Three private banks pare stake in Yes Bank within 14 days of investing
4 years, 8 months ago

Three private banks pare stake in Yes Bank within 14 days of investing

Live Mint  

Mumbai: After mounting an effort to rescue Yes Bank last month, three private sector lenders have already sold part of their stakes between 17 March and 31 March, showed shareholding data from BSE. While Federal Bank’s stake in Yes Bank declined 47 basis points to 1.92% as on 31 March, Kotak Mahindra Bank’s stake fell 37 bps to 3.61% and IDFC First Bank’s stake declined 32 bps to 1.67% between 17-31 March, the data showed. Under the plan, domestic investors including SBI, Housing Development Finance Corp, ICICI Bank, Kotak Mahindra Bank, Bandhan Bank, Federal Bank and IDFC First bank invested ₹10,000 crore into Yes Bank. SBI chairman Rajnish Kumar, the largest investor in Yes Bank, had said at a press conference on 17 March that SBI remains committed to the investment and will not sell any part of its 48% stake before the expiry of a three-year partial lock-in period.

Bank Yes Bank Kumar Stake Idfc First Bank Sbi Kotak Mahindra Bank Federal Bank 17 March  pare  days  bank  banks  sold  14  yes  kumar  private  crore  mahindra  investing  sbi  shares  stake  rescue

History of this topic

Why this Japanese group is the favourite to win Yes Bank's hand
3 months ago

Why this Japanese group is the favourite to win Yes Bank's hand

Live Mint  

Japan's Mitsubishi UFJ Financial Group has emerged as the favourite to acquire a majority stake in Yes Bank as it is agreeable to the regulatory cap on voting rights in private banks, three people aware of the matter said. "MUFG has started due diligence last week after SMBC and Emirates NBD dropped out due to the Reserve Bank of India's …

SBI aims to sell Yes Bank stake worth $2.2 billion by end-March: Report
4 months, 4 weeks ago

SBI aims to sell Yes Bank stake worth $2.2 billion by end-March: Report

Hindustan Times  

State Bank of India is reportedly aiming to strike a deal by end-March for the sale of its 24% stake worth 184.2 billion rupees currently in smaller rival Yes Bank, four sources with direct knowledge said. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Japanese lender Sumitomo Mitsui Banking Corp and Dubai-based Emirates NBD are in advanced talks to acquire a majority stake in …

Yes Bank Q1 Results: Net Profit Jumps 46% to Rs 502 Crore on Lower Provisions
5 months, 3 weeks ago

Yes Bank Q1 Results: Net Profit Jumps 46% to Rs 502 Crore on Lower Provisions

News 18  

Yes Bank Q1 Results: Private sector lender Yes Bank on Saturday reported a bigger-than-expected 46 per cent jump in standalone net profit to Rs 502 Crore, helped by a drop in loan-loss provisions and robust loan growth. The Mumbai-based private lender’s standalone net profit had stood at Rs 343 crore in the corresponding period last year. Yes Bank’s provisions and …

Yes Bank’s $5 billion stake said to attract lenders from the Middle East, Japan
6 months ago

Yes Bank’s $5 billion stake said to attract lenders from the Middle East, Japan

Live Mint  

New Delhi: First Abu Dhabi Bank PJSC is among potential suitors for a roughly $5 billion stake in India’s Yes Bank Ltd, according to Bloomberg. The Middle Eastern lender is weighing a bid for as much as a 51% stake in YES Bank, the people said, asking not to be identified as the deliberations are private. Private lender YES Bank …

Yes Bank share price rises 8% today after strong Q4 results
8 months, 1 week ago

Yes Bank share price rises 8% today after strong Q4 results

Hindustan Times  

Yes Bank share price: Shares of Yes Bank opened upside at ₹27.50 apiece on NSE and went on to touch an intraday high of ₹28.55 per share after the opening bell today. Yes Bank share price went on to touch an intraday high of ₹ 28.55 per share on April 29. Yes Bank share price today Shares of YES Bank …

YES Bank Shares Jump 8% On Strong Q4 Results
8 months, 1 week ago

YES Bank Shares Jump 8% On Strong Q4 Results

News 18  

Private sector lender YES Bank‘s shares on Monday saw a strong jump on the back of heavy buying after its strong Q4 FY24 results. Private sector lender YES Bank on Saturday reported a 124 per cent surge year-on-year in its net profit to Rs 454 crore for the March 2024 quarter. Its net interest income during January-March 2024 rose 2.3 …

Yes Bank shares jump 9% after strong Q4 results. Buy, hold or sell?
8 months, 1 week ago

Yes Bank shares jump 9% after strong Q4 results. Buy, hold or sell?

India Today  

Yes Bank shares soared as much as 9% on Monday following its strong Q4 results, supported by substantial gains from tax refunds. It may be noted that Yes Bank's net interest income saw a modest 2% year-on-year increase, rising to Rs 2,153 crore from Rs 2,105 crore in the corresponding quarter of the previous fiscal year. On breaching this resistance …

Yes Bank share price jumps 10% on clarification of startup partnership
11 months ago

Yes Bank share price jumps 10% on clarification of startup partnership

Live Mint  

Yes Bank share price jumped nearly 10% to touch a 52-week high on Thursday's session the private lender provided clarification that the agreement it has with a startup, which was previously revealed by the media, is still in its early stages and would not significantly affect the bank's business volumes or revenues. Yes Bank share price today opened at ₹31.18 …

YES bank rallies over 9.50 per cent amid reports of SBI offloading shares worth Rs 5,000-7,000 crore
11 months ago

YES bank rallies over 9.50 per cent amid reports of SBI offloading shares worth Rs 5,000-7,000 crore

India TV News  

Shares of YES Bank rallied 9.70 per cent to a 52-week high of Rs 32.70 on reports of the State Bank of India offloading its entire stake. Currently, the SBI Consortium holds a 32.70 per cent stake in YES Bank, with LIC holding 4.34 per cent and Axis Bank 2.57 percent. The surge in YES Bank shares by 26 per …

Yes Bank shares cheer New Year after receipt of ₹150 crore from bad loan sale
1 year ago

Yes Bank shares cheer New Year after receipt of ₹150 crore from bad loan sale

Live Mint  

Stock market today: Yes Bank shares witnessed buying interest in early morning deals on first trade session of the new year 2024. According to stock market experts, Yes Bank share price today witnessed upside movement after the private lender's declaration to receive ₹150 crore from a single trust in Security Receipts Portfolio after NPA portfolio sale. On triggers that fueled …

Yes Bank shares hit 52-week high. Buy, hold or book profit?
1 year ago

Yes Bank shares hit 52-week high. Buy, hold or book profit?

Live Mint  

Stock market today: Yes Bank shares have been in uptrend for near one month. Yes Bank share price today opened upside and went on to climb to a new 52-week peak of ₹23 per share levels on NSE, logging an intraday gain of near 5 per cent during Monday stock market deals. Market experts said that Yes Bank shares are …

Yes Bank shares jump 6% after NPA portfolio update. Details here
1 year, 1 month ago

Yes Bank shares jump 6% after NPA portfolio update. Details here

Live Mint  

Stock market today: Despite weak market sentiments, Yes Bank shares are attracting strong buying interest during Monday deals. According to stock market experts, Yes Bank share price today skyrocketed after the positive update on sale of NPA portfolio. Yes Bank share news On reason that has fueled Yes Bank share price today, Avinash Gorakshkar, Head of Research at Profitmart Securities …

Q2 results 2023: Yes Bank to declare July-September quarterly numbers this month
1 year, 3 months ago

Q2 results 2023: Yes Bank to declare July-September quarterly numbers this month

Live Mint  

Private lender Yes Bank has announced October 21 as the date for reporting the second quarterly results for the period ended September 30. “A meeting of the Board of Directors of YES Bank Limited will be held on Saturday, October 21, 2023, in Mumbai, inter alia, to consider and approve, the Unaudited Standalone and Consolidated Financial Results of the Bank …

Yes Bank appoints Manish Jain as Country Head- Wholesale Banking; stock gains
1 year, 3 months ago

Yes Bank appoints Manish Jain as Country Head- Wholesale Banking; stock gains

Live Mint  

Yes Bank on Wednesday announced Manish Jain as the Country Head- Wholesale Banking with immediate effect. In his role as Country Head-Whilesale Banking, Jain will be responsible for spearheading the wholesale banking business at Yes Bank, comprising large corporates, the bank said. He has worked in diverse geographical locations throughout India serving all client segments like Large Local Corporates, Strategic …

Yes Bank shares jump 9% today. Here’s why
1 year, 8 months ago

Yes Bank shares jump 9% today. Here’s why

Live Mint  

Shares of Yes Bank Limited gained over 9 per cent during intraday trade on Tuesday ahead of the private sector lender's quarterly results later this week. SBI – Yes Bank's biggest shareholder with a 26.14 per cent stake in Yes Bank as of 31 December 2022, as per regulatory data – and other lenders had acquired the bank's shares for …

Yes Bank share price drops 7%. What investors should do?
1 year, 9 months ago

Yes Bank share price drops 7%. What investors should do?

Live Mint  

Yes Bank shares: Due to end of three year lock-in of ICICI Bank, HDFC Bank, IDFC First Bank, Axis Bank, Kotak Mahindra Bank, Federal Bank, etc. in Monday morning deals, Yes Bank shares opened downside and hit intraday low of ₹14.40 apiece levels, around 12.50 per cent lower from its Friday close of ₹16.50 apiece on NSE. They said that …

Yes Bank 3-year lock-in period ends today: 10 things to know
1 year, 9 months ago

Yes Bank 3-year lock-in period ends today: 10 things to know

Live Mint  

Yes Bank lock-in period ends today: Yes Bank shares are expected to remain volatile as the three-year lock-in period will end today, 13 March 2023. Here are 10 things you should know about Yes Bank 1) The reconstruction scheme 2020 imposed a lock-in period till March 2023 for all investors. 5) As of December 2022, SBI held 26.14 per cent …

As lock-in expires, Yes Bank rescuers may retain stakes
1 year, 10 months ago

As lock-in expires, Yes Bank rescuers may retain stakes

Live Mint  

Mumbai: Banks that acquired stakes in Yes Bank as part of its rescue three years ago are likely to hold on to their shares even as a three-year lock-in ends on 13 March, three officials aware of the matter said. State Bank of India, ICICI Bank, Axis Bank, IDFC First Bank, Federal Bank, Kotak Mahindra Bank and Bandhan Bank have …

Yes Bank share opens flat as SBI’s 3-year lock-in ends today. Buy, hold or exit?
1 year, 10 months ago

Yes Bank share opens flat as SBI’s 3-year lock-in ends today. Buy, hold or exit?

Live Mint  

Yes Bank shares today opened lower as three year lock-in of State Bank of India ends today. Market is full of speculations that after the end of three year lock-in, SBI would book at least partial profit if not full profit that may lead to further downside in Yes Bank share price, which is already under the heat after Supreme …

Stocks to Watch: Happiest Minds, HPCL, YES Bank, Edelweiss Financial Services, and Others
1 year, 10 months ago

Stocks to Watch: Happiest Minds, HPCL, YES Bank, Edelweiss Financial Services, and Others

News 18  

The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. Separately, SB Adani Family Trust offloaded 5.56 crore equity shares in Adani Green Energy via open market transactions at an average price of Rs 504.6 per share, amounting to Rs 2,805.6 crore. However, Goldman Sachs Trust II-Goldman Sachs GQG Partners International Opportunities Fund bought …

Yes Bank Shares Fall Over 16% in 2023; Should you Buy, Hold or Sell?
1 year, 11 months ago

Yes Bank Shares Fall Over 16% in 2023; Should you Buy, Hold or Sell?

News 18  

Yes Bank Share Price: Shares of YES Bank have been under pressure after climbing to its 52-week high of Rs 24.75 on 13 December, 2022. In these near one month time, Yes Bank shares have tumbled to the tune of 30 per cent whereas in YTD time, it has nosedived over 16 per cent. Giving Yes Bank shareholders to hold …

Yes Bank Shares Fall Over 26% From 52-Week High; Should you Buy, Hold or Sell?
2 years ago

Yes Bank Shares Fall Over 26% From 52-Week High; Should you Buy, Hold or Sell?

News 18  

Yes Bank Share Price: Private sector Yes Bank reached a record high of one year about 10 days ago. In last ten days, Yes Bank shares have fallen to the tune of Rs 18.20 per share on NSE, logging more than 26 per cent dip after climbing to its 52-week peak. further direction.” Highlighting the reasons that led to the …

Yes Bank share price jumps after sale of NPA to JC Flowers. Buy, sell or hold?
2 years ago

Yes Bank share price jumps after sale of NPA to JC Flowers. Buy, sell or hold?

Live Mint  

Yes Bank shares jump by over 4 per cent in early morning deals on Monday session. Yes Bank share price today opened with an upside gap and went on to hit intraday high of ₹22.10 apiece on NSE, logging around 4.25 per cent rise in stock market's opening bell today. According to stock market experts, Yes Bank shares are rising …

YES Bank Shares Skyrocket 27% in 3-Days; More Steam Left After the Staggering Rally?
2 years ago

YES Bank Shares Skyrocket 27% in 3-Days; More Steam Left After the Staggering Rally?

News 18  

YES Bank Share Price Today: Private lender Yes Bank’s shares have been rallying for last three trading sessions. If Yes Bank manages to give strong numbers in Q3FY23 results, then valuations of the Yes Bank shares may become attractive and hence, private lenders who bought stake in Yes Bank may continue to hold the stock. If the private lender manages …

YES Bank Rallies Over 7%, Takes 2-day Rise to 20%; Should you Buy, Sell or Hold?
2 years ago

YES Bank Rallies Over 7%, Takes 2-day Rise to 20%; Should you Buy, Sell or Hold?

News 18  

YES Bank Share Price: Shares of private lender YES Bank soared soared 7 per cent in Monday’s trade, taking its recent rise to the third straight day, hitting a two-year high at Rs 21.20, while surging 19.7 per cent over two sessions of trade. 2 each and share warrants of Yes Bank Limited,” adding, “Further to the Reserve Bank of …

The untold story of 2 ex-SBI men turning around distressed banks
2 years, 3 months ago

The untold story of 2 ex-SBI men turning around distressed banks

Live Mint  

MUMBAI : On the morning of 6 March 2020, Prashant Kumar, a former State Bank of India executive, made his way to the swanky tower two of Indiabulls Finance Centre in Mumbai’s Lower Parel. Take the example of Yes Bank’s Kumar who quickly graduated from being an administrator to being appointed as the bank’s managing director and CEO once the …

Yes Bank raises $1.1 billion, expansion plans on table
2 years, 5 months ago

Yes Bank raises $1.1 billion, expansion plans on table

Live Mint  

Two years after India's central bank had to step in to take control of Yes Bank to calm panicky depositors and stem systemic risk, the lender is aiming to expand its loan book and acquire smaller rivals to revive its business, its chief executive said. Yes Bank is looking to increase its loan book by 15% in the fiscal year …

Yes Bank’s capital raise welcome, but challenges remain: Analysts
2 years, 5 months ago

Yes Bank’s capital raise welcome, but challenges remain: Analysts

Live Mint  

Indian private lender Yes Bank's $1.1 billion capital raise will help strengthen its balance sheet and provide it with growth capital, but it may not be an easy road ahead for the bank as the focus shifts to accelerating growth, say analysts. On Friday Yes Bank announced that it is selling up to a 10% stake to U.S. private equity …

Yes Bank raises $1.1 billion from Carlyle, Advent
2 years, 5 months ago

Yes Bank raises $1.1 billion from Carlyle, Advent

The Hindu  

Yes Bank on Friday announced it was raising equity capital of $1.1 billion from funds affiliated with private equity investors Carlyle and Advent International, with each investor acquiring up to a 10% stake in the bank. “The capital raise will further bolster the capital adequacy of Yes Bank and aid the bank’s medium to long term sustainable growth objectives,” Yes …

Yes Bank is confident of 15% credit growth in FY23
2 years, 5 months ago

Yes Bank is confident of 15% credit growth in FY23

Live Mint  

Yes Bank management on Saturday said that it is confident of meeting the 15% credit growth guidance for the fiscal year 2023, even as it reported a 50% year-on-year jump in net profit during the first quarter of the fiscal year owing to lower provisions. The private sector lender reported a net profit of ₹314 crore at the end of …

Yes Bank Q1FY23 results: Net profit jumps 50%, total income rises 9.67%
2 years, 5 months ago

Yes Bank Q1FY23 results: Net profit jumps 50%, total income rises 9.67%

Live Mint  

Yes Bank Q1FY23 results: Yes Bank today announced its results of the first quarter for the financial year 2022-23. The private lender also reported a YoY jump of 9.67 per cent in total income whereas its income from interest has shot up 13.47 per cent in the said period. Net interest income of Yes Bank in Q1FY23 stands at ₹1,850 …

Yes Bank-DHFL scam: CBI searches premises of prominent realtors in Mumbai, Pune
2 years, 8 months ago

Yes Bank-DHFL scam: CBI searches premises of prominent realtors in Mumbai, Pune

India TV News  

Highlights CBI conducted massive raids at eight premises in Mumbai and Pune in DHFL-Yes Bank case Premises belong to Avinash Bhosale and Shahid Balwa, who was named in 2G scam and later acquitted Radius Developers owe over Rs 3,000 crore to DHFL. It had taken loan to finance a project in Mumbai Yes Bank-DHFL scam: The CBI on Saturday began …

Yes Bank grapples with legacy issues left behind by disgraced founder
3 years, 5 months ago

Yes Bank grapples with legacy issues left behind by disgraced founder

Live Mint  

Two years after Rana Kapoor’s exit, Yes Bank continues to grapple with the legacy of its founder—a plethora of loans given out in an alleged quid pro quo where the bank bypassed institutional credit checks. Other controversial transactions include Yes Bank’s alleged dealings with a well-known asset reconstruction company promoted by the kin of a prominent industrialist, where close to …

CBI books Avantha promoter in ₹466-crore Yes Bank fraud case
3 years, 7 months ago

CBI books Avantha promoter in ₹466-crore Yes Bank fraud case

Live Mint  

The Central Bureau of Investigation has registered a case against Gautam Thapar, the promoter of Avantha Group, and others for alleged diversion of public money to the tune of ₹466.15 crore, following a complaint by Yes Bank, people familiar with the development said. In the latest case, CBI has named Thapar, Raghubir Kumar Sharma, Rajendra Kumar Mangal and Tapsi Mahajan, …

Huge loss of public funds serious matter: Bombay HC while rejecting Yes Bank chief Rana Kapoor's bail plea
3 years, 11 months ago

Huge loss of public funds serious matter: Bombay HC while rejecting Yes Bank chief Rana Kapoor's bail plea

India Today  

The Bombay High Court rejected the bail plea of Yes Bank co-founder and former Managing Director Rana Kapoor last month. Huge loss of public fund is required to be viewed seriously.” The court further said, “It cannot be disputed that money lying with Yes Bank is public money.” Justice Prakash D Naik, in the 28 page order, noted that the …

When Yes Bank Audit Report Carried Only a Brief Obituary of Founder Ashok Kapur
4 years, 1 month ago

When Yes Bank Audit Report Carried Only a Brief Obituary of Founder Ashok Kapur

News 18  

An obituary message for Yes Bank founder chairman Ashok Kapur, who fell to terrorists’ bullets in the 26/11 attacks, was carried in a “tiny blink-and-miss paragraph” in the company’s audit reports published five months later, claims a new book. “Five months after Kapur died, Yes Bank would summarise its annual operations for the financial year and put together its annual …

Yes Bank eyes ₹2 trillion deposits by March
4 years, 1 month ago

Yes Bank eyes ₹2 trillion deposits by March

Live Mint  

Yes Bank aims to raise its deposits book to ₹2 trillion by the end of March 2021. The private sector lender is also planning to expand its retail and small and medium enterprises loan book from ₹6,800 crore in the September quarter to ₹10,000 crore by the end of the third quarter. Rajan Pental, retail banking head of Yes Bank …

Govt Approves Merger of Lakshmi Vilas Bank with DBS Bank India, Lifts Curbs on Withdrawal of Deposits
4 years, 1 month ago

Govt Approves Merger of Lakshmi Vilas Bank with DBS Bank India, Lifts Curbs on Withdrawal of Deposits

News 18  

The government on Wednesday approved merger of crisis-ridden Lakshmi Vilas Bank with DBS Bank India Ltd and removed restrictions on withdrawal of deposits by depositors. The Union Cabinet has approved the merger of the LVB with DBS Bank India Limited, Union Minister Prakash Javadekar told reporters, adding the decision will provide comfort to 20 lakh depositors and protect the services …

How the RBI got rid of Yes Bank’s Rana Kapoor
4 years, 2 months ago

How the RBI got rid of Yes Bank’s Rana Kapoor

Live Mint  

Yes Bank, as most readers will be aware, ended up in a downwards spiral. This ‘over-financing’ helped Yes Bank grow its balance sheet, earn profits, pay good dividends and keep the shareholders – which include Kapoor and his family – happy. Every time the RBI inspection team found a bad loan, Kapoor’s standard response was: ‘I will take care of …

Yes Bank to raise up to Rs 15,000 crore through FPO; offer to open on July 15
4 years, 6 months ago

Yes Bank to raise up to Rs 15,000 crore through FPO; offer to open on July 15

India TV News  

Private sector lender Yes Bank on Thursday said it has filed a red herring prospectus to raise up to Rs 15,000 crore through issuance of fresh equity shares in its further public offering. "The bank has filed a red herring prospectus dated July 7, 2020, in connection with the offer, with the Registrar of Companies, Maharashtra at Mumbai," Yes Bank …

Why PMC Bank, Yes Bank depositors in different circumstances: HC asks RBI, govt
4 years, 6 months ago

Why PMC Bank, Yes Bank depositors in different circumstances: HC asks RBI, govt

Live Mint  

New Delhi: The Delhi high court has directed Reserve Bank of India and Centre to file additional affidavits on reasons which propelled forging of the Yes Bank Reconstruction Scheme, 2020. The affidavits will have to state how depositors of PMC Bank are in different circumstances compared with those of Yes Bank. The court, in its order uploaded today, asked RBI …

Day after bonds were downgraded, Yes Bank says it has enough liquidity
4 years, 6 months ago

Day after bonds were downgraded, Yes Bank says it has enough liquidity

Live Mint  

Yes Bank has adequate liquidity to meet all its obligations, the private lender said on Wednesday, a day after Icra and Care Ratings downgraded the upper tier-II bonds of Yes Bank to default. “For Basel II, upper tier-II bonds, the specific features of the instrument require debt servicing to be linked to the bank meeting regulatory norms on capital adequacy,” …

Yes Bank to skip payment of interest on bonds
4 years, 6 months ago

Yes Bank to skip payment of interest on bonds

Live Mint  

Private sector lender Yes Bank Ltd said the Reserve Bank of India has temporarily disallowed it from paying interest on its tier-II bonds due on 29 June, due to its weak capital position. “We refer to our earlier communication dated 27 May 2020 wherein we had inter alia informed that as the capital to risk assets ratio of the bank …

Yes Bank plans to raise ₹8,000 crore through rights issue
4 years, 6 months ago

Yes Bank plans to raise ₹8,000 crore through rights issue

Live Mint  

Yes Bank Ltd. is planning to raise at least ₹8000 crore in a public offering of shares to boost its capital, according to people familiar with the matter. That could help Yes Bank raise its Tier-1 core capital ratio to around 10%, from 6.3% as of end-March, said the people, who asked not to be identified as the information is …

Yes Bank gets bourses approval for re-classification of promoter shareholding
4 years, 6 months ago

Yes Bank gets bourses approval for re-classification of promoter shareholding

Live Mint  

Private sector lender Yes Bank on Friday said it has received approval of leading bourses BSE and National Stock Exchange for re-classification of the promoter shareholding. The bank first informed the bourses during the day, saying Sebi has admitted its application for the de-classification of its founding promoters Rana Kapoor and Madhu Kapur families and firms linked to them. On …

Sebi removes Rana Kapoor as Yes Bank promoter
4 years, 6 months ago

Sebi removes Rana Kapoor as Yes Bank promoter

Live Mint  

The Securities and Exchange Board of India, has removed Yes Bank founder Rana Kapoor as the promoter of the company and reclassified him as an ordinary public shareholder. The bank informed the stock exchanges on Wednesday about Sebi’s decision following a request from the current management, who asked for Kapoor’s removal ahead of the follow-on public offer being planned in …

Kapur family withdraws suit against Yes Bank in Bombay high court
4 years, 7 months ago

Kapur family withdraws suit against Yes Bank in Bombay high court

Live Mint  

Private sector lender Yes Bank on Tuesday said that Madhu Kapur and other family members have withdrawn their petition from the Bombay high court after having fought it since 2013. On 30 May, Yes Bank told the stock exchanges that Madhu Kapur, Shagun Kapur Gogia, Gaurav Kapur and Mags Finvest Pvt Ltd. – decided to give up their status as …

Yes Bank Q4 results: Private lender posts Rs 2,629 cr net profit on gains from AT-1 bond write-off
4 years, 8 months ago

Yes Bank Q4 results: Private lender posts Rs 2,629 cr net profit on gains from AT-1 bond write-off

Firstpost  

Yes Bank had a loss of Rs 18,560 crore loss in the December quarter while the loss was at Rs 1,506 crore in the March 2019 quarter. Mumbai: Yes Bank on Wednesday reported a net profit of Rs 2,629 crore for the March quarter, helped by a massive gain of over Rs 6,200-crore arising out of a controversial write-off of …

Rescue act, again
4 years, 9 months ago

Rescue act, again

The Hindu  

India’s biggest bank rescue act could not have happened at a more inopportune time. Yes Bank had assets to the tune of Rs.3 lakh crore, but assets as defined in the banking industry are a peculiar artefact of accounting practices. He pointed out that for fiscal year 2015-16 Yes Bank disclosed its gross NPAs as Rs.7,490 crore but the RBI …

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