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The ckg group and its promoter came under the ed scanner when the agency started investigating the books of yes bank and its top borrowers.
Business standard article on yes bank. During the probe the ed came across lenders enquiry against the tour firm and found that in october 2018 a year before it went bust ckl sold its education tour business in europe for 467 million pounds rs 4 387 crore with the stated aim of reducing debt and maximising shareholder returns. The revision in the ratings factors in the improvement in the credit profile of the bank post the implementation of the reconstruction scheme the rating agency said. Will add 12 india stocks to its standard index and remove two as part of the semi annual review of the world s largest index compiler.
Read more about yes bank hits 5 upper circuit as care upgrades debt instrument rating on business standard. Yes bank becomes first lender to use new swap rules business standard 17th september. Read more about trent gains 12 yes bank up 5 on msci india index inclusion from december on business standard.
The scam started between april and june 2018 when the yes bank invested rs 3 700 crore in short term debentures of the scam hit dhfl the cbi has alleged. Read more about yes bank ttml suzlon among 282 stocks that hit upper circuit on bse on business standard. About yes bank yes bank is a full service commercial bank providing a complete range of products services and technology driven digital offerings catering to retail msme as well as corporate clients.
The money meant for mach star was allegedly transferred to the accounts of hdil group companies to repay loans taken by the promoters. Indo count industries himatsingka seide ramco systems and godawari power ispat are among notable stocks too seen only buyers on these counters. The cbi alleged that the loans from yes bank to the jv were not authorised by the majority shareholder.
Read more about yes bank takes on lease 62 500 sq ft office space in noida from max group on business standard.
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