Yes Bank Q1 net profit up 30% to Rs 12.6 billion, asset quality falls
Posted on 26th July 2018 |
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Private sector lender Yes Bank's first quarter net profit rose 30 per cent on the back of rise in interest and other income as asset quality fell. The bank's net profit rose to Rs 12.6 billion in the quarter ended June, compared with Rs 9.65 billion in the year-ago quarter. The bank's net interest income, or the interest earned minus interest expended, rose 22 per cent on a year-on-year basis to Rs 22.19 billion. |
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YES Bank likely to rope in Suresh Soni for its mutual fund operations
Posted on 18th July 2018 |
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Private sector lender YES Bank may rope in Suresh Soni, former head of DHFL Pramerica AMC, to spearhead its foray into the Rs 23-trillion mutual fund industry. In early July, Yes Bank announced it had received the go-ahead from Securities and Exchange Board of India to start its mutual fund operations. Yes AMC will become the 43rd fund house to join the MF industry. |
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YES Bank gains 3% post SEBI's approval to launch mutual fund business
Posted on 5th July 2018 |
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Shares of YES Bank were trading 3% higher at Rs 346 per share on the BSE after the bank said that it has received the final regulatory approval (Certificate of Registration) from the Securities & Exchange Board of India (SEBI) to commence its mutual fund business. YES Bank was the top gainer among the S&P BSE Sensex and Nifty 50 stocks at 09:58 am. |
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Yes Bank, Goldman pay up
Posted on 30th June 2018 |
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New Delhi: Private sector lender Yes Bank and Goldman Sachs on Friday settled a Sebi probe into alleged violation of listing and disclosure norms as well as merchant banker regulations, respectively. Individually, Yes Bank has paid Rs 40.8 lakh, while Goldman Sachs (India) Securities has remitted Rs 20.80 lakh towards settlement fees, the regulator said in separate orders. |
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Yes Bank gets Sebi nod for custodian of securities business
Posted on 18th June 2018 |
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Yes Bank today said it has received approval from market regulator Securities and Exchange Board of India (Sebi) for acting as custodian of securities. Custodian of securities is a licence granted by Sebi to eligible entities allowing them to offer custodial services to financial market participants including foreign institutional investors (FIIs) and foreign portfolio investors (FPIs). |
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Yes Bank reappoints Rana Kapoor as CEO
Posted on 13th June 2018 |
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MUMBAI: Shareholders of Yes Bank on Tuesday approved the reappointment of Rana Kapoor as MD & CEO of the bank for a further period of three years effective September 1, 2018. The reappointment was one of the thirteen resolutions approved by the shareholders and is subject to final approval by the RBI. |
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Yes Bank CEO Rana Kapoor seeks approval for another 3-year term
Posted on 12th June 2018 |
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Rana Kapoor is seeking shareholder approval for another term as chief executive officer of Yes Bank Ltd., the Indian lender which has set records for both loan growth and the highest proportion of disputed bad debt among its top private-sector peers. Shareholders are due to vote Tuesday on whether to grant another three-year term to Kapoor, who has helmed Yes Bank since 2004. |
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SIDBI to expand MSME working capital portfolio, partners Yes Bank
Posted on 30th May 2018 |
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Small Industries Development Bank of India (SIDBI) is looking to expand its working capital portfolio and has partnered Yes Bank to cater working capital needs of its Micro, Small and Medium Enterprise (SME) clients. Under the pact, Yes Bank would provide various banking services, including working capital, to SIDBI customers at its pan-India branches, which currently number around 1100. |
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Yes Bank springs double surprise
Posted on 27th April 2018 |
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Mumbai: Private lender Yes Bank on Thursday beat Street estimates with net profits rising 29 per cent for the fourth quarter ended March 31, 2018, to Rs 1,179.4 crore from Rs 914.12 crore in the year-ago period. Analysts expected the bank to post net profits of around Rs 1,000 crore. |
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