SBI's neck has built a bell of 12 thousand crores

Green wave to bank mafias: People give money to the bank, bank blindfolded businessmen

Cause of debt collapse to corporates including Anil Ambani Group, IL&FS, DHFL, Essel, Vodafone

Yes Bank to Anil Ambani Group for Rs. 13 thousand crores and 3500 crores were given to Zee Group

Moneychangers 'money secured, employees' jobs secured for one year in Yes Bank: Finance Minister Sitharaman

New delhi date. March 6, 2020, Friday

The Reserve Bank of India (RBI) and the Ministry of Finance were in action on Friday after the private sector superseded the board of Yes Bank and put it in a moratorium.

The Reserve Bank has announced a special plan to rescue the bank, while Finance Minister Nirmala Sitaram has instructed the Reserve Bank to investigate what went wrong at Yes Bank. He also claimed that the money of the landlords at Yes Bank was safe. He also assured that the employees of Yes Bank employees will be retained for one year.

RBI today announced a draft scheme for reconstruction to revive the bank. As per this scheme, SBI will invest up to 49% stake in the newly formed bank. Each employee of the bank will continue on a current pay basis for at least one year.

The newly formed bank's board of directors will be given the freedom to cancel the service of the chief managerial authority at any time. However, due process will have to be followed. The Reserve Bank has also sought views from Yes Bank's shareholders, depositors and creditors and the public on the scheme. The branches of the newly formed banks will continue to work in the same manner as they currently are.

As per the plan, the authorized capital of Yes Bank will be changed to Rs 5000 crore and the number of equity shares will be reduced to 2400 crore which will be valued at Rs two per share. The investor who wants to invest money in the newly formed bank will have to retain 49% of the bank and for this he has to pay no less than 10 rupees per share.

The lock-in period for such an investor will be three years and the investor cannot reduce his share below 26%. According to one calculation, Investor Bank (SBI) will have to invest Rs 11760 crore in the new bank to acquire the stake.

Meanwhile, Finance Minister Nirmala Sitaraman, addressing a press conference in New Delhi, said that the Reserve Bank has been told to investigate what went wrong at Yes Bank and also directed to determine personal liabilities.

Yes Bank has been eyeing 2017. The Reserve Bank found that regulatory obligations were weak at Yes Bank in addition to the wrong classification of assets and risky credit standards.

Yes Bank has financed a number of stressed corporations including Anil Ambani Group, Essel, IL&FS, DHFL and Vodafone. The restructuring scheme will be fully effective within 30 days and State Bank of India has expressed its desire to invest in Yes Bank.

Former finance minister P Nirmala Sitaram said that the United Western Bank broke down in 2006 under "automatically qualified doctors". Pointed the finger against Chidambaram. We ensure that customers keep their money and interests in mind. Meanwhile, Reserve Bank Governor Shaktikant Das said, "The maximum duration of a 30-day moratorium is maximum."

The steps taken for Yes Bank are to maintain stability and stability in the country's financial system and problems will be resolved quickly. "This decision came after enough time was given to Yes Bank for an internal solution," he said, adding that the decision was made at the right time.

ED raids home of Yes Bank founder Rana Kapoor

New delhi date. 6

The Enforcement Directorate (EDA) raided a house in Worli, the founder of Yes Bank founder Rana Kapoor, on Friday. According to sources, he was questioned in connection with the DHFL money laundering case.

ED has taken action in the wake of Finance Minister Nirmala Sitharaman's claim that the central government has decided to restructure the management of the bank due to the mismanagement of the top executives of Yes Bank's management. Meanwhile, the ED has arrested DHFL's Kapil Dhawan for money laundering charges.

The bank failed because of Yes Bank's policy of saying 'Yes'

Yes Bank was known as an aggressive private bank. Yes Bank financed some of the biggest losers in corporate history in the name of technology and fast growth. Loans on Yes Bank loans are increasing, bank losses are increasing and credit rating is deteriorating as the bank's financial position is constantly deteriorating.

Who is this name?

IL&FS: Various cases are currently pending against this infrastructure company that failed to pay its debt in 2018. In association with the credit rating agency, the board members and senior officials of this company have identified the finances.

Dewan Housing: At one time the leading housing lending company in the country is now closed. It is alleged that the directors of this company have taken out loans to their private companies. The Reserve Bank has dismissed the board and filed a petition with the National Company Law Tribunal.

Caucus & Kings: The company, which operates travel and travel packages, is currently closed.

CG Power: This company of Thapar group is alleged to have obtained loan without guarantee from the board. The company is also under investigation.

Café Coffee Day: The promoter of this company, who leads the country towards coffee culture, committed suicide last year. There is huge debt on the company.

Altico: The real estate sector also failed to repay its debt.

Reliance Infra: Anil Ambani Group, which announced that it has become a billionaire, has huge debt over the company. Efforts are being made to sell the property but it has not been successful. In addition, there is a huge debt on each of the companies in the Anil Ambani group which is not recovering.

Did the Adani group realize that Yes Bank was in control?

Chautauf Yas Bank's volatile situation is being discussed, with the Reserve Bank of India restraining it on Thursday.

However, the issue has now taken a new turn and the whole thing is smelling big heads knowing. Did Adani already know that the Central Bank would take control of the Yes Bank? The answer is yes. This is because Adani gas company Adani Group urged customers not to pay the bill through Yes Bank.

"We have discontinued our connection with Yes Bank, so from now on, customers are requested not to drop the bill check, Yes Bank in the drop box," Adani told his customers through an SMS. Made on 25 February.

Adani launched her bank account on February 25, ie, 10 days before the Reserve Bank's restrictions came on Yes Bank! It is likely that Adani was also aware that the Reserve Bank would impose a withdrawal limit on deposits in the account.

Deposits in any type of account are considered as deposits for the bank and the withdrawal limit of Rs.50,000 applies. Therefore, if customers submit their bills to Yes Bank, it could also have an impact on Adani Gas's cash transaction, so it is unlikely that Adani closed this bank facility.

The value of Tier 1 bond worth Rs 8000 crore will be reduced to zero

Yes Bank has thus raised Rs 8,000 crore bonds and raised capital. Investors in this bond will no longer receive a penny (ie after the scheme is implemented). Interest on the terms and conditions thereof. This can be one of the biggest problems.

Bond rules may include such a condition, but mutual funds and other investors will have to invest this amount. His Rs.8000 crore will be cleared. Of the 32 schemes, mutual funds have invested Rs 2,848 crore in Yes Bank bonds.

No information on how much Tier 1 and how much Tier 2 is available in this amount. According to the Reserve Bank's scheme, the tire to bond obligation will be fulfilled in the future, so it is not worried.

Lord Jagannath also got Rs. 545 crores salvaged

Demands of devotees to intercede with PM Modi, Finance Minister Sitharaman, Chief Minister Patnaik

Bhubaneswar, Ta. March 6, 2020, Friday

The Reserve Bank of India has allocated Rs. Panic is spreading among those who set the limit of 50,000. While people are worrying about their finances in the bank account, Mahaprabhu Shri Jagannathji is also concerned about the security of his money in the bank. It has been revealed that Rs. 545 crore has been deposited in Yes Bank by Lord Jagannathji.

Purana and worshipers of Purna Jagannath Temple are worried about how to withdraw such a large amount of money from the bank after RBI restrictions. The devotees have interfered with Chief Minister Naveen Patnaik in this regard and discussed with RBI, Finance Minister Sitharaman, Prime Minister Modi and demanded to raise Rs 545 crore from Lord Jagannath.

With this amount of Mahaprabhu, the temple is run and everyone gets paid from the official to the employee. Just over a fortnight ago, a meeting of the temple management committee had taken place on the bank of Yas Bank.

The Steering Committee raised the issue of stopping the payments in private banks by ignoring the national banks. The Steering Committee had alleged that earlier Lord Jagannath's funds were deposited in the national banks, but for inaccessible reasons, money was deposited in Yes Bank.