Earlier this week, the Reserve Bank of India (RBI) appointed former Deputy Governor R Gandhi as an additional director to the board of Yes Bank.

The appointment, which is for a period of two years or till further orders, is in line with the banking regulator's increased scrutiny of private banks in recent times

Share Market Updates: Shedding gains of the trading session Wednesday, benchmark indices closed in the red. Other major indices gave up all intraday gains to turn negative in trade as well.

Why you should be very worried.

NBFC crisis and indiscriminate borrowing to beef up its subsidiaries is at the root of Reliance Capital's crisis.

The country's financial system has been grappling with multiple woes in the wake of the turmoil at diversified IL&FS group as well as debt defaults by some other large entities.

ICRA is looking into matters of debt rating the agency assigned to a client and its subsidiaries, the company said in its earnings statement, without naming the client.

On Friday, Delhi CEO Ranbir Singh had said that political campaigning in the city, in the field or on social media, is supposed to end once the silence period begins

The weather department also predicted that during the next 24 hours, heat wave conditions are likely to prevail over parts of Chhattisgarh, Vidarbha and Telangana

Role of some rating agencies, including ICRA, is also being looked into for possible lapses on their part as mutual funds have had a huge exposure to various debt securities of IL&FS.

In the last seven sessions, Yes Bank shares have plummeted nearly 34 per cent from the level of Rs 237 touched on April 26, following weak March quarter results which led to a series of downgrades by brokerages

 Indian equity market extended losses for the seventh consecutive session on Thursday led by decline in Power, Pharma, Energy indices. Escalated trade tensions between China and the US also prompted investors to remain cautious throughout the trading session.

Icra downgraded the ratings on its six instruments totalling borrowings over Rs 33,000 crore by the lender

The higher realisation in the current fiscal will be driven by the expected conclusion of CIRP of two large accounts - Essar Steel Limited and Bhushan Steel and Power Limited

The shares have been acquired on \"invocation of pledge subsequent to default/breach of terms of loan to Oyster Buildwell Private Limited\"