Rbi resolution plan for yesbank

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Deal Subedar
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RBI announces revival scheme for Yes Bank : 10 Key points are :-

1) Authorised capital shall stand altered to ₹5,000 crore and number of equity shares will stand altered to ₹2400 crore of ₹2 each.

2) The investor bank shall agree to invest in the equity of reconstructed Yes Bank to the extent that post infusion it holds 49% shareholding in the reconstructed bank at a price not less than₹10 (face value of ₹2) and premium of ₹8.

3) The investor bank shall not reduce its holding below 26% before completion of three years from the date of infusion of the capital into Yes Bank.

4) From the appointed date, the office of the administrator of Yes Bank, appointed by the Reserve Bank, shall stand vacated, and a new board will be constituted.

5) The investor bank shall have two nominee directors appointed on the board of the reconstructed Yes Bank.

6) RBI may appoint additional directors on the board of Yes Bank. It will be open to the board of directors of Yes Bank to co-opt more directors.

7) All the employees of reconstructed Yes Bank shall continue in its service with the same remuneration and on the same terms and conditions of service (T&C), including terms of determination of service and retirement, as were applicable to such employees immediately before the appointed date, at least for a period of one year.

8) The board of directors of reconstructed Yes Bank will however, have the freedom to discontinue the services of the key managerial personnel (KMPs) at any point of time after following due procedure.

9) The offices and branches of reconstructed Yes Bank bank shall continue to function in the same manner and at the same places they were functioning prior to the effective date, without in any way being affected by this scheme.

10) RBI said it will be open to the reconstructed Yes Bank to open new offices and branches or close down existing offices or branches, in accordance with the extant policy of the central bank.

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Budding Star Budding Star
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Yeh resolution plan yes bank ko bachane Ka Nahi ..sbi ko dubane Ka hai

Helpful Helpful
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SBI dub nhi sakta, itna bada bank hain…Ha kuch damage toh bilkul hoga par agar SBI iss mein dub jaata toh SBI iss 49% stake kharidne mein kabhi bhi raazi nhi hota…They are not idiots…

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Budding Star Budding Star
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Yes bank Ka moratorium khatm Hoga muze Nahi lagata.. kyuki yes bank ki loan npa already high hai.. bank ki value already zero ho gayi hai.. anyway let’s hope for the best.. but jab BHI yes bank Ka moratorium period khatm ho Jayega Apne pure paise nikal Lena.. kyuki iss bank ka Kabhi BHI Kuch BHI ho Sakta hai.. jab yes bank ko bachane ke liye koi aage Nahi aa Raha tha tabhi customer ne Apne paise nikal Lene Chahiye the.. hame toh 3-4 month pahale hi pata lag Gaya tha ye bank dub Sakti hai

Deal Lieutenant Deal Lieutenant
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I have bill of 9k of my yes cc how can I pay that ?
Trancation stop by yes bank of every one

Deal Cadet Deal Cadet
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Yes Bank scam: Rana Kapoor bought Priyanka Gandhi’s painting for Rs 2 crore

The Income Tax Department is investigating whether there is a link between Yes Bank founder Rana Kapoor and Congress’ Priyanka Gandhi. Sources indicate that Rana Kapoor has close links with the Gandhis. Rana Kapoor had allegedly bought a painting by Priyanka Gandhi for a whooping Rs 2 crore. Earlier, Rana Kapoor was questioned for almost 30 hours by the enforcement directorate and was later arrested by ED in a money laundering case related with Dewan Housing Finance Corporation Ltd (DHFL).

https://timesofindia.indiatimes.com/videos/news...

Community Angel Community Angel
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https://cdn0.desidime.com/attachments/photos/607519/medium/6546407ESfH1WwUUAAvz_Q.jpg?1583661795 https://cdn0.desidime.com/attachments/photos/607520/medium/6546408EShdMV0UwAAv9Ur.jpg?1583661936
Deal Subedar Deal Subedar
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10,000 crores wont be sufficient to save Yes Bank

Community Angel Community Angel
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Modis friend BJP MP Zee news Subash Chandra is biggest beneficiary of this scam,

Benevolent Benevolent
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Wilful defaulters list of Yes bank
Adani Group – 14.730 Cr
Reliance ADAG Group – 14,330 Cr
Vedanta Group – 11,000 Cr
Essel (Subhash Chandra) Group – 3,000 Cr.
One is a BJP MP while other 3 are part of the team that accompany the PM on any foreign trip. If Yes bank goes for liquidation, their properties would have to be seized. The resolution plan is to save these people and not to save Yes Bank or the depositors.
Now as usual attempt is being made to link it to Congress and fool people. The whole drama with ED is to get Rana Kapoor to sign some document that can be linked to some Gandhi family member.

Critic Critic
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Depositors will be saved(even if it means tax payers money), survival of Yes bank was never a priority. Even if it survives as a shadow of its former self or eventually merged that is all fine as long as depositors get their money back.

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Entertainer Entertainer
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Can anyone actually share the whole story of this yes bank crisis or some link? Haven’t really followed it and I have an interview tommorow :p
Don’t be biased wink

replyuser
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