IL&FS and its entities, being financial service providers, no application under Section 7, or 9 or 10 of the Insolvency and Bankruptcy Code (IBC) can
Category: IBC-SEBI
Coronavirus outbreak, bank failure and oil drop push RBI, Modi govt to take immediate action – The Financial Express
India’s central bank and government will need to raid their policy toolkits to respond to a myriad of global and domestic risks threatening an economy
Over 100 people in Yes Bank’s ‘top management’ may lose ESOPs, bonuses | Business Standard News
The Reserve Bank of India (RBI) is considering clawing back the employee stock options and bonuses issued to the entire top management of YES Bank
All you wanted to know about AT-1 bonds – The Hindu BusinessLine
The government and the RBI seem to have worked overtime just before the weekend to put together a bailout package for YES Bank. With the
RBI asks state govts not to move deposits out of pvt banks; says money is safe–Deccan Chroncle
New Delhi: The Reserve Bank of India (RBI) has asked state governments not to transfer their deposits out of private sector banks saying apprehensions about
The ‘Yes’ to loot | Deccan Herald
The dramatic developments in the case of Yes Bank will bring new shock waves to a financial sector that is already shaken and bruised. It
Yes Bank crisis to hit LIC customers – The Economic Times
BENGALURU: Ahead of the March 31 tax deadline, lakhs of LIC customers might see disruption as the Life Insurance Corporation of India’s nodal bank for
Yes Bank rescue: ICICI Bank, HDFC, Kotak could play big roles in SBI’s plan – The Economic Times
ICICI Bank, HDFC bank, Kotak and other institutions have been sounded out for equity infusion while an array of public sector lenders have been approached
There was enough time to put together plan for Yes Bank, says Raghuram Rajan – The Economic Times
NEW DELHI: Former RBI governor Raghuram Rajan on Wednesday said there was a lot of time to put together a plan for Yes BankNSE 35.53
View: The crisis at YES Bank is an opportunity to start correcting the wrongs – The Economic Times
By Lloyd Mathias The crisis in Yes BankNSE 31.58 % and its impact on customers nationwide has yet again raised the issue of business accountability.
Reliance Home Finance defaulted on loan repayment of Rs 40 crore in February: Regulatory filing – The Financial Express
The company has cash on hand of approximately Rs 700 crore in the form of investment in liquid mutual fund, it said. The Anil Ambani-controlled
Yes Bank Share Price: Axis Trustee Services moves Bombay HC against YES Bank AT1 bond writedown – The Economic Times
According to a writ petition filed by Axis Trustee Services before the Bombay High Court, the proposed scheme gives preference to Yes Bank promoters —
Rana Kapoor Yes Bank: Suspecting ‘sabotage’ of rescue plan, govt played cat & mouse game to corner Rana Kapoor
NEW DELHI: At least thrice in the last eight months or so, potential investors in Yes BankNSE 31.58 % walked away just when a deal
yes bank cash withdrawal: Did depositors second-guess Yes Bank’s fate? Here’s a tale from last year – The Economic Times
During the last six months, when Yes BankNSE 31.58 % was reeling under one crisis after another, depositors took out Rs 18,000 crore from the
NCLAT upholds CCI order on Adani Gas for abuse of dominant position – The Economic Times
New Delhi: The NCLAT has upheld the fair trade regulator CCI’s order, holding Adani GasNSE -5.50 % Limited (AGL) “guilty of of abuse of dominant
Financial audits failed repeatedly, govt should make cost accounting must to check bank NPAs: ICMAI – The Economic Times
Mumbai: Financial audits have failed repeatedly and the government should make cost accounting mandatory to keep a tab on non-performing assets at lenders, which can
Yes Bank crisis in India: Risks of investing in perpetual bonds–Economic Times
Retail investors who had invested in perpetual bonds issued by Yes Bank, under the impression that these bonds were similar to fixed deposits, are now
Most depositors’ money safe as amount of deposits insured raised to Rs 5L: CEA KV Subramanian – The Economic Times
NEW DELHI: Chief Economic Advisor (CEA) KV Subramanian on Sunday said the amount of deposits that are insured has been raised to Rs 5 lakh
Welcome addition to ease of doing business–Economic Times
The Cabinet’s move to clear 70-odd amendments to the Companies Act, decriminalising various technical and procedural offences, is welcome. It will improve the ease of
Systemic remedies, beyond Yes Bank–Economic Times
No one comes out smelling of roses in the Yes Bank saga. To get a perspective on how the bank has performed, it is useful
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