CBI books two Delhi-based companies, others for causing alleged loss to Yes Bank ANI | Updated: Jun 09, 2021 20:16 IST
New Delhi [India], June 9 (ANI): The Central Bureau of Investigation (CBI) on Wednesday registered a case against two Delhi-based private companies and others, including directors and promoters of the companies, for allegedly causing a loss of Rs 466.51 crore to Yes Bank in 2017-19. A case against two private companies based at Gurugram/Delhi and others including its directors/promoters and unknown persons of private companies/bank officials for causing an alleged loss of Rs. 466.51 crore (approx) to Yes Bank has been registered, CBI said.
NEW DELHI: The CBI has filed an FIR against industrialist Gautam Thapar, promoter of the Avantha Group, and several others in connection with an alleged bank fraud case of Rs 466 crore. Thapar and others have been accused of defrauding Yes Bank by availing a loan which turned into a non-performing asset (NPA).
The agency confirmed that searches were conducted at 14 locations in Delhi and NCR, Lucknow, Secunderabd and Kolkata on Wednesday which led to recovery of incriminating documents and digital evidence.
The action by the bank and the anti graft agency comes promptly in just over a year of the loan turning an NPA and the account being flagged by the lender.
Market regulator Security Exchange Board of India (SEBI) has imposed a penalty of Rs 25 crore on Yes Bank for allegedly mis-selling its AT-1 bonds. The private lender said that it will move the Securities Appellate Tribunal against the SEBI s order.
Firms/companies > R > Reliance Industries
Reliance Infra sells its Mumbai headquarters to Yes Bank for Rs1,200 cr in debt redumption
05 April 2021
The Anil Ambani-led Reliance Infrastructure has sold Reliance Centre, the premises housing the group’s headquarters, to Yes Bank for Rs1,200 crore as part of a debt repayment process.
Reliance Infrastructure Limited (RInfra) and Yes Bank Limited (Yes Bank) on Thursday announced the sale transaction of Reliance Centre, Santacruz, Mumbai to Yes Bank. The transaction value is Rs 1,200 crore, Reliance said in a stock exchange filing.
“Entire proceeds from the sale of Reliance Centre, Santacruz, is utilized only to repay the debt of Yes Bank”, as per the stock exchange filing.
Risk of a sharp fall in Indian banks’ asset quality has receded: Moody s
The banking system is shifting faster than ever before to an online-centric mode, making access to local bank branches less consequential and the ability to switch banks far easierPremium
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The Indian government s support measures for bank borrowers have softened growth in non-performing loans (NPLs), averting the risk of a sharp deterioration in asset quality, according to Moody s Investors Service in a new report. Ample domestic liquidity, loose monetary policy, moratoriums on loan repayments and government-guaranteed loans to small businesses have supported Indian banks asset quality. As a result, restructured loans have not increased as much as we expected at the onset of the pandemic, says Alka Anbarasu, a Moody s Vice President and Senior Credit Officer.