LVB crisis: Same story, different characters
The 30-day moratorium on Lakshmi Vilas Bank is similar to YES Bank, protecting depositors and employees, but retail shareholders would be worst hit if amalgamation with DBS Bank India goes through.
yes bank
November 2020
March 2020
IndusInd Bank’s tale of circuits and trouble
After the change of guard at the leading private bank, its stock has witnessed 10 upper and lower circuits in the last five trading sessions.
Saving YES Bank
The government and the RBI have stepped in with a community bailout for the beleaguered private sector bank to prevent a financial contagion. But it’s a long, bumpy road to recovery.
‘No need to worry about YES Bank deposits’
Prashant Kumar, the bank’s administrator, echoed the words of RBI governor Shaktikanta Das that there was no cause for worry about deposits as the moratorium on withdrawals is set to end on March 18.
YES Bank shares surge 58%
YES Bank ended the trading session 58% higher at ₹58.65 per share on Tuesday. The stock has gained over 150% in three trading sessions.
Ready to take rate action when required: RBI governor
Providing liquidity on tap for market participants is the RBI’s strategy to combat the coronavirus fallout.
YES Bank reports record ₹18,564-crore loss in Q3
The beleaguered private bank’s new investors have to deal with the already declining deposit base and mounting non-performing assets.
YES Bank moratorium ends on March 18
The government notifies reconstruction scheme with wider room for capital, four board members, and conditional lock-in for the existing shareholders.
Another Black Friday for the bourses
The global rout owing to the unabated rise in coronavirus cases and the YES Bank crisis led to a decline of 1,459 points on the Sensex and 441 points on the Nifty 50.
Yes Bank: RBI releases draft of bailout plan
The central bank has invited suggestions and comments from members of the public, including the banks’ shareholders, depositors, and creditors on the draft scheme till Monday (March 9).
