YES Bank Ltd's latest $2 billion rescue plan was perfect except for one minor detail: Most suitors for the beleaguered Indian lender aren't the kind the board can really take to meet the regulator for tea. Yet in a five-hour meeting Tuesday, the directors decided to do exactly that. Jane Austen would have been proud of their desperation to marry off YES.

Beleaguered Coffee Day Enterprises Ltd.'s sale of its technology park to Blackstone Group Inc. is stalled as one of its creditors hasn't approved the deal, people with the knowledge of the matter said.

Yes Bank Ltd. hasn't issued the so-called no objection certificate as it's seeking assurances on repayments of other loans taken by Coffee Day, said the people, asking not to be identified as the information isn't public. All other creditors have approved the transaction, the people said.

Shares of YES Bank dipped 5.5 per cent to Rs 58.70 on the BSE on Friday after Moody's downgraded the bank's long-term foreign currency issuer rating to 'B2' from 'Ba3', as potentially stressed assets and low loss-absorbing buffers may add pressure to its funding and liquidity. The global rating agency assigned negative outlook on the bank's rating.

The private sector lender's stock was trading at its lowest level since October 31, 2019.

YES Bank shares climbed 6 per cent to Rs 74 on the BSE on Friday ahead of the board meet today to consider fundraising plan.

The stock of the private sector lender rallied 17 per cent after the Bank, on Tuesday, said its board will meet on Friday, November 29, 2019, to discuss and consider fundraising by issue of equity/equity linked securities through permissible modes.

Private lender YES Bank is slated to report its September quarter earnings for FY20 (Q2FY20) on Friday, November 1 amid expectations of a loss up to Rs 1,907.3 crore due to exposure to bankrupt companies like DHFL, McLeod Russel, and Cox & Kings.

The lender reported a profit of Rs 113.8 crore in the June quarter of FY20 (Q1FY20), and that of Rs 964.7 crore in Q2FY19. The net interest income (NII) came in at Rs 2,280.9 in the June quarter of the current fiscal, which was Rs 2,417.6 in Q2FY19.

A year ago, before the liquidity crunch manifested for non-banking financial companies (NBFCs), Yes Bank Ltd’s market capitalization was 1.5 times that of Indiabulls Housing Finance Ltd. Today, that difference has narrowed quite a bit as the adjoining chart shows.

Both the lenders have seen a massive erosion in their market value, but Yes Bank’s pain has been deeper.

Yes Bank shares on Wednesday fell about 10 per cent after the lender denied the reports about strategic investment by Microsoft Corporation and two other tech firms for likely stake sale. The denial came a couple of days after a report said that Microsoft is among the three firms that are in talks with the private sector lender for stake sale. The stock of the private lender tumbled 9.98 per cent intraday to Rs 41.05 as compared the previous closing price of 45.60.

Yes Bank shares on Wednesday fell about 10 per cent after the lender denied the reports about strategic investment by Microsoft Corporation and two other tech firms for likely stake sale. The denial came a couple of days after a report said that Microsoft is among the three firms that are in talks with the private sector lender for stake sale. The stock of the private lender tumbled 9.98 per cent intraday to Rs 41.05 as compared the previous closing price of 45.60.

A session after witnessing their biggest single-day fall, shares of YES Bank rebounded to stage their biggest single-day rise on Thursday.

The swift jump came after the lender clarified that Tuesday's fall was precipitated by a share sale triggered by invocation of pledge of shares of co-promoter Rana Kapoor.

Shares of YES Bank surged 29 per cent to Rs 41.30 on the National Stock Exchange (NSE) in the early morning deals on Thursday after the bank assured investors of a stable financial position, and said that the entire pledged shares stand extinguished.

"The financial and operating metrics remain intrinsically sound and stable, with liquidity position well in excess of regulatory requirements... With the invocation of shares, the entire pledge stands extinguished and all sale under the same duly completed," the bank said in a statement.

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.