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Mar 5, 2020 · Yes Bank news: The financial position of the bank has undergone a steady decline over the last few years. In a rare case of Reserve Bank of India superseding the board of a commercial bank in...
Mar 9, 2020 · New Delhi: Under a rescue plan for Yes Bank, the State Bank of India (SBI) has bought a 49 per cent stake in the crisis-hit bank at Rs 10 per share, for a Rs 2 share. This essentially makes Yes Bank a private bank supported by a government bank. These are the 5 Ws of the Yes Bank crisis.
Mar 6, 2020 · Reuters. Updated Mar 06, 2020, 2:04 PM IST. Yes Bank logo. India's central bank took control of the country's fifth-largest private sector lender Yes Bank on Thursday and imposed limits on...
About YES Bank Crisis. Follow. What is YES Bank crisis? On March 5, 2020, the Reserve Bank of India (RBI) imposed a 30-day moratorium on YES Bank, superseded the private-sector lender’s board, and appointed Prashant Kumar, who was serving as chief financial officer and deputy managing director at State Bank of India (SBI), as an administrator.
- Yes Bank History
- How Big Is Yes Bank?
- Yes Bank Crisis
- RBI Moratorium
- Yes Bank Ltd. Reconstruction Scheme, 2020
- Yes Bank-Sbi Deal
- Yes Bank and RBI
- Bank Crisis and Bailouts in India
- Banking Sector Reforms
- Conclusion
Yes Bank, started in 2004, is one of the new generation private banks that were allowed to start banking operations by Reserve Bank of India in the post-liberalisation era. The bank was founded by Rana Kapoor and Ashok Kapur. The bank engaged in highrisk lending, providing loans to those who could not raise funds elsewhere. The assets books of Yes ...
YES bank is currently India’s fifth-largest private sector lender. Yes bank had deposits of Rs. 2 lakh crore. Its total assets including loans given are Rs.3.5 lakh crore. The bank has 18000+ employees and has more than 1100 branches and 1300 ATMs.
Loans not repaid is a major issue of most banks in India. These bad loans are called Non-Performing Assets (NPA). The Gross Non-Performing Assets of YES Bank was 7.4% of the gross advances at the end of September 2019. It became 18.87 per centof the bank’s total loan book (or Rs 40,709.20 crore) at the end of December 2019. The crisis at YES Bank s...
All the above factors led the RBI to conclude that there was no “credible revival plan” from the end of YES bank and so “in the public interest and the interest of the bank’s depositors” there was “no alternative” but to place the bank under a moratorium. RBI to took over from YES bank board for 30 days. The central bank has appointed deputy managi...
Reserve Bank of India (RBI) stated that State Bank of India (SBI) has expressed its willingness to make an investment in Yes Bank Ltd. and participate in its reconstruction scheme. Therefore, as per the of the powers conferred by sub-section (4) of section 45 of the Banking Regulation Act, 1949, the Reserve Bank of India, proposed the details of th...
SBI board has given in-principle approval of exploring the possibility of picking up a stake of up to 49 per cent in Yes Bank. The draft plan is out. However, the deal is not finalised yet.
The Reserve Bank of India (RBI) already facing criticism on major supervision lapses in cases like Punjab National Bank (PNB) and Punjab and Maharashtra Cooperative Bank (PMC), couldn’t have afforded Yes Bank to fail.
The bailout is the act of giving financial assistance to a failing business to save it from collapse.
Indian Banking Sector is going through a tough time. It’s time for immediate reforms like the merger of banks, bank resolution authority etc. Also, the root cause of the NPA issue should be identified and properly addressed.
Yes Bank was one of the highest-rated new generation private banks until 2017 when the bank started to face serious bad loan issue. To stabilise the bank, Yes Bank Ltd. Reconstruction Scheme, 2020 was introduced by the Reserve Bank of India. RBI had also imposed temporary restrictions regarding the withdrawal of deposits. SBI board has given in-pri...
Mar 10, 2020 · The Reserve Bank of India has placed Yes Bank under moratorium . Yes Bank customers cannot make regular withdrawals of more than Rs. 50,000 a day till April 3, subject to...
Mar 8, 2020 · New Delhi | Updated: March 10, 2020 10:40 IST. Follow Us. The crowd outside Yes Bank in Ahmedabad. (Express photo/Javed Raja) On March 5, the Reserve Bank of India announced that it was superseding the Yes Bank Board of Directors for a period of 30 days “owing to serious deterioration in the financial position of the Bank”.
