yes bank - The Purbottar

24 Jun

Yes bank’s floating rate fixed deposit product

Business Correspondent0 CommentsBusinessfixed deposit product, yes bank

Floating Rate Fixed Deposit has been launched by Yes Bank, which is a novel product offering for all domestic customers. The rate of interest on this fixed deposit (FD) will be linked to the prevailing Repo rate, allowing the customers of the bank to enjoy dynamic returns on their fixed deposits. In order to book this novel floating-rate fixed deposit, customers can give a missed call on 07127191191 or visit the nearest branch of Yes Bank. The floating rate FD can be availed for a tenure of 1 year to less than 3 years, as per the customer’s preference. The…

YES BANK signs MoU with the Govt of Assam

Business Correspondent0 CommentsBusinessMoU, yes bank

YES BANK announced signing a Memorandum of Understanding (MoU) with the Government of Assam for integration in the eGRAS (Government Receipt Accounting System) portal. The MoU was signed by the Director of Directorate of Accounts and Treasuries Assam Shri Balen Chandra Boro, AFS on behalf of Govt representing the Governor of Assam and representatives from YES BANK. The Bank will be authorized to act as an intermediary for facilitating the online collection of Tax and Non-Tax Revenue on behalf of the Government of Assam. Citizens will be able to pay their dues using online banking modes such as Net Banking,…

CBI charges Gautham Thapar with ₹466-cr YES Bank loan fraud

editor0 CommentsNorth Eastavantha group, bank fraud, cbi, yes bank

The Central Bureau of Investigation (CBI) has filed a case against Gautam Thapar, founder of Avantha Group, for allegedly diverting loans worth ₹466.51 crore from Yes Bank. The CBI has also booked Raghubir Kumar Sharma, Rajendra Kumar Mangal, Tapsi Mahajan, their companies Oyster Buildwell Pvt Ltd (OPBL) and officials of Jhabua Power Ltd for allegedly cheating Yes Bank of over ₹466 crore in 2017-19. The CBI has alleged that the accused have indulged in a criminal conspiracy, criminal breach of trust, cheating and forgery for diversion of public money. However, the company became a non-performing asset in 2019 and started…