YES BANK CASH WITHDRAWAL
Madhu Kapur, family withdraw case against Yes Bank
Yes Bank on Tuesday said that Madhu Kapur, wife of the bank's late co-founder Ashok Kapur, and her family have withdrawn a case filed against it in 2013. The case was filed by Kapur when the family was locked in a pitched battle with the bank, then headed by Rana Kapoor who was subsequently dismissed by RBI in 2018.
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Trending stocks: YES Bank shares up over 2% after Madhu Kapur's family withdraws case against bank
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Officials are understood to have broached the subject at a recent meeting with regulators.
YES Bank debit card holders can withdraw cash from ATMs
The central bank on Thursday imposed a moratorium on Yes Bank that capped deposit withhdrawals at Rs. 50,000 per person. It relaxed the limit for emergencies like medical needs, payment for higher education, or marriage expenses. That is set at Rs. 5 lakh. Kumar assuaged deposit holder worries and said that there monies were safe.
Yes Bank depositors rush to ATMs but most unable to withdraw cash
Aggravating the problems of depositors were difficulties accessing the internet banking channel, which ensured that they can't transfer the funds online as well. The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender.
Did depositors second-guess Yes Bank's fate? Here's a tale from last year
YES, one of India's largest private lenders, was recently put under moratorium by the RBI in the wake rising bad loans and "serious governance lapses". On Friday, the Reserve Bank of India unveiled a revival scheme, saying that the State Bank of India could acquire a 49 per cent equity stake in the private sector lender.
Yes Bank, Affordplan launch co-branded cashless card for heathcare needs
In addition, Yes Bank's wallet has also been integrated on Affordplan Swasth to enable wallet QR scan for making payments to merchant partners empaneled on the app. People will be able to get a goal-based savings projection chart for medical treatment based on treatment input, access healthcare services and treatments at a discounted price.
HC queries Centre, RBI on different treatment to PMC Bank depositors vis-a-vis Yes Bank
The court noted that as per a March notification issued by the Centre, the RBI as well as the central government had a crucial role to play in the decision taken to permit, firstly, the Yes Bank Limited Reconstruction Scheme 2020 being brought into play and, secondly, to have it funded.
Empays Payment Systems partners Mastercard to enable contact-free ATM cash withdrawals
With this partnership, Empays will upgrade the basic technology behind the IMT Payment System to incorporate the requirements of Mastercard Cardless ATM enabling a true EMV-capable cash withdrawal transaction.
RBI withdraws moratorium on Yes Bank, banking services restored
On March 5, the RBI had imposed a moratorium on the lender restricting withdrawals at Rs 50,000.
Yes Bank customers scramble for cash withdrawal at branches, most ATMs run dry
A Delhi-based customer said he was able to withdraw limited cash of about Rs 3,000-4000 only from an ATM.
ICICI Bank introduces cardless cash withdrawal facility through ATMs
The service can be used for self-withdrawal when customers do not wish to carry the debit card. The daily transaction limit as well as per transaction limit is set at Rs 20,000
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