Yes Bank Q2 loss at ₹600 crore on deferred tax asset adjustment
5 years, 2 months ago

Yes Bank Q2 loss at ₹600 crore on deferred tax asset adjustment

Live Mint  

Mumbai: Private sector lender Yes Bank on Friday reported a net loss of ₹600 crore for the three months to September primarily owing to a one-time deferred-tax asset adjustment of ₹709 crore. Accordingly, the bank has recognized provision for Income Tax for quarter and half year ended 30 September, 2019 and re-measured its deferred tax assets.,” it said in notes accompanying the financial result. The private sector lender’s asset quality deteriorated in the September quarter of FY20 as its gross bad loan ratio or bad loans as a percentage of advances rose 579 bps y-o-y and 238 bps sequentially. Yes Bank said the gross non-performing assets for Q2 FY20 jumped to 7.39 per cent from 5.01 per cent in Q1 FY20 and 1.6 per cent in Q2 FY19.

Tax Bank Crore Cent Quarter Yes Bank Net Bps  yoy  600  deferred  q2  tax  net  adjustment  asset  yes  crore  quarter  banks  cent  loss  bps  bank  gross

History of this topic

Yes Bank Share Price Today on 29-11-2024: Yes Bank share price are down by -1.33%, Nifty up by 0.9%
1 month, 2 weeks ago

Yes Bank Share Price Today on 29-11-2024: Yes Bank share price are down by -1.33%, Nifty up by 0.9%

Live Mint  

Yes Bank Share Price Today on 29-11-2024: At 29 Nov 11:22 today, Yes Bank shares are trading at price ₹20.09, -1.33% down from the previous closing price. On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA & face resistance at …

Yes Bank Share Price Today on 25-11-2024: Yes Bank share price are up by 2.03%, Nifty up by 1.72%
Top News
1 month, 3 weeks ago

Yes Bank Share Price Today on 25-11-2024: Yes Bank share price are up by 2.03%, Nifty up by 1.72%

Live Mint  

Yes Bank Share Price Today on 25-11-2024: At 25 Nov 11:00 today, Yes Bank shares are trading at price ₹19.61, 2.03% up from the previous closing price. The stock will have support at 5 days SMA & face resistance at 10,20,50,100,300 days SMA The SMA values for the stock are given below : Days Simple Moving Average 5 19.30 10 …

Yes Bank Share Price Today on 13-11-2024: Yes Bank share price are down by -3.34%, Nifty down by -1.36%
2 months ago

Yes Bank Share Price Today on 13-11-2024: Yes Bank share price are down by -3.34%, Nifty down by -1.36%

Live Mint  

Yes Bank Share Price Today on 13-11-2024: At 13 Nov 16:00 today, Yes Bank shares are trading at price ₹19.09, -3.34% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Yes Bank Share Price Today on 07-11-2024: Yes Bank share price are down by -0.24%, Nifty down by -1.16%
2 months, 1 week ago

Yes Bank Share Price Today on 07-11-2024: Yes Bank share price are down by -0.24%, Nifty down by -1.16%

Live Mint  

Yes Bank Share Price Today on 07-11-2024: At 07 Nov 16:00 today, Yes Bank shares are trading at price ₹20.79, -0.24% down from the previous closing price. On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA & face resistance at …

Canara Bank Reports 11.31% Net Profit Growth in Q2 FY25
2 months, 2 weeks ago

Canara Bank Reports 11.31% Net Profit Growth in Q2 FY25

The Hindu  

Canara Bank reports a strong Q2 performance with a 11.31% increase in net profit to ₹4,014 crore. The bank's net interest income also saw a significant rise, reaching ₹9,315 crore, compared to ₹8,903 crore in the corresponding quarter last year. The bank's NPAs have been reduced significantly, with the MSME sector NPA ratio dropping to 7.1% in Q2, down from …

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 clarifies on ‘stake sale’ report, calls it ‘factually incorrect’; stock up 2.5%
6 months, 1 week ago

Yes Bank clarifies on ‘stake sale’ report, calls it ‘factually incorrect’; stock up 2.5%

Live Mint  

Yes Bank share price rose about 2.5% on Tuesday's session after the most prominent private lender explained that the news regarding the sale of the 51% interest is solely speculative and is factually incorrect. A media reportstated that the RBI had granted its in-principle clearance for up to 51% of Yes Bank's shares to be purchased by a suitable new …

Yes Bank share price rises 8% today after strong Q4 results
8 months, 2 weeks 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, 2 weeks 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, 2 weeks 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 rallies over 9.50 per cent amid reports of SBI offloading shares worth Rs 5,000-7,000 crore
11 months, 1 week 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 jump 6% after NPA portfolio update. Details here
1 year, 2 months 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 …

Bank of Maharashtra Q1 net profit jumps 95% to ₹882 crore; NII rises 39% YoY
1 year, 5 months ago

Bank of Maharashtra Q1 net profit jumps 95% to ₹882 crore; NII rises 39% YoY

Live Mint  

Bank of Maharashtra, the state-run lender, reported a standalone net profit of ₹882.08 crore in the first quarter of FY24, recording a sharp growth of 95.2% from ₹451.90 crore in the corresponding quarter of last fiscal. Net Interest Income, which is the difference between interest earned and interest expended, during Q1FY24 rose 38.8% to ₹2,339.7 crore from ₹1,685.7 crore, YoY. …

Yes Bank Q4FY23 results: Net profit dips 45% despite 25% rise in total income
1 year, 8 months ago

Yes Bank Q4FY23 results: Net profit dips 45% despite 25% rise in total income

Live Mint  

Yes Bank has announced its Q4FY23 results on Saturday reporting dip in net profit from 367.46 crore to ₹202.43 crore in Q4FY23, logging near 45 per cent decline in year-on-year basis. However, on quarter-to-quarter basis, Yes Bank reported around 293 per cent rise against Q3FY23 net profit of ₹51.52 crore. In FY23, Yes Bank posted 19.46 per cent rise in …

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, 10 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 …

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 …

Bandhan Bank sees sharp decline in Q3 net profit; NII down 2% on-year
1 year, 11 months ago

Bandhan Bank sees sharp decline in Q3 net profit; NII down 2% on-year

Live Mint  

Private lender Bandhan Bank has reported a muted third quarter with net profit at ₹290.6 crore, down 66% on-year, owing to a decline in net interest income and higher provisioning. The net interest income fell 2% during the third quarter to ₹2,080.4 crore as against ₹2,124.7 crore in the same quarter last year. Non-interest income grew by 45% to ₹1,033.3 …

YES Bank Shares Skyrocket 27% in 3-Days; More Steam Left After the Staggering Rally?
2 years, 1 month 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 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 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 …

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 …

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 …

Yes Bank shares gain nearly 4% after ratings upgrade
4 years, 5 months ago

Yes Bank shares gain nearly 4% after ratings upgrade

Live Mint  

Shares of Yes Bank on Tuesday gained nearly 4% after Moody's Investors Service said it has upgraded the company's long-term foreign currency issuer rating by a notch. Moody's Investors Service on Monday said it has upgraded Yes Bank's long-term foreign currency issuer rating by a notch to 'B3' from 'Caa1' after a ₹15,000-crore capital raising. "Moody's has upgraded the bank's …

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 …

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 …

Q4 results impact: Yes Bank shares zoom 20% after lender posts Rs 2,629-cr profit, HCL Tech jumps over 4%
4 years, 8 months ago

Q4 results impact: Yes Bank shares zoom 20% after lender posts Rs 2,629-cr profit, HCL Tech jumps over 4%

Firstpost  

Shares of Yes Bank on Thursday zoomed 20 percent after the company reported a net profit of Rs 2,629 crore for the March quarter New Delhi: Shares of Yes Bank on Thursday zoomed 20 percent after the company reported a net profit of Rs 2,629 crore for the March quarter. Yes Bank on Wednesday reported a net profit of Rs …

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 …

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 …

Yes Bank Added Over 90% of Bad Loans During First 9 Months of FY20
4 years, 9 months ago

Yes Bank Added Over 90% of Bad Loans During First 9 Months of FY20

The Quint  

Of the gross bad loans on the books of Yes Bank at end of December 2019, the bulk of loans – Rs 30,447.97 crore – were categorised as sub-standard, meaning the payments towards principal and interest remained irregular or overdue for more than 90 days and were classified as bad for a period of 12 months from the date of …

Moratorium on Yes Bank to be lifted on March 18
4 years, 10 months ago

Moratorium on Yes Bank to be lifted on March 18

The Hindu  

The government has notified the reconstruction scheme for crisis-hit Yes Bank, according to which the r estrictions on withdrawals from its accounts will be lifted in “three working days” or on March 18. Watch | Yes Bank crisis explained Prior to this, on March 5, the RBI placed Yes Bank under a moratorium, restricting withdrawals to ₹50,000 per depositor till …

Yes Bank crisis: Moratorium to be lifted on March 18, rescue plan notified
4 years, 10 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 …

Yet another case against Yes Bank’s Rana Kapoor
4 years, 10 months ago

Yet another case against Yes Bank’s Rana Kapoor

The Hindu  

The Central Bureau of Investigation on Friday conducted searches in another case against Rana Kapoor, the then Yes Bank promoter director, his wife Bindu and others in connection with alleged illegal gratification of ₹307 crore for concessions in loan repayments and more credit facilities to Avantha Group companies. Yes Bank had already extended credit facilities of about ₹2,500 crore to …

Four private lenders join Yes Bank rescue
4 years, 10 months ago

Four private lenders join Yes Bank rescue

The Hindu  

Private sector lenders, including ICICI Bank and HDFC, will pick up stake in the troubled private sector lender Yes Bank. While ICICI Bank and HDFC said they would invest ₹1,000 crore each in Yes Bank for about 5% stake each, Axis Bank pegged its investment at ₹600 crore and Kotak Mahindra Bank at ₹500 crore. In a notification to the …

Yes Bank: CBI registers case against founder Rana Kapoor
4 years, 10 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, 10 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 …

Yes Bank crisis: Bad loans worth Rs 20,000 crore granted on Rana Kapoor's direction
4 years, 10 months ago

Yes Bank crisis: Bad loans worth Rs 20,000 crore granted on Rana Kapoor's direction

India Today  

The total exposure of Yes Bank could be over 2.25 lakh crore but of that, the non-performing assets are reportedly around Rs 42,000 crore. As per officials of the Enforcement Directorate, interrogating Yes Bank founder Rana Kapoor, of these Rs 42,000 crore loans that turned into NPAs, Rs 20,000 crore were allegedly offered to some corporate companies and Non-Banking Financial …

The public unravelling of Yes Bank
4 years, 10 months ago

The public unravelling of Yes Bank

The Hindu  

On Sunday, the Enforcement Directorate arrested Yes Bank’s swashbuckling co-promoter Rana Kapoor, accusing him and his family of using shell companies to receive kickbacks from the bank’s corporate borrowers. The RBI’s asset quality review had forced Yes Bank, as it had several other banks, to report transparently their previously unstated non-performing assets. The RBI found that for the year ended …

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 …

Customers sensed all was not well with Yes Bank, withdrew ₹18,110 cr deposits during Mar-Sep 2019
4 years, 10 months ago

Customers sensed all was not well with Yes Bank, withdrew ₹18,110 cr deposits during Mar-Sep 2019

The Hindu  

Deposits at Yes Bank witnessed a steady decline during the March-September period last year as customers withdrew over ₹18,100 crore, in a reflection of falling confidence in the bank. Data | The Yes Bank crisis explained in six charts Yes Bank, which has been put under a moratorium by the Reserve Bank till April 3, during which customers are not …

Yes Bank founder Rana Kapoor laundered ₹4,300 cr black money, says ED
4 years, 10 months ago

Yes Bank founder Rana Kapoor laundered ₹4,300 cr black money, says ED

Live Mint  

While seeking the custody of Yes Bank founder Rana Kapoor, the Enforcement Directorate contended that prima facie he was involved in generating ₹4,300 crore in black money and "laundering" the amount. Simultaneously, it was also revealed that DHFL sanctioned a ₹600 crore loan to DUVIPL, run by Kapoor's daughters — Roshni Kapoor, Radha Kapoor-Khanna and Raakhee Kapoor-Tandon — who are …

Yes Bank debt writedown to hit sector capital-raising; some investors plan to challenge central bank’s move: Analysts
4 years, 10 months ago

Yes Bank debt writedown to hit sector capital-raising; some investors plan to challenge central bank’s move: Analysts

Firstpost  

Yes Bank had about Rs 8,800 crore in AT1 capital as of March 2019, its annual report showed, under the Basel III framework. Mumbai/Hong Kong: The unexpected writedown of some bonds issued by crisis-hit Indian lender Yes Bank as part of a state-led rescue is set to raise borrowing costs and make capital-raising tougher for other banks, investors and analysts …

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