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The Latest Breaking News from YES Bank

Highest 5-year FD rates at PSU vs private vs SFB banks: What Rs 1 lakh investment in each FD will give you on maturity

Investors seeking high returns on 5-year fixed deposits can explore options beyond public sector banks. DCB Bank leads private banks with a 7.25% interest rate, offering an approximate maturity of Rs 1.43 lakh on a Rs 1 lakh investment. IDFC FIRST Bank follows closely, while other private and small finance…

The Economic Times

Yes Bank co-founder Rana Kapoor gets bail in bank fraud case after four years

ED arrested Rana Kapoor in March 2020 in a money laundering case

The Hindu

Corporate sponsorship a big help for athletes: PT Usha

MUMBAI: Legendary athlete and current IOA chief PT Usha has seen and endured the struggle that athletes had to bear when sports funding was a perennial issue and they had to make do with minimal nutrition, training and foreign trips to compete in events abroad.

The Times of India

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Barclays, Yes Bank raise India inflation forecast as prices jump

NEW DELHI: A higher-than-expected India inflation reading in June has prompted some economists to raise their forecasts for consumer price gains for the year, cementing expectations the central bank will take more time to pivot to rate cuts.

The Times of India

‘Repetitive probe’ in Yes Bank case may impact merger with Sony: Zee to SEBI

Zee has reportedly written to the Securities and Exchange Board of India that “continuous and repetitive” investigations – in a case pertaining to an alleged Yes Bank fund diversion – may impact its merger with Sony.

Newslaundry

Penguin moves Delhi HC against trial court injunction on Rana Kapoor book

The Delhi High Court on Thursday issued notice to former Yes Bank Managing Director Rana Kapoor on an appeal by publishing house Penguin Random House India against a trial court order asking them to refrain from publishing and distributing a book on him.

The Times of India

Tax cuts, factory perks: What to watch for in Union Budget 2023

The Union Budget on Wednesday will test the government’s resolve to stay fiscally prudent as expectations of lower taxes, wider social security net and further boost to production gather steam before national elections.

The Times of India

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Carlyle, Advent get conditional nod from RBI to own 9.99% in Yes Bank

MUMBAI: Private equity majors The Carlyle Group and Advent have got the Reserve Bank's nod to own up to 9.99 per cent in Yes Bank, the private sector lender said on Thursday.

The Times of India

Yes Bank gets RBI nod for appointment of Prashant Kumar as MD and CEO

NEW DELHI: The Reserve Bank of India has approved the appointment of Prashant Kumar as MD and CEO of Yes Bank for three years with effect from October 6, 2022.

The Times of India

CBI files charge sheet against Rana Kapoor, Gautam Thapar in Yes Bank fraud

NEW DELHI: The CBI has filed a charge sheet against former chief executive and managing director of Yes Bank Rana Kapoor as well as Avantha Group promoter Gautam Thapar in the Rs 466.51 crore alleged fraud in the bank, officials said.

The Times of India

Sebi imposes Rs 2 crore fine on Rana Kapoor in Yes Bank AT-1 bonds case

NEW DELHI: Capital markets regulator Sebi on Wednesday imposed a penalty of Rs 2 crore on former Yes Bank MD and CEO Rana Kapoor for mis-selling the private sector lender's AT-1 bonds.

The Times of India

Mumbai: ED submits chargesheet against Avinash Bhosale and Sanjay Chhabriaa in Yes Bank case

MUMBAI: The Enforcement Directorate (ED) submitted a chargesheet against builders Avinash Bhosale and Sanjay Chhabriaa before the special PMLA court on Thursday in a money laundering case connected to the Yes Bank-DHFL Rs 3,700-crore loan fraud and money laundering case. Brothers and erstwhile promoters of DHFL Kapil and Dheeraj Wadhawan…

The Times of India

Yes Bank-DHFL case | Enforcement Directorate attaches ₹415 crore worth assets of builders Avinash Bhosale, Sanjay Chhabria

Investigation in the case was initiated against the founder and CEO of Yes Bank, Rana Kapoor and promoters of DHFL, Kapil and Dheeraj Wadhawan all currently in jail

The Hindu

Yes Bank shares jump over 12% today: What led to rise in stock price

NEW DELHI: Shares of private lender Yes Bank has been performing well in the stock markets since the past few sessions. On Tuesday, the stock jumped nearly 13% and closed at Rs 17.14 on the BSE.

The Times of India

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Newslaundry

No bills, low attendance, 10 questions: A recap of Subhash Chandra’s Rajya Sabha tenure

When he took oath as a Rajya Sabha MP in August 2016, media baron Subhash Chandra said it was now time to “give back to society” since he had done “a great deal of business in life”.

The Times of India

DHFL approved loans worth crores of rupees to Sanjay Chhabria within minutes without documentation, says CBI

MUMBAI: Kapil Wadhawan, erstwhile promoter of Dewan Housing Finance Corporation Ltd (DHFL), a non-banking financial institution, ensured that his firm disbursed loans worth crores of rupees to city-based builder Sanjay Chhabria within a few minutes after receiving related requests without any documentation through online transfers at different points of time…

The Times of India

Mumbai: Company Avinash Bhosale claimed he sold for Rs 50 crore still with him, alleges ED

MUMBAI: Pune businessman Avinash Bhosale had claimed that he sold one of his companies for Rs 50 crore to Mumbai-based builder Sanjay Chhabria around three years ago, but the company is still with Bhosale and he obtained money illegally, alleged the Enforcement Directorate (ED) seeking Bhosale's further custody in a…

The Times of India

ED custody for Pune businessman Avinash Bhosale in fraud case

MUMBAI: A special PMLA court on Tuesday remanded Pune businessman Avinash Bhosale to Enforcement Directorate (ED) custody till July 5, in a money laundering case related to Yes Bank-DHFL loan fraud case.

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The Times of India

Laundering case: ED to take custody of builder

MUMBAI: The special CBI court has granted the Enforcement Directorate (ED) permission to take custody of builder Sanjay Chhabriaa from jail to question him in a money laundering case.

The Times of India

CBI suspects Pune-based influential businessman Avinash Bhosale took Rs 365 crore kickbacks to help DHFL get loan

MUMBAI: The CBI suspects that Pune-based influential businessman Avinash Bhosale collected Rs 365 crore as kickbacks for helping DHFL obtain a Rs 4,733 crore loan from Yes Bank and is investigating if there are other parties who connived with him.

The Times of India

Arrest illegal? Pune businessman Avinash Bhosale's remand hearing delayed

MUMBAI: The remand hearing of arrested Pune businessman Avinash Bhosale, in a rare development, was adjourned for three days after his lawyer said the arrest was “illegal” as the CBI court had not passed any order. Terming the circumstances “peculiar”, the court said Bhosale will be kept in the CBI’s…

The Hindu

CBI arrests ABIL group chairman Avinash Bhosale in Yes Bank-DHFL scam case

The CBI suspects that illicit funds were routed through several real estate companies based in Maharashtra

The Hindu

Yes Bank-DHFL case: CBI searches premises of three builders

The Central agency suspects that their private companies were involved in the case.

The Times of India

Builder Sanjay Chhabria arrested in DHFL-Yes Bank cheating case

MUMBAI: The CBI on Thursday arrested builder Sanjay Chhabria of Radius Group in a case related to cheating, criminal conspiracy and corruption that it is investigating against DHFL promoter Kapil Wadhawan, his brother Dheeraj and former Yes Bank promoter Rana Kapoor.

The Hindu

Congress says Rana Kapoor’s allegations are political vendetta

Congress questions the credibility of the Yes Bank co-founder and the Enforcement Directorate

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