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YES Bank tanks 13% after UBS raises alarm
Posted on 14th June 2019
YES Bank on Thursday witnessed a sharp fall in its stock prices after foreign brokerage UBS cut target price.

The stock plummeted 12.96% after UBS cut price target by 47%, as it expects more stress on the bank's asset quality.

YES Bank dips 6% to hit 40-month low as global brokerage downgrades stock
Posted on 13th June 2019
Shares of YES Bank hit a 40-month low of Rs 126, down 6 per cent on the BSE in the early morning trade on Thursday after reports said global brokerage firm UBS has cut the target price of private sector lender to Rs 90 from Rs 170.

The stock was trading at its lowest level since January 20, 2016, when it touched Rs 126.44 in the intra-day trade.

Yes Bank, ZipCash face RBI fine for violating PPI norms
Posted on 12th June 2019
The Reserve Bank of India said Tuesday that it has imposed a penalty on two prepaid payment instrument (PPI) issuers Yes Bank and ZipCash Card Services for non-compliance with regulatory norms.

A penalty of ₹11.25 lakh each has been imposed on the two PPI issuers, according to an RBI release.

Moody’s places Yes Bank under review for downgrade; here’s what weighs on private lender
Posted on 11th June 2019
Rating agency Moody’s on Tuesday placed Yes Bank under review for downgrade, owing to the private-sector lender’s exposure to weak companies in the financial sector. The ongoing liquidity pressure on the country’s finance companies is likely to impact credit profile, the rating agency also said in a note. The private sector lender has ‘sizeable exposure’ to weaker non banking financial companies (NBFCs), it added.

YES Bank falls 13% in three days; hits over 3-year low on BSE
Posted on 10th June 2019
Shares of YES Bank were trading lower for the third straight session in the afternoon trade on Monday. The stock was down 5 per cent at Rs 133 per share, on concerns of eroding balance sheet strength, rising non-performing assets (NPAs), capital raising concerns and weak visibility of profits.

YES Bank begins provisioning for exposure to ADAG, Essel group firms
Posted on 22nd May 2019
YES Bank, which has exposures to Anil Ambani's Reliance group and Essel group companies, has started making provisions for loans given to both entities. The provisioning began after rating agencies downgraded debt instruments of both groups.

YES Bank has an exposure of Rs 13,000 crore to Reliance group entities and another Rs 3,300 crore to Essel group companies, according to analysts.

YES Bank claws back Rs 1.44-crore performance bonus of ex-MD Rana Kapoor
Posted on 17th May 2019
YES Bank retracted the performance bonus of Rs 1.44 crore of former Managing Director and Chief Executive Officer Rana Kapoor, whose term was cut short by the Reserve Bank of India (RBI) in October last year.

“The board of directors of the bank had considered and approved clawback of 100 per cent of the performance bonus paid to Mr. Rana Kapoor for FY 2014-15 (FY15) and FY16, net of taxes.

RBI’s ex-deputy governor on Yes Bank board shows things are worse than they look
Posted on 16th May 2019
It’s no secret that India’s banking regulator hates having its officials sit on the boards of state-run lenders. The practice exposes the Reserve Bank of India to all kinds of potential conflicts it would rather avoid. So when the RBI used its special powers to appoint a former deputy governor as a director of Yes Bank Ltd., a non-state lender, it sent a powerful signal: The bank’s troubles run deeper than investors believe, and a cleanup will probably be harder. The eventual solution may be to let the country’s 10th-largest bank by market value get swallowed by a bigger balance sheet.

YES Bank hits five-month low; stock tanks 44% in a month
Posted on 15th May 2019
YES Bank shares hit five-month low of Rs 149, down 5 per cent, on the BSE in early morning trade after the Reserve Bank of India (RBI) appointed former deputy governor Rama Subramaniam Gandhi as an additional director on the board of the private sector lender for two years.

The stock was trading at its lowest level since November 29, 2018, on the BSE.

YES Bank slips 2% after India Ratings downgrades its long-term ratings
Posted on 9th May 2019
Shares of YES Bank fell about 2.5 per cent to Rs 157 on the BSE during the early morning trade on Thursday after rating agency India Ratings (Ind-Ra) downgraded the bank’s long-term ratings even as it reaffirmed the short term rating.

The stock was trading close to its 52-week low of Rs 147 touched on November 29, 2018 in intra-day deal.

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