The solution for YES Bank Crisis.
The unjustifiable delay: After being sluggish in identifying governance faultlines among IL&FS, DHFL, and now Yes Bank, RBI was slow to act. Yes Bank Crisis – The Big Picture – RSTV IAS UPSC. Yes Bank Crisis SBI should take over the loan book of YES Bank, recover the loans, and return the depositors money. ; BOND PRICES OF YES BANK. Yes Bank Crisis (Hindi) Context: One of the major private player Yes Bank (India’s fifth largest private sector bank) has also come under the RBI action for mounting … Continue reading “Insights into Editorial: Banking on bailouts: On Yes Bank crisis” (Express photo/Javed Raja) On March 5, the Reserve Bank of India announced that it was superseding the Yes Bank Board of Directors for a period of 30 days “owing to serious deterioration in the financial position of the Bank”. RBI’s actions to prevent YES Bank crisis to escalate underlines key problems in the Indian banking system. or As on March 31, 2014, the bank’s loan book was ₹55,633 crore and deposits were ₹74,192 crore. This is very relevant for all the upcoming exams of UPSC and State PCS. Over 500,000 candidates apply each year and compete for less than a thousand seats. On March 5, 2020, the Reserve Bank of India imposed a moratorium on Yes Bank and capped withdrawals at Rs 50,000. ; Founded by Rana Kapoor and Ashok Kapur in 2004.; It primarily operates as a corporate bank, with retail banking and also asset management as subsidiary functions.
The UPSC exam is generally considered the hardest in the world. Log In. By Suvashree Ghosh A 78 per cent drop in Yes Bank shares since August has left founder and former chief executive officer Rana Kapoor some $1 billion poorer. Topic: General Studies 3: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Book a demo session for FREE with one of the mentors and understand how UPSC Pathshala will help you secure the best results. Yes Bank Crisis - Daily Current Affair Article for UPSC, IAS, Civil Services and State PCS Examinations Context:- Yes Bank, India’s fifth largest private sector lender, is in the middle of a crisis as the Reserve Bank of India (RBI) has taken over its affairs and placed strict limits on its operations. Story so far: The government has put private sector lender Yes Bank under moratorium till April 3rd 2020 and capped deposit withdrawal at ₹50,000/month; Subsequently, the RBI superseded the Yes Banks board and appointed Prashant Kumar (Dy. Yes Bank Crisis. The Indian lender, which late Wednesday reported earnings that showed its capital buffers had weakened and bad loan ratio widened, plunged as much as 20 per cent on Thursday.
On March 5, 2020, the Reserve Bank of India imposed a moratorium on Yes Bank and capped withdrawals at Rs 50,000. Yes Bank crisis: What you can do if you are a depositor or investor. Published on March 24, 2020, 3:37 p.m. RSTV Video. Get a Free Demo Download …
Firstly, several borrowers of the bank defaulted their payment, and secondly, the … RBI’s decision came in the wake of the private sector bank’s inability to control mounting non performing assets. See more of IAS Express - UPSC Civil Services Preparation on Facebook. The reason behind Yes Bank crisis and what RBI is doing Yes Bank has struggled to raise capital it needs to stay above regulatory requirements as it battles high levels of bad loans. Now Banking Crisis in India is a hot topic as you know many business men looted bank and escaped to foreign countries. This article explains the whole Yes Bank crisis and Government plan for its reconstruction. Yes Bank has come under serious liquidity crisis, majorly because of two things happening simultaneously.
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