ASSIGNMENT-1

Yes bank:-
Yes bank turned into founded via Rana Kapoor and Ashok Kapur in 2004 YES
Bank crisis commenced whilst the big NPA trouble became public
 Loans are not repaid are major problem for the bank.
 YES Bank went on a loaning spree with advances growing by using
334% between FY 2014 and 2019 and in 2018 YES Bank reported a
earnings of 1001 crores
 In 2019 gross NPAs of YES Bank became 7. Four% and until the yr end
it turned into 18.87% of the financial institution’s total mortgage e book
and for the quarter finishing December 2019 YES Bank reported loss of
Rs 18,564 crores
 Many borrowers began defaulting YES Bank’s gross non-performing
asset percentage and additionally, after gaining knowledge of about
disaster clients started out taking flight their money from the bank which
leads to credit deposit ratio
 RBI imposed limits on withdrawals to shield depositors
 RBI has later reconstructed the board and named Prashant Kumar, CFO
of SBI, as new MD & CEO of YES financial institution.
 YES bank is owned through nation bank of India who has a 30% stake in
business enterprise.

Reliance Industry:-
RIL is an Indian multinational conglomerate business enterprise founded 1973,
engaged in petroleum, natural sources, retail, telecommunications,
petrochemicals, and textiles
 Market Cap- 6 Lakh crore
 The business enterprise had cash and coins equivalent of Rs 1, seventy-
five,259 crores at the stop of March 2020
 The company’s reserve is invested in banks, mutual budget, company
deposits, authorities bonds, and different marketable securities
 The organization has spent Rs 5532 crore more as finance fees in the
economic yr 2019-20 as compared to the preceding year. Such increase is
due to an account of better loan balances, currency depreciation, and
lower interest capitalization resulting from commissioning of virtual tasks
  RIL has grown to be debt-free by using clearing their large debt of $21
billion-
 By selling stacks in its digital service arms &
 Sold stacks of 24.7% in Jio platform it has raised $15.2 billion
 The right problem of $7 Billion

Kingfisher Airlines:-.
Kingfisher Airlines Limited founded in 2005 turned into an airline organization
based in India has all started its operation with a fleets of four airbus A320
Aircraft and in addition became extra popular among commercial enterprise
magnificence tourists
 In 2008 it has reserves of Rs52.99cr
 In 2009 it became one of these company that held the best proportion in
the aviation enterprise and within the equal yr Kingfisher stated a net loss
of Rs 418.77cr at some point of the second one sector of the fiscal
 By 2012 it become in a debt of over Rs.7000cr and its operations were
given suspended
 Operating prices of the employer raised by using Rs4040.91 crore
 By 2014 they reports a internet loss of Rs822.42cr and CEO of the
business enterprise, SANJAY AGGRAWAL quits
 The CEO of the organization, SANJAY AGGRAWAL quits kingfisher
airways.
 Kingfisher Airline’s license changed into ceased in 2013 Feb

Bhushan Steel:-
Bhushan Steel founded in 1987 is the most important producer of vehicle-grade
metallic in India, engaged in making of Cold rolled ,shade coated tiles, strips,
cord rods and alloy bullets
 Bhushan Power did fraud with Punjab National Bank of Rs 3800cr by
means of manipulating their Books OF Accounts
 Promoters of the 33 different banks and establishments were also worried
on this sports like issuing fraudulent files
 There is transfer of funds borrowed by using the corporation to numerous
associated events through way of loans or advances
 It is a non-performing asset for lenders and is facing insolvency motion.
  The intimation to the RBI follows a forensic audit investigation via the
CBI, which has filed an FIR in opposition to the enterprise and its
directors, alleging diversion of finances around Rs 2,348 crore to more
than 200 shell corporations without any obvious purpose.
PMC Bank: -
PMC Bank changed into conferred with Scheduled Status through the Reserve
Bank of India in the 12 months 2000. It is the Youngest Bank to achieve the
‘Scheduled Bank’ fame and additionally it turned into given the Authorized
Dealer Category I License via the Reserve Bank of India for Forex enterprise
within the year 2011
Its rip-off-
 PMC changed into clean in phrases of NPA along with wholesome
capital backup as CAR of 12.62%
 Around Rs.6500 Crores had been given to HDIL through these 21000
Dummy accounts
 In 2019, RBI found out that PMC disguise 4355 Crores of horrific debt
that turned into given to nearly bankrupt HDIL bank

LEHMAN BROTHERS:-
 Lehman bRothers is Global economic offerings firm had over $50 billion
in loans disguised as sale.
 Scam become essentially achieved with the aid of Lehman executives and
the corporation's auditors, Ernst & Young
 They bought toxic assets to Cayman Island banks with the expertise that
they might be sold lower back sooner or later. Created the impact
Lehman had $50 billion more cash and $50 billion much less in toxic
assets than it truly did
 Company got bankrupted on Sept. 15, 2008, with $639 billion in
belongings and $619 billion in debt and become considered one of the
biggest financial disaster in U.S. Records
Bank of Baroda:-
 Bank noticed some uncommon transactions from its Ashok Vihar branch,
that had received permission to simply accept forex transactions simplest
in 2013
  Within 12 months, forex enterprise of its Delhi's Ashok Vihar branch shot
as much as Rs 21,529cr. It changed into alleged that a whopping Rs 6,172
crore black money turned into remitted from Bank of Baroda to Hong
Kong camouflaged as payments for non-existent imports like cashew,
pulses and rice
 The quantity become allegedly deposited in fifty-nine bills in coins as
improve for imports that by no means existed
 In 2015, CBI and the Enforcement Directorate began investigating the
problem.It is likewise alleged that the amount turned into deposited in 59
accounts of the bank’s Ashok Vihar branch (New Delhi) in coins as
advance for import and the cash was sent to a few pick companies in
Hong Kong
 The branch opened fifty-nine cutting-edge accounts from May 2014 to
June 2015 via which huge foreign exchange remittances have been made,
the Bank of Baroda said in a regulatory submitting
 The Financial Intelligence Unit (FIU) has slapped Rs9cr penalty on Bank
of Baroda. The FIU has levied the maximum penalty of Rs1 lakh, as
stipulated underneath the Prevention of Money Laundering Act.

Satyam Scandal:-
Indian IT services and back-office accounting firm has falsely boosted
revenue by $1.5 billion scam done by the chairman Ramalinga Raju.
 False revenues, margins and cash balances to the tune of 50 billion
rupees
 Later on Ramalinga Raju admitted the fraud in a letter to the
company's board of directors
 Raju and his brother charged with breach of trust, conspiracy, cheating
and falsification of records. Released after the Central Bureau of
Investigation failed to file charges on time

Punjab National Bank:-

Nirav Modi did one of the biggest stock scam with PNB of Rs 11000cr in 2018
 Mehul Choksi owner of Gitanjali Gems and Nirav Modi founder of
Firestar International P Ltd exploited loopholes in banking system by
 seeking LOU (letters of undertaking) from PNB and raising credit from
various foreign banks/Foreign branches of Indian banks
 The Nirav Modi three companies named Diamond R US, Solar export
and Stellar diamond allegedly raised loans from Axis Bank, UCO Bank
and Allahabad Bank by showing LoU
 In Jan 18 when Modi's men asked for an LOU, the bank asked for 100%
margin. Then Modi’s men contested this and claimed they were enjoying
this facility for many years without cash margin. This led to the discovery
of the fraud
 On 5 Feb 18 PNB informed fraud of Rs 11356.84Cr

State Bank of India:-

Harshad Mehta did one of the biggest stock market scam with SBI of Rs 500cr
in 1992
 Harshad Mehta had secured securities from the state bank of India
against the forged cheque signed by the corrupt officals of SBI
 Later on he failed to deliver the securities and he made the prices of
the stock very high by undue practises and sell the stock he owned in
these companies
 Due to lack of security structure design treasury manager this scam
took place