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Yes Bank shares tank nearly 14% despite RBI's nod to raise capital
Posted on 30th September 2019
New Delhi: Yes Bank shares nosedived almost 14% on Monday even after the Reserve Bank of India (RBI) gave its nod to raise capital. At 12:30 pm, shares of Yes Bank were trading at ₹42 down 13.93% on BSE. The stock had touched its 52-week low at ₹41.50 on Monday morning. On NSE, the stock was down 13.85%.

Yes Bank’s promoter group cuts 1.8 per cent stake in bank
Posted on 27th September 2019
Yes Capital (India) (YCPL), part of the promoter group of Yes Bank, on Thursday sold a 1.8% stake in the bank. The proceeds from the sale will be used to prepay the entire amount outstanding on non-convertible debentures (NCDs) of YCPL held by various schemes of Franklin Templeton Asset Management (India), YCPL said in a statement.

Strong investor interest for capital raising plans, says YES Bank
Posted on 26th September 2019
Private lender YES Bank on Wednesday said it has received strong interest from various investors on its plans to raise capital as the lender approaches the Reserve Bank of India (RBI) for approval to increase the bank’s authorised share capital.

“The bank has received strong interest from multiple foreign as well as domestic private equity and strategic investors for this capital raise and remains firmly on course to raising growth capital subject to the necessary approvals,” it said in a regulatory filing.

Morgan Credits sells 2.3 per cent in Yes Bank to pay back Reliance Nippon
Posted on 20th September 2019
Morgan Credits (MCPL), part of the promoter group of YES Bank, on Thursday sold a 2.3% shareholding in the bank. The proceeds will solely be utilised to prepay a substantial part of outstanding NCDs of MCPL subscribed by various schemes of Reliance Nippon Life Asset Management Company (RNAM).

CARE downgrades NCDs of Yes Bank promoter MCPL
Posted on 19th September 2019
CARE Ratings on Tuesday downgraded non-convertible debentures of Morgan Credits (MCPL) to ‘BBB-’ from ‘A-’. MCPL is one of the promoter entities of Yes Bank holding a 3.03% stake in the lender as on March 31, 2019. Data from Value Research show that debt mutual funds of Reliance Mutual Fund hold Rs 913.47 crore in debt papers issued by MPCL.

Opinion | Yes Bank torn between past errors and tech savior hopes
Posted on 17th September 2019
India’s fragile financial system is swinging between despair and hope. Two separate incidents — both featuring the lender Yes Bank Ltd. — recently underscored the drag of past underwriting follies as well as the lift from a digital reset. It will take time, but good things will come to Indian banking as a result of the present crisis.

Yes Bank pledged shares: Reliance Nippon Life yet to give consent for sale
Posted on 12th September 2019
Reliance Nippon Life Asset Management (RNAM) has clarified that it has not given consent for any transaction relating to Yes Bank’s pledged shares. Several media reports suggested that Rana Kapoor of Yes Bank was looking to exit by selling his and his family’s stake to Vijay Shekhar Sharma of Paytm. Rana Kapoor and his family have around 9.65% stake in the bank, and according to the reports, they have pledged 7.34% with RNAM.

YES Bank's co-founder Rana Kapoor likely to sell his stake to Paytm
Posted on 11th September 2019
Rana Kapoor, co-founder of YES Bank, is said to be in talks with One97 Communications, owner of Paytm, to sell his stake in the private sector lender. Kapoor and his associate entities owned 10.6 per cent in the bank at the end of June 2019. Around 7.34 per cent of the Kapoor family stake has been pledged with Reliance Nippon Asset Management Company (RNAMC).

Yes Bank partners Microsoft to strengthen its AI powered banking solutions
Posted on 4th September 2019
NEW DELHI : Yes Bank, India’s fourth largest C, has partnered with Microsoft to strengthen its first of its kind, AI enabled chatbot, Yes Robot, with advanced neuro language programming (NLP) engine LUIS (Language Understanding Intelligent Service) and other cognitive services, capable of understanding and resolving the evolving banking needs of customers without the need for human intervention.

Yes Bank stock gets rating shock
Posted on 29th August 2019
Global rating agency Moody’s Investors Service has downgraded private lender Yes Bank’s ratings to junk status with a negative outlook, citing the lower-than- expected capital raised from the recent QIP issue and the plunging share prices that will be a hurdle in raising more funds.

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