RBI’s ex-deputy governor on Yes Bank board shows things are worse than they look
Posted on 16th May 2019 |
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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. |
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YES Bank hits five-month low; stock tanks 44% in a month
Posted on 15th May 2019 |
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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. |
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YES Bank slips 2% after India Ratings downgrades its long-term ratings
Posted on 9th May 2019 |
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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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YES Bank falls 5% as ICRA downgrades bonds rating
Posted on 6th May 2019 |
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Shares of YES Bank slipped 5 per cent to Rs 167 early morning trade on the BSE on Monday, after rating agency Icra downgraded the bank's tier-I and tier-II bonds and infrastructure debt on deterioration in the credit quality of large ticket borrowers. The rating action, acccording to Icra, factored in further weakening in core equity (CET-I) capital cushion, due to voluntary provisions and consequent losses in Q4FY19. |
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YES Bank tanks 30% after Rs 1,507-crore March quarter loss
Posted on 30th April 2019 |
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YES Bank shares tanked 30 per cent to Rs 167 on the National Stock Exchange (NSE) in early morning trade after the bank reported a whopping Rs 1,506 crore net loss for the March quarter (Q4FY19) as provisions soared over nine times. The private sector bank posted its first-ever quarterly loss during the quarter. It had posted a profit of Rs 1,179 crore in the year-ago period. |
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Yes Bank posts loss of Rs 1,506 crore in March quarter
Posted on 29th April 2019 |
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Mumbai: Under a new head after the forced exit of its promoter-chief executive Rana Kapoor, Yes Bank on Friday reported a whopping Rs. 1,506 crore net loss for the March quarter as against a profit of Rs. 1,179 crore in the year-ago period as provisions soared over nine-times. Higher provisions for possible reverses, including a massive Rs. 2,100-crore contingency reserve, was the prime reason for the massive loss, the bank said. |
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YES Bank posts first-ever quarterly loss of Rs 1,507 cr on IL&FS, Jet loans
Posted on 27th April 2019 |
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Private lender YES Bank posted its first quarterly loss, of Rs 1,507 crore, during the January-March 2019 period on account of a fall in non-interest income and a sharp increase in provisioning for bad loans, mainly due to defaults by the Infrastructure Leasing & Financial Services (IL&FS) group and Jet Airways. It had reported a net profit of Rs 1,179 crore in the fourth quarter of FY18. |
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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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