The Enforcement Directorate (ED) has attached Rs2,203 crore assets of Yes Bank founder's Rana Kapoor, his family, Dewan Housing Finance Ltd's (DHFL) promoters and others under the Prevention of Money Laundering Act (PMLA) in the Rs3,700 crore fraud case, according to officials, here on...
When India imposed a hard lock-down, decision-makers were clueless about how it would impact over 140 million Indians who were out of a job overnight and stranded across the country, far away from home and families. After they decided to walk thousands of miles without adequate food,...
Timing is an important while making investment decisions. But this is also true for regulation and supervision, and is felt most acutely in its absence.
As the world struggles to deal with the economic consequences of the coronavirus pandemic, victims of financial failures in India...
So, Yes, the Bank, lives to fight another day. Will there be a full turnaround of the Bank or will it always remain a satellite of State of Bank of India (SBI)? We will have the answer to that over the next three years. For the moment, the Bank is no longer on the brink and depositors need...
As the Yes Bank probe gathers momentum, the Enforcement Directorate (ED) has now summoned all the large borrowers who were given loans by the Rana Kapoor-led management.
An ED official related to the probe told IANS: "The agency has summoned all the top borrowers of the Yes Bank...
