Rbi resolution plan for yesbank

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.

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

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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

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Deal Cadet
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Investigator wrote:

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

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
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Sushrut.B wrote:

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…

Yes they r idiots.. Bhai koi reason toh Hoga ki itni badi bank fund jutane ke liye itna struggle Kar rahi thi Sur inhe koi newashek Nahi mila.. aur sbi ne isse sirf Sarkar ke kahne pe kharida hai.. warns aaj iss bank ki koi value Nahi hai

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Investigator wrote:

Yes they r idiots.. Bhai koi reason toh Hoga ki itni badi bank fund jutane ke liye itna struggle Kar rahi thi Sur inhe koi newashek Nahi mila.. aur sbi ne isse sirf Sarkar ke kahne pe kharida hai.. warns aaj iss bank ki koi value Nahi hai

Not correct, even if Yes bank has no value it is still worth investing 10k because its collapse will send a big shock to Indian economy which will cost much more than 10k so you can consider it as kind of negative worth(you spend 10k now to save a future loss of 100k). Also sbi has no interest in returning Yes bank to its former glory(as some retail investors are hoping) & instead they will focus on recovering at least 10-15k cr from yes bank npa to recover their cost of this investment & once recovered they will either sell yes bank to another investor or leave it running as some small bank like Dhanlaxmi Bank.

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Entertainer
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Investigator wrote:

Yes they r idiots.. Bhai koi reason toh Hoga ki itni badi bank fund jutane ke liye itna struggle Kar rahi thi Sur inhe koi newashek Nahi mila.. aur sbi ne isse sirf Sarkar ke kahne pe kharida hai.. warns aaj iss bank ki koi value Nahi hai

Agreee aur sarkaaar to humari aise aise kadam uthaaa rhi hai ki sarkari company ko kaise bechaaa jaaye,isi list mai Sbi ko shamil krna chah rhe they yeh log lakin,wo ho nhi rha tha,to sarkaar ne yeh nayi chaal chali , ab bachaaa ke dikhao SBI Ko koi rage

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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

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Budding Star
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Sushrut.B wrote:

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…

10 saal pahle kisne socha tha BSNL dub sakata hai…par dub gayi naa.

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Blogger
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Investigator wrote:

10 saal pahle kisne socha tha BSNL dub sakata hai…par dub gayi naa.

Was it in 2009 or 2010 BSNL had some 5k crores profit? After that only down hill. stuck_out_tongue

But if SBI goes down then its more like everyone of us are screwed. Most of the economy will come to a stand still, so the govt would never let it happen. Govt will keep pumping public money to keep it afloat. SBI HDFC and ICICI will never be let to fail.

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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...

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Investigator wrote:

10 saal pahle kisne socha tha BSNL dub sakata hai…par dub gayi naa.

I always believed in inevitable doom of bsnl & air india along with many others who know how economy & market competition works in fields of telecom & aviation sector. stuck_out_tongue

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Tech Guru
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asen wrote:

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...

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

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Tech Guru
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Modis friend BJP MP Zee news Subash Chandra is biggest beneficiary of this scam,

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Critic
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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.

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Critic
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panchabhut wrote:

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.

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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Deal Cadet
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panchabhut wrote:

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.

Adani group & Vedanta not yes bank defaulters.

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Deal Subedar
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panchabhut wrote:

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.

Any reference or link needs to be provided before blaming anyone

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Deal Subedar
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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

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Critic
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OnlineLootera wrote:

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

All facts & as for the real story,nobody knows(at least not the general public):
https://www.businesstoday.in/current/economy-po...

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