Private sector banks, especially the smaller ones, are likely to face the heat of the Yes Bank collapse, as funds will be hard to come by in the wake of the trust deficit — the most important component of the financial system.
According to top executives from five different fund houses, many big-ticket investors have become averse to parking their monies with private banks after the collapse of Yes Bank. As of date, at least three private sector lenders are actively in search of funds to buffer up their capital base — which has been depleted due to stress in their loan-books.
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Reliance Anil Ambani Group: Rs 12,800 crore
Essel Group: Rs 8.400 crore
DHFL Group: Rs 4,735 crore
IL&FS: Rs 2,500 crore
Jet Air: Rs 1,100 crore
Cox & Kings, Go Travel: Rs1,000 crore
B M Khaitan Group: Rs 1,250 crore
Omkar Realtors: Rs 2,710 crore
Radius Developers: Rs 1,200 crore
C G Power Thapar Group: Rs 500 crore
Good morning readers and welcome to our live coverage of Yes Bank crisis. Stay tuned for live updates.
YES Bank valuation, as of date, stands at a negative Rs 4,600 crore -- a precariously dangerous situation for a bank.
After infusion, the net worth is likely to go up to Rs 16,800 crore
"Inward IMPS/NEFT services have now been enabled. You can make payments towards YES BANK Credit Card dues and loan obligations from other bank accounts. Thank you for your co-operation," said Yes Bank on Twitter.