Yes Bank Eclectic ( Visa Infinite ) Debit Card

[jetesh]

Yes Bank Visa Infinite vs Master World Debit Card ...... which one is better ?

 

[SSV]

So you will say no to yes..
😄

Yes, NO to YES

 

[theda]

yes
otherwise you will be reported as an NPA post 90 days

who will do that if there is no yes

 

[theda]

So you will say no to yes..
😄

Yes yes is never yes for him

 

[SSV]

Just a khurafati thought. If yes bank closes few days before my yes bank credit card bill generation do I still have to pay the bill?

The voluntary administrator ( aka the receiver) will be after you.. you are a debtor in the books of YES and subsequently to the receiver

 

[sxchzy]

who will do that if there is no yes

the bank who acquires yes bank or arc company who buys your debt

 

[dvader]

Your argument lost sense due to a personal attack on someone.
Why is anyone representing an entity be an issue to you? or do you make your financial decisions by looking at a company's lawyer

The case is decided on merits and not who is arguing

Its not a personal attack on Kapil Cibal. The message was dont go anywhere near an entity represented by a criminal lawyer. It'd almost always a bad sell. And F&$k everyone personally, professionally and to the moon and back who plays with public money.

I would say this for anyone. I don't have loyalty to any politicians who has ever existed or will ever exist.

I think now it's clear, the attack was not personal, it was against anyone and everyone who treats public like shit.

And yes not only do I make my decisions based on who represents an entity but also who leads them and who lobies for them. A thief always tries to hire a thief. But that is just me. You are free to invest your money anywhere you like.

The case is decided on merits. You are absolutely correct. Well done. That's why BHC gave the decision in favor of Indian people. But now it won't be decided on merit it will be lobbied around, played with and f-#$gd around.

 

[dvader]

the bank who acquires yes bank or arc company who buys your debt

Correct. On a separate note, the aquiring bank will try to write off as much as they can, the assessment will be cruel to a point where even performing assets will be questioned. Yes Bank has certain good parts, this is true for any organization. Any entity is made up people like you and I who work on the ground level, so there are bound to be good people at every strata of a hierarchical organization. And it is this good, this "common people" force that drives everything. Given a good and honest leadership, YesBank will be positively profitable in no time.

I have Yes First Exc. and Yes First savings with them. I haven't closed it cuz there is still hope. (Dont worry I only trust them enough to keep 2L in savings not more, thats the amount I can wait for DICGC to clear without even caring)

Also to answer OP's question the Eclectic Visa Infine is a better card. You don't have to close the account right now, just don't keep a big amount.

 

[dvader]

and the AT1 bonds were introduced with the sole objective of eating up the Investor's money in case they suffer loss. That's why they are more riskier than conventional FDs.
Now it is for the courts to decide whether Yes Bank sold these Bonds without disclosing the risks or not

Read the BHC ruling. YesBank did sell them without disclosing risk (aptly) (Even the bast*#d lawyer and Finance Ministry is not denying it anymore). The Finance Ministry and YesBank's bast$$d of a lawyer (not naming anyone now) are claiming that YesBank is a major bank and the decision to pay the People will be catastrophic.

BHC actual ruling.

https://bombayhighcourt.nic.in/generatepdf.php?bhcpar=cGF0aD0uL3dyaXRlcmVhZGRhdGEvZGF0YS9qdWRnZW1lbnRzLzIwMjMvJmZuYW1lPUYyNTYwMDAwNjU4OTIwMjFfMTgucGRmJnNtZmxhZz1OJnJqdWRkYXRlPSZ1cGxvYWRkdD0yMC8wMS8yMDIzJnNwYXNzcGhyYXNlPTIzMDEyMzIwNDQwNw==

This file is also attached below.

Also, I understand that no one has time to read a court document, but do read the first page. The petitioner had guts of iron, they sued everyone and I mean everyone, it's fun to read.

After 100 points of merit spanning 80 Pages, this is the ruling after all the "MERITS" were discussed and assessed by Hon. Shri S. M Modak J (Acting Chief Justice)


If anyone wants to read to the full extent of the evil of these bastards here are the full details of the petition

Jurisdiction:
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION

Writ: WRIT PETITION NO.785 OF 2021

 

[jetesh]

The pessimism is justified. Now let me give you a ground report. I visited my branch and my RM was talking to another guy about how he just gave a 70L loan to a guy to buy A BMW X7 (1.22 Cr Ex Show). Now in a metro city that's business as usual. I am from a tier 2 city. This BMW X7 was first in the city and therein lies the problem, the guy must have gone through 5 banks before coming to Yes. YesBank won't be an issue as far as retail depositors are considered cuz RBI. It might cease to exist as a separate entity and merge with another private bank. Either way, systemic changes are needed at this point. SBI still has a major shareholding that imparts some trust or maybe RBI officials are avoiding it deliberately cuz that's gonna send a huge red flag.

Also, there is/was the concern of AT1 bonds that would have made them bankrupt (I don't know why there wasn't much buzz on this). Bombay High Court ordered YesBank to pay off ~8000 Crores to inverters of AT1 bonds (I think this was the biggest misselling in decades). These bonds were sold as an alternative to FDs. Yesbank said and I quote "As safe as a house". RBI in its reconstruction scheme wiped out the entire ~8000Cr cuz they were neither savings deposits nor FD nor equity. Even equity investors were saved in the RBI reconstruction scheme but these bonds though they were technically FDs were F*#@ed. Not a single rupee was spared. People challenged this in the Bombay High Court and won in 2022/23 (correct the date if anyone is a lawyer). YesBank would have been f*##d if this happened. RBI + YesBank jointly appealed this in the Supreme Court and the Finance Ministry is lobbying to reverse the HC judgement

Finance Ministry moves Supreme Court against HC order quashing Yes Bank's AT-1 bonds write-off

A bench led by Chief Justice DY Chandrachud admitted the governments appeal and tagged it along with similar appeals filed by RBI and Yes Bank, It also posted the matter for further hearing on October 16. The apex court had in March extended the stay granted by the HC on January 20.

economictimes.indiatimes.com

And just for trivia, you would be surprised who is representing YesBank to turn the HC judgment to pay the retail investors (mostly retirees and normal citizens) Kapil Cibbal. This M*#*$er also represents designated Criminal Lalu Yadav in SC/HC.

I wouldn't go anywhere near someone being represented by Kapil Cibal.

In short, do not I repeat do not under any circumstance, I am repeating it again under any circumstance invest your money with any bank (PSU, nonPSU doesn't matter, F*#*k them all) selling a new scheme or bond cuz you gonna get railed no matter what.

Thanks alot .....................