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.

Tata Power today said it has raised Rs 1,500 crore through issue of securities. It has issued two series of Non- Convertible Debentures (NCDs) worth Rs 1,500 crore on a private placement basis.

In a statement, Tata Power said the proceeds would be used for general corporate purposes of the company, including repayment of maturing foreign currency convertible bonds, capital expenditure and working capital.

Yes Bank has dipped nearly 3% at Rs 616 in early morning deals on NSE after the Reserve Bank of India (RBI) on Friday said the foreign investors will need the central bank's approval to buy additional equity in the private sector lender.

RBI said foreign shareholding limit in Yes Bank through FIIs/ Registered Foreign Portfolios Investors (RFPIs)/ NRIs/ Persons of Indian Origin/ Foreign Direct Investment/ American Depository Receipts/Global Depository Receipts has reached the trigger limit.

YES Bank on Thursday agreed not to make any changes in the composition of its board till the hearing on the petition filed by Madhu Kapur questioning the appointment of six directors is going on in the Bombay High Court. This comes after the court expressed displeasure over the appointment of retired Indian Administrative Service officer Radha Singh as the non-executive chairperson.

On Day One of the final hearing of the ongoing court case between YES Bank and Madhu Kapur, the latter's counsel said the lender tried to de-classify her as promoter of the bank, citing communications between the bank and the Reserve Bank of India (RBI).

Kapur's counsel presented copies of the correspondence between the two institutions during 2010-13 to challenge the promoter status of Kapur, the second largest shareholder.

YES Bank has reported a 9.6 per cent growth in net profit to Rs 439 crore for the April-June quarter.

Gains from treasury income have been muted, though net interest income (NII) was higher by 13 per cent. The net profit was three per cent below the Bloomberg estimate of Rs 452.6 crore.

Mumbai: Yes Bank Ltd on Tuesday approached the Supreme Court challenging an order by a two-judge bench of the Bombay high court on the maintainability of a suit filed by Madhu Kapur, the widow of Yes Bank co-founder Ashok Kapur.

The Supreme Court admitted the bank’s plea and has scheduled a hearing in January 2015, Yes Bank said in an emailed statement on Tuesday.

Madhu Kapur, the second-largest shareholder of YES Bank, filed an amended suit in the high court here on Friday, challenging the resolutions passed at YES Bank's annual general meeting (AGM) on June 14.

Kapur has challenged the appointment of directors and the reappointment of Rana Kapoor as managing director and chief executive.

The high court on Tuesday directed YES Bank to give it a video recording of the bank's AGM held on June 14 by Wednesday morning. The order pertains to a plea filed by Madhu Kapur, wife of the bank's late co-promoter, Ashok Kapur. In the plea, Madhu Kapur claimed her right as co-promoter was violated, adding she wasn't consulted before the lender had appointed directors on its board.

The Bombay High Court directed YES Bank on Friday to hand over all the documents pertaining to the bank’s communications with the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi) on challenging Madhu Kapur’s promoter status, to her counsel by the evening.

On June 12, the bank had given the same direction but Kapur’s counsel said not all the letters were received.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.