yes bank

Bogus Accounts Opened In Landowners’ Names While They Were Abroad

US-based Silicon Road Ventures and veteran banker Ajay Mahajan have launched a Rs 150 crore fund targeting startups in agentic AI for commerce and retail. The Sebi-registered fund will back early-stage companies in e-commerce, supply chain, fintech, and retail operations, focusing on automated decision-making solutions rather than capital-intensive ventures.

The Supreme Court emphasized its reluctance to direct arrests, prioritizing evidence collection and witness protection. While monitoring investigations, the bench declined to comment on the merits of the Anil Ambani Group (ADAG) case, citing past collateral damage to reputations. The CBI has filed nine FIRs totaling Rs 27,337 crore against ADAG entities.

Mumbai Traffic Police have announced significant road restrictions in central Mumbai on May 1st for the Maharashtra Day Parade at Shivaji Park. Commencing from 6 am to noon, several roads including Keluskar Road South and North will be closed to all vehicular traffic except for invitees. Motorists are advised to avoid the affected routes and follow diversions.

Ola Electric is launching a 'Sona Weekend' sale with up to Rs 50,000 in benefits and a chance to win a gold-themed scooter. Special pricing on S1 X and Roadster X models, plus discounts and extended warranties, are available for a limited time. A unique gold-plated S1 Pro Sona edition is also featured.

The annual Amarnath Yatra will commence on July 3 and conclude on August 28, spanning 57 days. Pilgrims aged 13 to 70 can register from April 15, with enhanced accident insurance of Rs 10 lakh. Registrations will be available at 554 bank branches nationwide.

Prepare for the sacred Amarnath Yatra 2026, commencing July 3rd! Registration opens April 15th online or at 550 bank branches. Pilgrims aged 13-70 with a health certificate issued after April 8th are eligible. Choose the Pahalgam or Baltal route. Enhanced safety, including RFID tracking and Rs 10 lakh insurance, is in place.

Vivo has launched the V70 FE in India, featuring a 200MP OIS camera, a northern lights-inspired design with Darkness Glow Technology, and a 7000 mAh battery with 90W Flash Charge. The smartphone is powered by the MediaTek Dimensity 7360-Turbo SoC and offers up to 12+256GB storage, with pricing starting at Rs 37,999.

RBI’s announcement of a 30-day moratorium on yes bank and a cap on cash withdrawals sent depositors scurrying to ATMs and bank branches across NCR on Friday. With the bank’s net and mobile banking switched off and ATMs not working, withdrawals were possible only through branches where staff resorted to the old and much slower token system, leading to long queues.

Former finance minister and Congress leader P Chidambaram on Friday termed yes bank crisis as a completely "regulatory failure" and said there is no need to panic as the Reserve Bank of India (RBI) placed restrictions on the bank.

RBI-appointed yes bank administrator Prashant Kumar on Monday said the lender is working to restore all banking services for its customers as soon as possible. "For us, the first priority is the customers and how to provide the seamless business...," Kumar said. He further added, since Saturday evening the ATMs of other banks were also available for withdrawal.

Shares of yes bank surged more than 14 per cent on Wednesday after its chief executive Ravneet Gill said the lender was close to sealing a minority stake sale deal. "We are in fairly advanced level of talks right now," Ravneet Gill, CEO and managing director of the corporate and retail bank, told news agency Reuters on Tuesday.

yes bank is seeing interest from foreign firms keen to invest in the asset reconstruction company (ARC) it plans to launch to hive off soured loans worth Rs 50,000 crore ($6.86 billion), according to the bank's top executive.

Stock exchanges have put several restrictions on collaterals like bank guarantee and FDs issued by yes bank, which brokers give as margins for trading on the bourses. On Friday, after the RBI put restrictions on the operations of the troubled private lender, the NSE said all collaterals from yes bank are to be replaced with new collaterals by March 11.

Continued uncertainties on capital raising resulted in 2 domestic rating agencies downgrading private sector lender yes bank. The bank, which has had a tumultuous year since the RBI terminated the term of its co-founder Rana Kapoor, has not been able to make progress in its equity raising even after claiming that it has investors willing to pump in $3 billion.

Four private lenders- ICICI Bank, HDFC, Axis Bank and Kotak Bank- committed an additional Rs 3,100 crore to yes bank even as the Union Cabinet cleared a rescue package for the private bank involving a Rs 7,250 crore investment by the State Bank of India. Finance minister Nirmala Sitharaman also gave a clear timeline for the lifting of the moratorium.

yes bank has said that its board will meet on December 13 to appoint a new chairman and directors.

Shares of yes bank on Friday rose 5 per cent after LIC acquired close to 5 per cent shareholding in the bank by purchasing shares from the open market.