Idea Cellular, Yes Bank gain on inclusion in Nifty
Posted on 23rd February 2015 |
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Shares of Idea Cellular and Yes Bank have gained up to 1% on the BSE after the National Stock Exchange included these stocks in its benchmark index Nifty. However, these two firms will replace DLF and Jindal Steel & Power in the 50-unit Nifty index which declined up to 1.5% on the BSE. |
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Idea Cellular, Yes Bank to replace DLF and Jindal Steel and Power in Nifty
Posted on 21st February 2015 |
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Mumbai: Idea Cellular Ltd and Yes Bank Ltd will replace DLF Ltd and Jindal Steel and Power Ltd in the benchmark Nifty index , according to a statement issued by India Index Services and Products Ltd, a subsidiary of the National Stock Exchange of India Ltd (NSE). The changes made by the index maintenance sub-committee are part of its periodic review and will become effective from 27 March, it said. Apart from changes in the Nifty, revisions have been made in 21 other sectoral and theme-based indices of the exchange. |
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Yes Bank to raise Rs 500 cr for green energy projects
Posted on 16th February 2015 |
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Private sector lender Yes Bank today said it will be raising Rs 500 crore through issuance of "green infrastructure bonds", which will be deployed to fund renewable energy and energy efficiency projects. The bank claimed it is the first such issue in the country and the money will be used to fund solar power, wind power, biomass, and small hydel projects. |
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Yes Bank hits record high; JPMorgan upgrades stock to 'overweight'
Posted on 27th January 2015 |
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Private lender Yes Bank shares touch all-time high of Rs 882 in the intra-day trade of Monday. This was the highest level the stock touched since it debut in 2005. JPMorgan said that it has upgraded the private lender to 'overweight" from 'underweight' |
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YES Bank plans to seek regulator nod for entering mutual fund business
Posted on 16th January 2015 |
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Private sector lender YES Bank plans to seek approval from regulators for entering into the asset management and primary dealership business. “With a view to complete the overall bouquet of financial products to its customer franchise, the bank plans to set up an asset management company (AMC), primarily to channelise the savings of retail investors in equity and debt capital markets. |
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HDFC Bank loses its Casa-leader slot
Posted on 10th December 2014 |
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When most private sector banks have seen the share of low-cost current account and savings account (Casa) deposits grow in their deposits pool, HDFC Bank, the country’s second largest private sector lender, has witnessed a fall in the share of Casa in the same period. At the end of March 2013, Casa ratio in total deposits was at 47.4 per cent, which in the next six months slipped to 45 per cent (September 2013). At the end of March 2014, the ratio declined marginally to 44.8 per cent. It dipped to 43.2 per cent in quarter ended September 2014. |
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Now, use your debit card for inter-bank fund transfers at ATM centres
Posted on 8th December 2014 |
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If you need to transfer money from, say, your YES Bank account to a customer of Union Bank of India, you can now do so through your debit card, by visiting an automated teller machine (ATM). Union Bank of India, Canara Bank, Andhra Bank, Saraswat Co-operative Bank and YES Bank have come together to allow inter-bank fund transfers through debit cards. “For this card-to-card transfer, a customer has to go to the ATM and just punch in the debit card number of the person to whom he or she wishes to transfer money. You have to type the 16-digit debit card number of that person in the ATM and the amount you want to transfer. Immediately, once you confirm ok, your account gets debited and the other person’s account linked to the card gets credited. This is an instant fund transfer,” said a senior Union Bank of India official, explaining the transfer process. |
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Banking shares dip on profit booking
Posted on 25th November 2014 |
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Shares of most of the frontline banks are trading lower between 1-4% on profit booking after rallying 20% in past one and half months. Canara Bank, Bank of India, Federal Bank, Yes Bank, Punjab National Bank, Kotak Mahindra Bank, ICICI Bank and Bank of Baroda are down between 2-4%, while State Bank of India (SBI), IndusInd Bank and Axis Bank are down 1% each on the National Stock Exchange (NSE). |
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Every second stock has doubled in past 15 months
Posted on 25th November 2014 |
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According to an analysis by Business Standard, about half (428) the 836 stocks in the BSE 500, BSE small-cap and BSE mid-cap indices have doubled in the past 15 months. During this period, the benchmark indices — the BSE Sensex and the National Stock Exchange Nifty — have gained about 60 per cent. Experts said investor sentiment and valuations had hit rock-bottom last year due to weak domestic macro fundamentals. A subsequent improvement in investor sentiment and return of risk appetite had aided the market across the board. |
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Yes Bank gains as RBI allows FIIs to buy shares
Posted on 21st November 2014 |
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Shares of Yes Bank is trading higher by 4% at Rs 700 on NSE after the Reserve Bank of India (RBI) said foreign institutional investors (FIIs) can buy equity shares in private lender as shareholding by foreign investors has gone below the prescribed limit. On November 20, the RBI notified that it has removed Yes Bank from its caution list as the aggregate share holdings in bank by Foreign Institutional Investors (FII)/Registered Foreign Portfolios Investors (RFPI)/Non-Resident Indians (NRI)/Persons of Indian Origin (PIO) and through American Depository Receipts (ADR)/Global Depository Receipts (GDR)/Foreign Direct Investment (FDI) have gone below the prescribed threshold caution limit stipulated under the extant FDI policy. |
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