As lock-in expires, Yes Bank rescuers may retain stakes
1 year, 9 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 made nearly 70% returns on their Yes Bank holdings over the last three years. After the Reserve Bank of India seized Yes Bank, eight financial institutions led by SBI infused ₹10,000 crore worth of equity into the bank on 13 March 2020 as part of a rescue plan. SBI had initially infused ₹6,050 crore to acquire a 49% stake in Yes Bank; however, its shareholding fell to 26.14% after private equity firms Carlyle and Advent invested in the bank last year.

Bank Yes Bank Stake Three Years Idfc First Bank Sbi  gradually  stake  bank  retain  expires  rescuers  rescue  lockin  investment  stakes  held  idfc  yes  banks

History of this topic

SBI aims to sell Yes Bank stake worth $2.2 billion by end-March: Report
4 months, 1 week 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 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
5 months, 2 weeks 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 rallies over 9.50 per cent amid reports of SBI offloading shares worth Rs 5,000-7,000 crore
10 months, 2 weeks 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 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 …

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 …

Stocks to Watch: Happiest Minds, HPCL, YES Bank, Edelweiss Financial Services, and Others
1 year, 9 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, 10 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 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 raises $1.1 billion, expansion plans on table
2 years, 4 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, 4 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 …

How the RBI got rid of Yes Bank’s Rana Kapoor
4 years, 1 month 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 …

Discover Related