Yes Bank

Yes Bank has acquired 44.53 crore equity shares each having a nominal value of one rupee and constituting 24.19 per cent of Dish TV India Ltd's post-issue paid-up share capital as on March 31.

Yes Bank was down by 13.65 per cent, a day after resuming complete services which were stopped as the Reserve Bank of India placed it under moratorium earlier this month.

At the same press meet, State Bank of India (SBI) chairman Rajnish Kumar said that the lender is free to sell shares but assured that not one share will be sold in the next three years.

Prashant Kumar said there is no need to worry about deposits. "Complete normalcy will be restored. All branches and employees are ready.

The Union Cabinet on Friday approved reconstruction scheme for private sector lender Yes Bank as proposed by the RBI.

On Thursday, the SBI said that it would invest Rs 7,250 crore in Yes Bank, which is much higher than Rs 2,450 crore it had planned initially for 49 per cent stake in India's fourth-largest private sector bank.

Among stocks, IndusInd Bank was the top loser after dropping by 18.3 per cent at Rs 656.25 per share. ICICI Bank and Axis Bank lost by 10.3 per cent and 10.1 per cent respectively.

In a statement issued last week, the Reliance Group had denied any links with Kapoor, his family or entities controlled by them.

Meanwhile, global stock markets were roiled after the Federal Reserve slashed interest rates in an emergency move to cushioning the economic impact of coronavirus.

Yes Bank generated a loss of Rs 486 crore on a total income of Rs 17,421 crore for H1 FY20. The results for Q3FY20 have not yet been released. Earlier, the Reserve Bank of India (RBI) had placed in the public domain a draft scheme of reconstruction for Yes Bank on March 6.