Yes bank crisis, founder arrested, full report. Stock Market News.




ICICI, HDFC, Kotak Bank and SBI to save Yes Bank from crisis.


After getting a big relief to the customers of YES Bank, which was surrounded by financial crisis on Tuesday, now another big news has come on Wednesday. ICICI Bank, HDFC Bank, Kotak Bank and other institutions have been approached to put equity in the restructuring plan of Yes Bank, the country's largest bank, State Bank of India.

State Bank of India is preparing this plan. To ease the restrictions on withdrawal of customers from Yes Bank, an effort is being made to infuse at least Rs 50,000 crore in the bank.

The move comes a day after the bank's newly appointed Administrator Prashant Kumar said that the ban on the bank could be lifted by Saturday. He also said that the bank is working to restore all the facilities to its customers. State Bank is hopeful that after this step, customers will be helped to restore the trust in Yes Bank. The customers of the bank will be able to get money according to their need. This step can also help in improving the credit rating of the bank.

Earlier, Yes Bank had approved its customers to pay their loan EMI and credit card dues from other bank accounts. Yes Bank has said that it has enabled inward payment through IMPS / NEFT and customers can pay EMI and credit card dues from their other accounts.

Yes Bank shares continue to bounce for the second consecutive day. On Wednesday, Yes Bank shares are seeing a jump of about 25 percent. The stock of Yes Bank has remained strong due to the news of preparation of bailout plan.

Rana Kapoor's assets worth over Rs 1,000 crore in Delhi, on ED's radar.


New Delhi :


YES Bank founder Rana Kapoor was able to take his home to a country outside India, before the Enforcement Directorate (ED) detained him and the plan to sell his three properties in Delhi could not succeed. These assets are worth over Rs 1,000 crore. These three assets are - 40 Amrita Shergill Marg, 18 Kautilya Marg Chanakya Puri, and Diplomatic Enclave located at Sardar Patel Marg. These assets are not directly related to Kapoor, but officials say that it has told some property dealers that they should find buyers of these properties. Are within the scope of.



Significantly, the CBI on Monday conducted raids at seven places in connection with the alleged bribe of Rs 600 crore to the family of Yes Bank co-founder Rana Kapoor by the distressed DHFL. The CBI in its FIR had named five companies, seven persons including Kapoor's wife and three daughters and other unknown persons. Apart from Rana Kapoor, the agency has sued his wife Bindu, daughter Roshini, Rakhi and Radha.

Earlier, Rana Kapoor's daughter Roshni Kapoor (Roshni Kapoor) was detained at Mumbai Airport. She was about to take a flight to London. Roshni was stopped at the airport because of a lookout notice against Rana Kapoor's family members.

The troubled Yes Bank said on Tuesday that its customers can pay their credit cards and loans through other bank accounts. Earlier, due to the cash crisis, the Reserve Bank had banned its functioning. After stopping the functioning of the bank, long queues were seen in front of ATMs and bank branches to withdraw money.

 CEO of Yes Bank 'Rana Kapoor' at World Economic Forum.


Customers were also unable to withdraw money through other platforms such as Internet banking and digital payments. Apart from this, foreign exchange services and credit card services were also affected. Yes Bank tweeted, "IMPS / NEFT services are now restored." The bank said, "You can pay off the bank's credit work dues and debt liabilities from other bank accounts." The bank has said that its ATMs are also fully functioning and customers can withdraw the specified amount.

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