SBI Nominee Director on Yes Bank Board Swaminathan Janakiraman Resigns
4 years, 2 months ago

SBI Nominee Director on Yes Bank Board Swaminathan Janakiraman Resigns

News 18  

Yes Bank on Wednesday said that Swaminathan Janakiraman, the nominee director appointed by State Bank of India, has resigned with effect from October 28, 2020. In his letter, Janakiraman, has conveyed that State Bank of India will shortly nominate a replacement in his place, Yes Bank said in a regulatory filing. Janakiraman, in his resignation letter addressed to Yes Bank MD&CEO Prashant Kumar said that "I wish to submit my resignation from the board of directors of Yes Bank as a nominee director, effective today October 28, 2020. With this resignation, Yes Bank is left with six members on its board, including the MD&CEO Kumar and non-executive chairman Sunil Mehta.

Director Bank Yes Bank Swaminathan Janakiraman  director  place  nominee  swaminathan  janakiraman  board  yes  28  bank  resigns  sbi  letter  2020  resignation

History of this topic

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 …

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 …

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 …

SBI Card MD and CEO Ashwini Kumar Tewari resigns; appointed as SBI MD
3 years, 11 months ago

SBI Card MD and CEO Ashwini Kumar Tewari resigns; appointed as SBI MD

India TV News  

SBI Card on Wednesday said its Managing Director and CEO Ashwini Kumar Tewari has resigned pursuant to his appointment as MD of State Bank of India. "We wish to inform that Ashwini Kumar Tewari, Managing Director & CEO of the company has tendered his resignation from directorship of the company with effect from the close of business hours of January …

Yes Bank’s Second Life After Rana Kapoor: What Has That Been Like?
4 years, 2 months ago

Yes Bank’s Second Life After Rana Kapoor: What Has That Been Like?

The Quint  

Typically, a bank gives the Reserve Bank of India a list of names to pick from for the CEO’s post. Two names were sent to the RBI for approval for the top post – Ravneet Gill and Rajat Monga, the senior group president of Yes Bank, and believed to be Rana Kapoor’s Man Friday. Gill did have rounds of discussions …

​Meet S Janakiraman, SBI's Digital Man and Bank Bureau's Recommendation for Managing Director Post
4 years, 3 months ago

​Meet S Janakiraman, SBI's Digital Man and Bank Bureau's Recommendation for Managing Director Post

News 18  

The Bank Board Bureau on Monday recommended S Janakiraman’s name for the position of State Bank of India’s managing director. He also has varied experience in diverse areas like Global Trade Services, International Banking Group, MCG among others. Before his current position as Deputy Managing Director and Chief Digital Officer, he was the Chief General Manager of Hyderabad Circle He …

Yes Bank working on risk, governance after bailout: New CEO
4 years, 4 months ago

Yes Bank working on risk, governance after bailout: New CEO

Live Mint  

Under a new management, Yes Bank has overhauled its risk and governance frameworks to save itself from reputational risks and come out as a brand committed to integrity, its chief executive and managing director Prashant Kumar has said. "The bank has made significant changes in the risk framework to ensure that impending risks are identified, evaluated, and resolved before these …

Sebi removes Rana Kapoor as Yes Bank promoter
4 years, 7 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 …

RBI appoints R Gandhi, Ananth Gopalakrishnan as additional directors on Yes Bank's new board
4 years, 9 months ago

RBI appoints R Gandhi, Ananth Gopalakrishnan as additional directors on Yes Bank's new board

Firstpost  

Mumbai: The Reserve Bank of India on Friday appointed R Gandhi and Ananth Narayan Gopalakrishnan as Additional Directors on the board of Yes Bank Ltd from 26 March for a period of two years. On 5 March, the Reserve Bank of India RBI had imposed a moratorium on Yes Bank, restricting withdrawals to Rs 50,000 per depositor till 3 April …

Yes Bank Allots Shares To SBI, 7 Private Banks
4 years, 9 months ago

Yes Bank Allots Shares To SBI, 7 Private Banks

ABP News  

Mumbai: Crisis-hit Yes Bank has allotted 1,000 crore equity shares to seven private banks and the state-run State Bank of India for a total consideration of Rs 10,000 crore. In a regulatory filing, Yes Bank said: "395,00,00,000 equity shares have been issued and allotted to the investors for an aggregate subscription consideration of Rs 39,50,00,00,000, calculated at a share price …

Yes Bank crisis: Moratorium to be lifted on March 18, rescue plan notified
4 years, 9 months ago

Yes Bank crisis: Moratorium to be lifted on March 18, rescue plan notified

India TV News  

The government on March 13 approved the reconstruction scheme drawn by the Reserve Bank of India's for Yes Bank. Yes Bank was placed under a moratorium earlier this month by the RBI, which took control of the board and also imposed a Rs 50,000-limit on withdrawals from the bank till April 3, sending thousands of depositors scurrying to retrieve their …

Yes Bank: CBI registers case against founder Rana Kapoor
4 years, 9 months ago

Yes Bank: CBI registers case against founder Rana Kapoor

India TV News  

Central Bureau of Investigation has filed a case against Rana Kapoor, former Managing Director and CEO of Yes Bank. Rana Kapoor is also the founder of Yes Bank. It is alleged that the bungalow on Amrita Shet Gill Marg was acquired through M/s Bliss Abode pvt ltd. where Rana Kapoor's wife was one of the directors. 685 crore Rana Kapoor …

SBI board okays share purchase in Yes Bank for Rs 7,250 crore
4 years, 9 months ago

SBI board okays share purchase in Yes Bank for Rs 7,250 crore

India TV News  

The State Bank of India on Thursday said that its Executive Committee of Central Board has approved the purchase of 725 crore shares in Yes Bank at Rs 10 per share, which adds up to an investment of Rs 7,250 crore. "Executive Committee of Central Board at its meeting held on 11.03.2020 accorded approval for purchase of 725 crore shares …

The cost of a yes to a bank rescue act
4 years, 10 months ago

The cost of a yes to a bank rescue act

The Hindu  

The revival package announced by the Reserve Bank of India to rescue insolvent Yes Bank smacks of desperation. Even before undertaking due diligence, SBI Chairman Rajnish Kumar has announced that his bank is willing to outlay as much as ₹10,000 crore to recapitalise ailing Yes Bank and restore it to health. Data | The Yes Bank crisis explained in six …

CBI books Yes Bank founder Rana Kapoor's family, conducts searches; ED quizzes Bank CEO
4 years, 10 months ago

CBI books Yes Bank founder Rana Kapoor's family, conducts searches; ED quizzes Bank CEO

India Today  

The CBI has booked Yes Bank founder Rana Kapoor's wife and three daughters over allegations he received kickbacks through scam-hit DHFL's Rs 600 crore loan to a family-owned company and searched seven locations including their homes in Mumbai, the agency said on Monday. DoIt Urban Ventures controlled by the Kapoor family, RAB Enterprises Private Limited in which Bindu Rana Kapoor …

Yes Bank: CBI, ED book founder Rana Kapoor; daughter stopped from leaving country | All that has happened
4 years, 10 months ago

Yes Bank: CBI, ED book founder Rana Kapoor; daughter stopped from leaving country | All that has happened

India Today  

After he was questioned for over 15 hours by the Enforcement Directorate at the agency’s Ballard Estate office in Mumbai, Yes Bank founder Rana Kapoor was arrested on Sunday. CBI files FIR, ED registers ECIR against Rana Kapoor Hours after the Central Bureau of Investigation filed an FIR against Yes Bank founder Rana Kapoor, the ED also registered an Enforcement …

Rana Kapoor, Yes Bank founder brought to ED's Mumbai office
4 years, 10 months ago

Rana Kapoor, Yes Bank founder brought to ED's Mumbai office

India TV News  

A day after the Enforcement Directorate registered a money laundering case against Yes Bank founder Rana Kapoor and raided his premises, he was taken to the agency's office in Mumbai on Saturday for further questioning. A senior ED official connected with the probe told IANS: "Kapoor will be questioned about Yes Bank loans to Dewan Housing Finance Limited." He said …

SBI rules out merger with crisis-hit Yes Bank
4 years, 10 months ago

SBI rules out merger with crisis-hit Yes Bank

India TV News  

SBI chairman Rajnish Kumar on Saturday said that there is no question of a merger with the Yes Bank, as it is evaluating the restructuring draft scheme of the crisis-hit bank. "There is no question of a merger of the bank with the state-run bank," SBI said amid Yes Bank crisis, according to the Economic Times. Meanwhile, SBI chairman said, …

Yes Bank crisis: Not impressed with mere words, say account holders as SBI promises help
4 years, 10 months ago

Yes Bank crisis: Not impressed with mere words, say account holders as SBI promises help

India Today  

Sandeep Sule, a resident of Mumbai's Lalbagh area, had been running his medical shop "quite smoothly" until the overnight news of the Reserve Bank of India imposing a one-month moratorium on Yes Bank shocked him. On Thursday, the RBI imposed a one month moratorium on capital-starved Yes Bank and capped the monthly withdrawal limit for depositors to Rs 50,000 per …

Banking on bailouts: The Hindu Editorial on Yes Bank crisis
4 years, 10 months ago

Banking on bailouts: The Hindu Editorial on Yes Bank crisis

The Hindu  

Just one day after it placed the financially troubled Yes Bank under a moratorium, the Reserve Bank of India announced a draft ‘Scheme of Reconstruction’ that entails the State Bank of India investing capital to acquire a 49% stake in the restructured private lender. The alacrity with which the bailout has been proposed is commendable, given that Yes Bank’s stock …

Yes Bank | In RBI bailout, SBI to pick up 49% stake for ₹2,450 crore
4 years, 10 months ago

Yes Bank | In RBI bailout, SBI to pick up 49% stake for ₹2,450 crore

The Hindu  

The Reserve Bank of India on Friday announced a draft reconstruction scheme for the beleaguered Yes Bank, aimed at protecting depositors’ funds while bringing in the State Bank of India as an investor. The SBI, which had earlier said its Board was exploring an investment in Yes Bank, will pick up a 49% stake, according to the scheme. “The members …

Crisis at Yes Bank highlights governance risk in India's banking sector; RBI's decision may backfire: Fitch
4 years, 10 months ago

Crisis at Yes Bank highlights governance risk in India's banking sector; RBI's decision may backfire: Fitch

India TV News  

The RBI superseding the board of Yes Bank casts light on governance risks in India's banking sector, Fitch Ratings said on Friday. "The Reserve Bank of India takeover of Yes Bank casts light on governance risks in India's banking sector," Fitch Ratings, which has a negative outlook on India's banking sector, said in a statement. "This could overshadow the central …

SBI to pick up 49 per cent stake in Yes Bank
4 years, 10 months ago

SBI to pick up 49 per cent stake in Yes Bank

India TV News  

State Bank of India will pick up 49 per cent stake in the crisis-ridden Yes Bank under a government-approved bailout plan, with Finance Minister Nirmala Sitharaman assuring that depositors' money is safe. A day after imposing moratorium on Yes Bank and restricting withdrawals, the RBI on Friday evening issued a draft reconstruction scheme for the private sector lender and said …

Want to assure every depositor's money is safe: Sitharaman on Yes Bank crisis
4 years, 10 months ago

Want to assure every depositor's money is safe: Sitharaman on Yes Bank crisis

India TV News  

Finance Minister Nirmala Sitharaman on Yes Bank crisis Friday said that the RBI Governor has assured her there will be no loss to any Yes Bank depositor, a day after the central bank imposed a moratorium on the banking institution. Further speaking on the crisis, Sitharaman said, "Both RBI and the government is looking at Yes Bank issue in detail, …

Yes Bank Stock Crashes Over 70% After RBI Takes Charge; Rahul Gandhi Attacks PM Modi Over Crisis
4 years, 10 months ago

Yes Bank Stock Crashes Over 70% After RBI Takes Charge; Rahul Gandhi Attacks PM Modi Over Crisis

ABP News  

Modi and his ideas have destroyed India’s economy. #NoBank — Rahul Gandhi March 6, 2020 While Moody's expects Indian authorities will take steps to prevent the weakness in the bank's viability from significantly impacting its depositors and senior creditors, the lack of a coordinated and timely action highlights continued uncertainty around bank resolutions in India. : Shares of Yes Bank …

YES Bank Crisis: After PMC Bank, It's YES Bank Now, Which Is Next? Asks Chidambaram
4 years, 10 months ago

YES Bank Crisis: After PMC Bank, It's YES Bank Now, Which Is Next? Asks Chidambaram

ABP News  

New Delhi: Former Finance Minister and Congress leader P Chidambaram flayed the government for its inability to govern and regulate financial institutions. His statement came after Yes Bank was placed under a moratorium, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board. Let's see what unfolds now,”he told reporters at the …

Who is Prashant Kumar, Yes Bank's newly appointed administrator
4 years, 10 months ago

Who is Prashant Kumar, Yes Bank's newly appointed administrator

India TV News  

Former SBI's chief financial officer, Prashant Kumar has been appointed as the new administrator of Yes Bank after a moratorium has been imposed by the RBI on the bank and withdrawal limit to its customers has been capped at Rs 50,000. Former SBI employee Prashant Kumar, who joined SBI in 1983 and worked under a number of portfolios, has now …

Yes Bank resolution will be done very swiftly; 30 days is outer limit: RBI Governor
4 years, 10 months ago

Yes Bank resolution will be done very swiftly; 30 days is outer limit: RBI Governor

India TV News  

RBI Governor Shaktikanta Das on Friday said that the Yes Bank resolution will be done very swiftly and will soon come out with a scheme to revive the capital-starved Bank within the outer limit of 30 days. He also said that the decision of imposing a moratorium on Yes Bank was taken at a "larger level" and not at the …

Moratorium on Yes Bank credit negative: Moody's
4 years, 10 months ago

Moratorium on Yes Bank credit negative: Moody's

India TV News  

The Reserve Bank on India's moratorium and withdrawal cap on Yes Bank is credit negative, and the lack of coordinated action highlights continued uncertainty around bank resolutions, Moody's Investors Service said on Friday. The central bank on Thursday imposed a moratorium on the capital-starved Yes Bank, capping withdrawals at Rs 50,000 per account and superseded the board of the private …

Moratorium on Yes Bank credit negative: Moody’s
4 years, 10 months ago

Moratorium on Yes Bank credit negative: Moody’s

The Hindu  

The Reserve Bank on India’s moratorium and withdrawal cap on Yes Bank is credit negative, and the lack of coordinated action action highlights continued uncertainty around bank resolutions, Moody’s Investors Service said on Friday. While Moody’s expects Indian authorities will take steps to prevent the weakness in the bank’s viability from significantly impacting its depositors and senior creditors, the lack …

After PMC, Yes Bank is there a third bank in line? Chidambaram questions FM Nirmala Sitharaman
4 years, 10 months ago

After PMC, Yes Bank is there a third bank in line? Chidambaram questions FM Nirmala Sitharaman

India Today  

Former Finance Minister P Chidambaram on Friday took a sharp dig at Finance Minister Nirmala Sitharaman over the YES Bank crisis and accused her ministry of being unable to govern and regulate financial institutions. "When overall bank credit during the above period grew by about 10 per cent, how did YES BANK's loan book grow by about 35 per cent?" …

Yes Bank crisis: Rahul Gandhi attacks Modi, says PM and his ideas have destroyed economy
4 years, 10 months ago

Yes Bank crisis: Rahul Gandhi attacks Modi, says PM and his ideas have destroyed economy

India Today  

In wake of the Yes Bank crisis after the Reserve Bank of India placed restrictions following which its shares fell sharply, Congress leader Rahul Gandhi slammed the Narendra Modi government for destroying the economy. #NoBank Rahul Gandhi March 6, 2020 Rahul gandhi's tweet hitting out at the Centre came a day after the RBI placed capital-starved Yes Bank under a …

Yes Bank crisis: I have no clue, says founder Rana Kapoor
4 years, 10 months ago

Yes Bank crisis: I have no clue, says founder Rana Kapoor

India Today  

Yes Bank founder and former MD Rana Kapoor has said that he has no clue about developments which forced Reserve Bank of India to impose a moratorium on the private lender. Once a driving force behind Yes Bank, Rana Kapoor sold his last remaining stake in the private sector lender in November 2019. Rana Kapoor was instrumental in taking Yes …

Yes Bank crisis: Amit Malviya hits back at Rahul Gandhi, says Chidambaram responsible for mess
4 years, 10 months ago

Yes Bank crisis: Amit Malviya hits back at Rahul Gandhi, says Chidambaram responsible for mess

India Today  

Moments after former Congress president Rahul Gandhi attacked the Narendra Modi government and held it responsible for "destroying Indian economy" by citing the latest Yes Bank crisis, BJP leader and the party's national IT in-charge Amit Maviya said it is the Congress that is responsible for this current crisis. #NoBank Rahul Gandhi March 6, 2020 Hitting back at Rahul Gandhi, …

No Yes Bank, says Rahul Gandhi, accuses govt of destroying economy
4 years, 10 months ago

No Yes Bank, says Rahul Gandhi, accuses govt of destroying economy

India Today  

The Congress on Friday slammed the central government over the moratorium placed on Yes Bank, saying the difference between a "doctor" and a "quack" can be seen in Manmohan Singh's financial management in the UPA era and the economic "collapse" under Prime Minister Narendra Modi's watch. "No Yes Bank," Congress leader Rahul Gandhi said, taking a dig at the BJP-led …

Yes Bank put under moratorium till April 3
4 years, 10 months ago

Yes Bank put under moratorium till April 3

The Hindu  

The government has put private sector lender Yes Bank under moratorium till April 3 and capped the deposit withdrawal at ₹50,000 after severe deterioration of the bank’s financial position. Following the moratorium, the Reserve Bank of India superseded the board of the bank and appointed Prashant Kumar, the deputy managing director and chief financial officer of State Bank of India, …

Yes Bank put under moratorium till April 3
4 years, 10 months ago

Yes Bank put under moratorium till April 3

The Hindu  

The government has put private sector lender Yes Bank under moratorium till April 3 and capped deposit withdrawal at ₹50,000 after severe deterioration of the bank’s financial position. While assuring depositors of the bank that there is no need to panic, RBI said it will explore and draw up a scheme in the next few days for the bank’s reconstruction …

SBI to buy stake in Yes Bank, announcement expected soon: Report
4 years, 10 months ago

SBI to buy stake in Yes Bank, announcement expected soon: Report

Live Mint  

The Indian government has approved a plan for the nation’s biggest lender, State Bank of India, to lead a consortium that will buy a stake in troubled Yes Bank Ltd., according to people with knowledge of the matter. Representatives for Yes Bank and State Bank didn’t immediately reply to emails seeking comment. Yes Bank’s shares jumped 12.8% in Mumbai on …

Sachin Bansal resigns from Ujjivan Small Finance board. Full text of his letter
4 years, 11 months ago

Sachin Bansal resigns from Ujjivan Small Finance board. Full text of his letter

Live Mint  

Sachin Bansal has resigned as an independent director of Ujjivan Small Finance Bank. The Flipkart co-founder said that he is resigning from Ujjivan Small Finance Bank's board "in the interest of propriety and corporate governance as an entity owned and controlled by him has made an application to the Reserve Bank of India for a universal banking license." Ujjivan Small …

SBI chairman Rajnish Kumar says Yes Bank ‘will not be allowed to fail’
4 years, 11 months ago

SBI chairman Rajnish Kumar says Yes Bank ‘will not be allowed to fail’

Live Mint  

The head of India’s biggest lender said he’s certain “some solutions will emerge” to steady Yes Bank Ltd., which has been on a prolonged quest to raise new capital. “Yes Bank is a significant player in the market with an almost $40 billion balance sheet,” State Bank of India Chairman Rajnish Kumar told Bloomberg Television in Davos. However, last month …

Yes Bank independent director Uttam Agarwal resigns citing 'deteriorating practices'
5 years ago

Yes Bank independent director Uttam Agarwal resigns citing 'deteriorating practices'

India TV News  

Yes Bank's independent director Uttam Prakash Agarwal has resigned citing "serious concerns" on "deteriorating practices" and the state of affairs at the private sector lender. "I hereby tender my resignation from the office of the Independent Director of Yes Bank as also Chairman of Audit Committee and Member of all other Committees of the Board with immediate effect," he said …

Yes Bank shares tumble 5% ahead of board meeting; lender to finalise, approve proposed capital infusion
5 years, 1 month ago

Yes Bank shares tumble 5% ahead of board meeting; lender to finalise, approve proposed capital infusion

Firstpost  

Shares of Yes Bank on Tuesday declined by over 5 percent ahead of the board meeting later in the day to finalise and approve the proposed capital infusion New Delhi: Shares of Yes Bank on Tuesday declined by over 5 percent ahead of the board meeting later in the day to finalise and approve the proposed capital infusion. The bank …

Yes Bank shares climb over 3% after eight investors evince interest to pump $2 bn into private sector lender
5 years, 1 month ago

Yes Bank shares climb over 3% after eight investors evince interest to pump $2 bn into private sector lender

Firstpost  

New Delhi: Shares of Yes Bank on Monday climbed over 3 percent after the company said eight investors have evinced interest to pump $2 billion into the capital-starved private sector lender. Ending weeks of suspense, Yes Bank on Friday said eight investors led by Erwin Singh Braich have evinced interest to pump $2 billion into the lender. The investors who …

RBI asks Yes Bank to review audit panel chief’s status
5 years, 1 month ago

RBI asks Yes Bank to review audit panel chief’s status

Live Mint  

Mumbai: The Reserve Bank of India has asked Yes Bank Ltd to re-examine the “fit and proper” status of the lender’s audit committee chairman Uttam Prakash Agarwal after it was found that he had failed to disclose details of criminal cases filed against him, according to three people familiar with the matter. Based on the re-examination, the decision taken by …

Rana Kapoor’s stake in Yes Bank falls 0.8% more
5 years, 1 month ago

Rana Kapoor’s stake in Yes Bank falls 0.8% more

Live Mint  

Mumbai: Private lender Yes Bank Ltd.’s promoter Rana Kapoor now holds 100 million shares or 3.92% stake in the bank after Kapoor family-owned promoter entity YES Capital Pvt. Kapoor now holds 3.92% stake in Yes Bank directly and 900 shares through Yes Capital following the share sale. Kapoor family’s stake in the bank has been steadily coming down over the …

Yes Bank says it has $3 billion worth of offers on table
5 years, 2 months ago

Yes Bank says it has $3 billion worth of offers on table

Live Mint  

Mumbai: Private sector lender Yes Bank has received offers of $3 billion from potential investors, including the recently-announced $1.2 billion from a North American family office, said Ravneet Gill, chief executive of the bank. Speaking to a small group of reporters late on Friday evening, Gill said that the bank has non-binding offers from two domestic mutual funds, six global …

Yes Bank appoints Anita Pai as COO, Jasneet Bachal as CMO
5 years, 3 months ago

Yes Bank appoints Anita Pai as COO, Jasneet Bachal as CMO

Live Mint  

New Delhi: Yes Bank Ltd appointed Anita Pai as chief operating officer and Jasneet Bachal as chief marketing officer, the bank said in an exchange filing on Thursday. Pai, who was senior general manager and head of ATM business at ICICI Bank Ltd, will lead the bank’s operations and service delivery. The bank’s stock has been losing value every day …

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