeted over 800-points in the afternoon session today as rupee sank to another low amid boiling crude prices, weak global cues.
Demonetization: Hyderabad firm that deposited Rs. 3,000cr missing from registered-address
A Hyderabad-based company that suspiciously deposited and withdrew Rs. 3,178cr during demonetization is nowhere to be found at its registered address, TOI reports.
After 10.5% pay-cut, HDFC Bank CEO earns Rs. 2.64L daily
India's highest-paid banker, Aditya Puri, HDFC Bank CEO, has taken a pay cut of 10.5% for FY18. Despite the reduction, he will earn a whopping Rs. 2.64L per day, or Rs. 9.6cr annually!
Maharashtra Government unveils 'sandbox' to aid start-ups in fintech space
In its efforts to develop India's financial capital into a fintech hub, the Maharashtra Government has announced a "sandbox" to aid start-ups in the fintech space.
Case studies published by the IIM Calcutta win international awards
Two case studies published by the IIM Calcutta Case Research Centre have won awards in the 2017 edition of the European Foundation of Management Development case competition.
Nearly 1.70 lakh registrations for the 60-day long Amarnath yatra
Over 1.70 lakh pilgrims have registered for the 60-day long pilgrimage to the cave shrine of Amarnath in south Kashmir Himalayas, set to begin from Jammu on June 28.
Sensex surges over 146 points in opening trade
Market benchmark Sensex surged over 146 points in opening trade today on fresh buying by domestic institutional investors amid a strengthening rupee.
Sensex gains 166 points, Nifty tops 10,600-level
Benchmark indices managed to close higher for the second session today, led by gains in refinery, capital goods, healthcare, auto, and banking stocks amid firming trend in global markets.
RBI approves overseas offices for Yes Bank in London, Singapore
Mid-size private sector lender Yes Bank today said it has received approval from the Reserve Bank of India to have presence in London and Singapore to support the diaspora business and also international trade.
Ahead of RBI policy meet, Sensex rises nearly 100 points
The BSE Sensex rose nearly 100 points in opening trade on Wednesday ahead of Reserve Bank of India's monetary policy review that begins today.
Sensex begins FY19 on firm note, rises over 100 points
Domestic equities opened on a firm note on the first trading day of the new financial year 2018-19 today, with Sensex reclaiming the 33,000-mark by rising over 100 points amid positive global cues.
IIM Shillong completes 100% placement; top package at Rs. 26L
IIM Shillong has completed 100% placement for its Post Graduate Program in Management (PGPM) for 2017-18 batch.
RBI fines Axis Rs. 3cr, IOB Rs. 2cr for violations
The RBI has levied Rs. 3cr fine on Axis Bank and Rs. 2cr penalty on Indian Overseas Bank (IOB) for various violations.
More flaws in Aadhaar: Anyone can access your bank details
Reports about the lack of privacy and safety in Aadhaar only keep getting worse.
SBI may cut down minimum account balance to Rs. 1,000
SBI is mulling slashing its minimum account balance (MAB) requirement. This comes days after the finance ministry reported SBI had earned Rs. 1,771cr from fines levied on non-maintenance of MAB during April-November'17.
ICAI to check if banks misreport bad loans
According to reports, Institute of Chartered Accountants of India (ICAI) has requested information pertaining to the bad-loan estimates provided by certain lenders and the central bank, from Reserve Bank of India.
Awfis Space Solutions gets $20 million from Sequoia Capital
A very brief definition of Awfis can probably be that it is a start-up that provides work-spaces for start-ups.
Delhi: Four Bhondsi jail-mates in Limca Book of Records
The Limca Book of Records now features four inmates of the Bhondsi jail for installing 'Phoenix' (a prison-management software) in 11 prisons of Haryana.
There has been no data leak says McDonald's India
In a statement issued by McDonald's India (South and West), the firm vehemently denied that there was any data leak.
RBI raises cash reserve ratio to 100%
India's central bank, the Reserve Bank of India, directed the country's banks to maintain a cash reserve ratio of 100% to help absorb the excess deposits being collected in banks.