YES Bank advances 4% after announcement of fund raising plan
Posted on 9th April 2019 |
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YES Bank shares rose 4 per cent to Rs 270 in intra-day trade on the BSE on Tuesday after the private lender announced fundraising plan by way of issuance of equity shares. The board of directors of the bank is scheduled to meet on April 26, 2019 to consider raising of funds by way of issuance of equity shares including but not limited through preferential issue and/or Qualified Institutions Placement (QIP)/ Global Depository Receipts (GDRs)/ American Depository Receipts (ADRs)/ Foreign Currency Convertible Bonds (FCCBs)/ or any other methods on private placement basis, YES Bank said in a BSE filing. |
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Flipkart India's most preferred workplace; Amazon, Oyo come next: LinkedIn
Posted on 3rd April 2019 |
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Walmart-owned Flipkart is the most preferred workplace in India, followed by Amazon and Oyo in the second and third places, respectively, according to a list compiled by professional social media network LinkedIn. Internet companies dominate the top 10 spots in LinkedIn's fourth edition of the '2019 Top Companies' list for India. |
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RBI slaps Rs 1 crore fine on Yes Bank for non-compliance in Swift operations
Posted on 5th March 2019 |
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Private sector lender Yes Bank Tuesday said the Reserve Bank of India has slapped a fine of Rs 1 crore on the bank for non-compliance of directions on Swift messaging software. “The Reserve Bank of India (RBI)… has levied an aggregate penalty of Rs 10 million (Rs 1 crore) on the bank for non-compliance of regulatory directions observed during assessment of implementation of SWIFT-related operational controls,” Yes Bank said in a regulatory filing. |
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Ravneet Gill takes charge as YES Bank MD & CEO, succeeds Rana Kapoor
Posted on 2nd March 2019 |
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Ravneet Gill took charge as managing director (MD) and chief executive officer (CEO) of YES Bank on Friday for a three-year term, subject to shareholder approval. A career banker with a long innings at Deutsche Bank, Gill comes in place of Rana Kapoor, the bank’s co-promoter and former MD and CEO. |
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Moody's changes YES Bank's outlook to stable, stock gains over 2%
Posted on 21st February 2019 |
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Ratings agency Moody’s changed the outlook for YES Bank from negative to stable on Wednesday, citing the bank’s zero divergence report and stable financial performance. Moody’s affirmed YES Bank’s foreign currency issuer rating of Ba1, the bank's foreign and local currency bank deposit ratings of Ba1/NP, foreign currency senior unsecured MTN program rating of (P)Ba1, and Baseline Credit Assessment (BCA) and adjusted BCA of ba2, along with other ratings. |
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Yes Bank shares falls sharply as RBI censures selective disclosure
Posted on 18th February 2019 |
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Mumbai: Yes Bank Ltd. fell after India’s central bank reprimanded it for selectively revealing a “confidential" report by the regulator that led to a 30 percent surge in the lender’s shares Thursday. The regulator called the disclosure a “deliberate attempt" to mislead the public. |
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YES Bank violated rules by revealing nil divergence report, says RBI
Posted on 16th February 2019 |
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The Reserve Bank of India (RBI) has warned YES Bank that it might face regulatory action for allegedly violating a confidentiality clause by disclosing a nil divergence report. In a letter to the private lender, the regulator said the bank had violated regulatory guidelines in the press release where it had made this disclosure last week.
Nil divergence is not an achievement to be published and is only compliance with the extant Income Recognition and Asset Classification norms, said the RBI’s letter. |
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Yes Bank shares zoom 30% after RBI clears lender of divergence; should you buy or sell stock?
Posted on 14th February 2019 |
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Shares of India’s major private sector lender Yes Bank surged in trade on Thursday morning after the RBI cleared the bank of divergence. Yes Bank share price gained by nearly 30% to hit the day’s high at Rs 220.25 on NSE this morning. Yes Bank said yesterday that the RBI has not found any divergence in the asset classification and provisioning done during 2017-18. |
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Yes Bank appoints Ajai Kumar as interim CEO; all about veteran banker
Posted on 31st January 2019 |
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Yes Bank on Thursday appointed Ajai Kumar as interim MD & CEO with effect from February 1 this year. He has been appointed till Ravneet Gill joins office, Yes Bank said in a regulatory filing. Rana Kapoor will demit office as MD & CEO of YES BANK on January 31, 2019 upon completion of his term, the private lender said in an exchange filing. |
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YES Bank net profit falls 7% to Rs 1,002 crore; Ravneet Gill named MD & CEO
Posted on 24th January 2019 |
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YES Bank on Thursday reported a 6.9 per cent YoY fall in its net profit at Rs 1,001.85 crore for third quarter (October-December) of FY19. It had posted PAT of Rs 1,076.87 crore in the year-ago period. Sequentially, the figures grew 3.9 per cent. The bank also announced Ravneet Gill as the MD and CEO w.e.f from March 1, 2019. Currently, Ravneet Gill is the CEO of Deutsche Bank India. The bank said its board will convene on January 29, 2019 to finalise the interim transition. |
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