Yes Bank Update- Know About 3 Years Lock-in
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Yes Bank Update- Know About 3 Years Lock-in

Yes Bank investors are now facing a three-year lock-in period. What’s going on? When a new animal is brought to a zoo, it has to stay there for a certain period. Whether the animal is uncomfortable or it’s enjoying its stay there, it doesn’t have an option to exit. We had never thought that this phenomenon could be applied to human beings as well. But, this has been imposed upon a group of investors who have now been virtually locked down with their investment and won’t be able to exit for next three years. We’re talking about those who have invested in Yes Bank. The rescue plan for the reconstruction of ailing Yes Bank has been introduced with a twist. A three-year minimum lock-in period has been imposed on the shareholders who hold more than 100 shares of Yes Bank (to an extent of 75 percent of their holdings).

Continue Reading about 6 months ago
Ketan parekh scam: All that you must know
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Ketan parekh scam: All that you must know

The share market has been a is a wish-granting factory to many. For others, it is nothing more than just a terrible nightmare. Warren Buffett became the world’s third-richest person just by investing in share markets. But one cannot forget the stories where investors went bankrupt overnight. Share market is more than just a game of simple luck. But there are also times where people go beyond the rules and regulations to manipulate the market and pocket crores. SEBI, which is the watchdog of the share market, is keenly following the activities of the market in order to protect the investor’s interest. Despite that frauds and scams have become inevitable. 

Continue Reading about 6 months ago
All About the Yes Bank Crash
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All About the Yes Bank Crash

Yes Bank is in doldrums. But, how has it managed to do this? Read and find out below. Imagine you visit a fight club and see that two fighters are ready for a bout.

Continue Reading about 6 months ago
Unfolding the Harshad Mehta Scam
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Unfolding the Harshad Mehta Scam

Gaurav was a self-made man. His rags to riches story made him an influential person. Using his good reputation, he started taking loans from his friends using made up collateral and gambled it.

Continue Reading about 7 months ago
What is the Recent Jagdish Khattar Case About?
Economy

What is the Recent Jagdish Khattar Case About?

Maruti Suzuki India Ltd has been winning its consumer’s hearts since its inception. However, the former Maruti top executive has definitely disassociated himself with the company’s values by indulging himself in unscrupulous behavior.

Continue Reading about 8 months ago
PNB Files Loan Fraud case against Jagdish Khattar
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PNB Files Loan Fraud case against Jagdish Khattar's Carnation

It's third fraud in a row for PNB! What is it? And, How did it happen?

Continue Reading about 9 months ago
What Happened with Lakshmi Vilas Bank?
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What Happened with Lakshmi Vilas Bank?

"Facts are threatening to those invested in fraud." This is what can be seen in the Lakshmi Vilas Bank fraud case. After PMC Bank; it's time for Lakshmi Vilas Bank to prove itself.

Continue Reading about 11 months ago
What happened with the PMC Bank?
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What happened with the PMC Bank?

It was a shocker in the morning of  24th of September,2019 that 'Punjab & Maharashtra Cooperative Bank' has been taken over by the Reserve Bank of India. Its customers are allowed to withdraw only ₹1000. This news spread like a wild-fire, and the customers ran to the bank in the act of panic. Police were deployed at the bank to maintain the order. Still, 131 branches are under a lot of pressure from people. There are footages on news channels on how people fear their savings stalled with the bank. For some others, it is 'Demonetization 2.0.'

Continue Reading about 1 years ago
Altico and DHFL in Debt Trap
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Altico and DHFL in Debt Trap

It looks like the NBFC crisis is looming on the significant financiers in the market. The crisis is creating a domino effect on the economy as a whole. The entire economy is facing a liquidity crunch, and the NBFCs are no different. The recent downgrades by rating agencies in NBFCs, housing finance companies, and infrastructure projects speak a lot about the problems caused by the crisis.

Continue Reading about 1 years ago
Impact of IL&FS crisis on Indian Economy
Entrepreneurship

Impact of IL&FS crisis on Indian Economy

It was dark September for India’s financial market when debt repayment defaults by Mumbai-headquartered Infrastructure Leasing & Financial Services Limited (IL&FS) on inter-corporate deposits and commercial papers worth Rs 4.5 billion came into light. There was a fear that all housing finance companies would get resultant liquidity crunch effect and Lehman Brothers- like condition will come back.

Continue Reading about 1 years ago