Yes Bank: ED raids Mumbai builder Omkar Realtors in money laundering case
The action is being carried out under the Prevention of Money Laundering Act (PMLA) and the raids are aimed to gather more evidence, official sources said.
PMLA case: HC refuses bail to Yes Bank founder Rana Kapoor
The central agency is conducting an investigation against Kapoor, his wife, and th...
Peter Kerkar of Cox & Kings arrested by ED in money laundering case
In October, the ED had arrested Cox & Kings Group CFO Anil Khandelwal and...
Why allowing corporate houses to own banks is a bad idea
It’s just not RBI that should tread cautiously. Many corporates, used to appointing their pals as independent directors, influencing auditors and showering key managers with stock options, must note that besides staking their reputation, every move as a bank would need RBI clearance. It can be a stifling world of compliance they aren’t familiar with. For the regulator and the regulated, it would be like crossing the Rubicon.
Yes Bank case: Rana Kapoor's daughter Roshni gets bail
Roshni Kapoor was summoned by the court last month in connection with the case. She is one of the eight accused named in the chargesheet filed in the case by the CBI.
No more sleepless nights for Yes Bank CEO Prashant Kumar
Yes Bank returned to profit in the quarter ended September and Kumar made provisions for potential covid-related losses.
Yes Bank lacked cost control; aim to cut operational expenses by 20% in FY21: CEO Prashant Kumar
The city-based lender is experiencing delays in loan recovery efforts as big defaulters are approaching courts, its new chief executive and managing director Prashant Kumar told PTI. Kumar was asked to lead Yes Bank in March after its rescue by a SBI-led consortium of lenders after alleged governance lapses under co-founder and chief executive Rana Kapoor.
Sebi imposes Rs 1 crore fine on Rana Kapoor for disclosure lapses
The disclosure violation pertains to a promoter entity, Morgan Credits Private Ltd raising Rs 950 crore from Reliance Mutual Fund through unlisted Zero Coupon Non-Convertible Debentures (ZCNCDs) on April 19, 2018.
Yes Bank: ED attaches Rs 127-crore London flat of Rana Kapoor
The agency issued a provisional order for attaching the property -- Apartment 1, 77 South Audley Street, London -- under the Prevention of Money Laundering Act (PMLA).
CBI to seek Yes Bank board’s sanction to prosecute the bank's cofounder Rana Kapoor
The agency says Kapoor and his family received kickbacks of Rs 600 cr after Yes Bank invested Rs 3,700 cr in scam-hit DHFL's short-term debentures that were not redeemed.
HC dismisses plea for CBI, ED probe against Priyanka Gandhi, Milind Deora, Rana Kapoor
Regarding the plea to direct the investigative agencies to take action, the high court said the concerned trial court, where an FIR is already pending against Kapoor in the Yes Bank scam, will have the jurisdiction to direct the probe and the NGO should approach the lower court.
Delhi HC dismisses plea for CBI, ED probe into 'links' between Priyanka Vadra, Rana Kapoor
The Delhi High Court on Monday refused to entertain a petition seeking directions to the Central Bureau of Investigation (CBI) and Enforceme...
Cheating case: Yes Bank founder Rana Kapoor's anticipatory bail plea rejected
Kapoor is currently in a judicial custody after being arrested by the Enforcement Directorate (ED) in a cheating and criminal conspiracy case. He had moved the anticipatory bail application before the special CBI court in June.
Divison bench directs YES Bank-Zee matter to be heard afresh
The single judge bench had declined interim relief to the bank following it had approached the division bench.
ADAG says no exposure to Rana Kapoor, family
ADAG further said its entire exposure to YES Bank is fully secured.