All posts tagged: Yes Bank

HC orders Yes Bank to restore API services to WazirX

HC orders Yes Bank to restore API services to WazirX

Published by Parlour News

MUMBAI: The Bombay High Court on Wednesday granted interim relief to cryptocurrency exchange WazirX, ordering Yes Bank to restore its application programming interface (API) facility and banking services within three days. FILE PHOTO: A security guard stands outside a Yes Bank branch at its headquarters in Mumbai, India January 17, 2018. Picture taken January 17, 2018. REUTERS/Danish Siddiqui/File Photo (REUTERS) A vacation bench of justices Gautam Ankhad and Sandesh D Patil observed that denying the crypto platform access to banking facilities severely affects its functioning. Zanmai Labs Pvt Ltd, which operates WazirX, had approached the high court, challenging Yes Bank’s abrupt discontinuation of its API services on April 21. Senior advocate Mustafa Doctor, representing WazirX, informed the bench that the crypto platform processes large volumes of financial transactions through the bank’s API services in the ordinary course of its business. API services enable seamless fund transfers and settlements between the platform and its customers, it said. According to the petition, Yes Bank sent WazirX an email on March 24 stating that its API facility would …

Four banks move CIC against RBI nod to disclose NPAs, defaulters’ list under RTI

Four banks move CIC against RBI nod to disclose NPAs, defaulters’ list under RTI

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Four major banks including RBL Bank, have approached the Central Information Commission (CIC) objecting to the disclosure of information such as the list of defaulters and non-performing assets, penalties and inspection reports even as the Reserve Bank of India (RBI) termed the records “liable to be disclosed” under the Right to Information (RTI) Act. | Photo Credit: Reuters Four major banks — Bank of Baroda, RBL Bank, Yes Bank and State Bank of India — have approached the CIC objecting to the disclosure of information such as the list of defaulters and NPA, penalties and inspection reports, even as the RBI termed the records “liable to be disclosed” under the RTI Act. RTI applicants Dheeraj Mishra, Vathiraj, Girish Mittal and Radha Raman Tiwari had filed separate applications with the RBI, seeking information, such as the top 100 NPAs, willful defaulters of Yes Bank, the inspection report of the SBI and RBL, and documents relating to a ₹4.34 crore monetary penalty imposed following statutory inspection findings from the Bank of Baroda, respectively, among others. These banks …

Japan’s MUFG Bank to invest Rs 39,000 crore in Shriram Finance for 20% stake | Business News

Japan’s MUFG Bank to invest Rs 39,000 crore in Shriram Finance for 20% stake | Business News

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In the single largest foreign direct investment (FDI) into an Indian financial services company, the board of Shriram Finance Ltd (SFL) has approved a proposal to raise Rs 39,618 crore ($4.4 billion) from Japan’s MUFG Bank Ltd through a preferential allotment of equity shares. This will give the Japanese lender a 20 per cent stake in SFL on a fully diluted basis. The transaction gives MUFG Bank, Japan’s largest bank, a strong foothold in the retail financial services in the country. Shriram Finance, which has a market capitalisation of Rs 1.69 lakh crore, reported a net profit of Rs 9,761 crore for FY25. This is the biggest investment by a Japanese bank in India after SMBC, part of the Sumitomo Mitsui Financial Group (SMFG), acquired a 20 per cent stake in Yes Bank for about Rs 13,483 crore (around $1.6 billion) in April 2024. The investment allows SMBC to raise its holding to 24.99 per cent without being classified as a promoter. With domestic growth constrained by prolonged low interest rates and an ageing population, …

Lack of evidence: CBI court drops charges against key accused in Yes Bank-DHFL fraud case | Mumbai news

Lack of evidence: CBI court drops charges against key accused in Yes Bank-DHFL fraud case | Mumbai news

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Mar 16, 2025 05:58 AM IST The court dismissed allegations that Balwa and Goenka misused a ₹350 crore loan from Yes Bank between 2013 and 2016, as the charge sheet itself acknowledged a one-time settlement and repayment of the loan MUMBAI: A special court designated under the Central Bureau of Investigation (CBI) court has declined to proceed against stockbroker Sanjay Dangi and real estate developers Shahid Balwa and Vinod Goenka in the Yes Bank-DHFL loan fraud case, citing a lack of evidence. The court also refused to summon six other individuals and firms named as accused in the CBI’s fourth supplementary charge sheet. However, it issued summons to four others, including Summer Buildcorp Pvt Ltd and three individuals—Farid Sama, Rahul Shah, and Ramesh Shah. Lack of evidence: CBI court drops charges against key accused in Yes Bank-DHFL fraud case The CBI’s charge sheet, submitted on March 13, alleged that DHFL received ₹4,733 crore from Yes Bank, of which ₹678 crore was diverted to builder Sanjay Chhabria’s firm, FIIPL. A sum of ₹115 crore was then …

New credit card rules in April 2024 for SBI Card, ICICI Bank, Axis Bank, Yes Bank: Complete details here

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Major credit card issuers announced changes in their credit card rules which could impact customers. Credit card holders of SBI Card, ICICI Bank, Axis Bank, Yes bank will see the following changes which will come into effect in April 2024: These are the new credit card rules in April 2024 for SBI Card, ICICI Bank, Axis Bank, Yes Bank. SBI credit card changes in April: SBI Card announced that accrual of reward points on rent payment transactions will be discontinued for certain credit cards from April 1, 2024. These will include: AURUM, SBI Card Elite, SBI Card Elite Advantage, SBI Card Pulse and SimplyCLICK SBI Card. Additionally, accumulation of reward points on rent payment transactions for certain credit cards will on April 15. Hindustan Times – your fastest source for breaking news! Read now. Yes Bank credit card changes in April: YES Bank credit cards that spend ₹10,000 or more in a calendar quarter will be eligible for complimentary domestic lounge access. ICICI Bank credit card changes in April: As per ICICI Bank website, “Starting …

Amid Tawang Clash, Charges Over Rajiv Gandhi Foundation Getting ‘Rs 1.35Cr from Chinese Embassy’ Resurface and Other Stories

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India’s Tourism Push Near Yangtze, Holy Site for Arunachal and Tibet, Riled Up the Chinese?, SC’s Justice Bela Trivedi Recuses From Hearing Bilkis Bano’s Plea Challenging Release of 11 Convicts and other news in evening digest. Amid Tawang Clash, Charges Over Rajiv Gandhi Foundation Getting ‘Rs 1.35Cr from Chinese Embassy’ Resurface Amid India-China border clash near Arunachal Pradesh’s Tawang sector, allegations over Rajiv Gandhi Foundation (RGF) getting “Rs 1.35 crore from the Chinese Embassy” resurfaced on Tuesday after Union Home Minister Amit Shah slammed the Congress over demanding a discussion in Parliament over the skirmish. READ MORE Border Clash: India’s Tourism Push Near Yangtze, Holy Site for Arunachal and Tibet, Riled Up the Chinese? India’s push for tourism and infrastructure development near Yangtze along the Line of Actual Control in Tawang sector of Arunachal Pradesh may have riled the Chinese resulting in clashes at the sensitive point on December 9, government functionaries told News18 on Tuesday. READ MORE SC’s Justice Bela Trivedi Recuses From Hearing Bilkis Bano’s Plea Challenging Release of 11 Convicts Supreme Court Judge Justice …