Enforcement officers are investigating the bank’s founder Rana Kapoor for smuggling money and transferring illegal money to Yes Bank.
Yes Bank is currently in a serious financial crisis. It desperately tried to bring its financial capital to the limits set by the RBI. In November last year, the bank’s board of directors approved raising Rs 14,000 crore to raise capital. However, the target was reduced to Rs 10,000 crore due to lack of investment.
For IL and FS only, AATP Group of Companies, Cox & Kings, CG Power, DHFL, Acer Shipping, Macleod Russell Yes, the bank 5,266 crore more than Rs. Some of these companies are in bankruptcy. Thus, the warlock debt of Yes Bank has risen drastically.
Yes, the debt burden of Yes Bank is Rs 14,700 crore. This is 54.5% of the bank’s asset value. The Reserve Bank and the Ministry of Finance are taking various steps to protect Yes Bank.
Accordingly, customers can make a maximum payment of up to Tk 50,000 from the bank. S Bank has announced that it will remain with the Reserve Bank of India from March to April 7. SBI has decided to buy 8 per cent stake in Yes Bank.
Various fraud investigations have begun on Yase Bank founder Rana Kapoor. Enforcement officers who raided his home and office have taken him to their office today and are investigating.
They are being investigated for money laundering and illegal money laundering at Yes Bank.