Yes Bank pledged shares: Reliance Nippon Life yet to give consent for sale
Posted on 12th September 2019 |
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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. |
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YES Bank's co-founder Rana Kapoor likely to sell his stake to Paytm
Posted on 11th September 2019 |
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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). |
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Yes Bank partners Microsoft to strengthen its AI powered banking solutions
Posted on 4th September 2019 |
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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. |
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Yes Bank stock gets rating shock
Posted on 29th August 2019 |
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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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Yes Bank shares slump despite $1.2 billion fund raising plan report
Posted on 28th August 2019 |
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Shares of India’s major private sector lender Yes Bank slumped on Wednesday morning, despite media reports that the bank’s board is mulling a $1.2 billion fund raiser. According to a report by ET Now, Yes Bank’s board of directors are likely to meet soon on Friday to discuss a mega fund raiser, CNBC TV18 reported citing sources. The equity infusion will be subject to shareholder approval. The development comes after Yes Bank raised Rs 1,930 crore through Qualified Institutions Placement (QIP) route last week. |
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Yes Bank shares tumble 7% on fraudulent transactions at CG Power and Industrial Solutions
Posted on 20th August 2019 |
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Shares of Yes Bank plunged more than 7 per cent after the risk and audit committee of CG Power and Industrial Solutions in which the private lender owns more than 12.79 per cent stake said there were some unauthorized transactions by certain employees of the company. CG Power also received a letter from a particular financing company regarding a certain interest payment failure which the Operations Committee of the company was unable to trace or ascertain from the financials of the company, according to the exchange filing. |
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Yes Bank eyes $600 mn more after raising $270 mn from marquee investors
Posted on 16th August 2019 |
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Mumbai: Yes Bank Ltd is planning to raise an additional $600 million from large investors to bolster its capital buffers, two people directly aware of the lender’s capital raising plans said. The bank plans to raise more funds after its qualified institutional placement (QIP) offering that closed on Wednesday was oversubscribed, the people said on condition of anonymity. Yes Bank raised about $270 million in the fundraising. |
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Yes Bank shares fall to 5 year low; board’s capital raising committee to consider issue price on Aug 14
Posted on 13th August 2019 |
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Extending the fall on Tuesday, YES Bank shares fell over 10 per cent after plunging nearly 8 per cent in the last session. However, the share price saw slight correction, even as YES Bank announced that its board’s capital raising committee (CRC) will consider the issue price for equity shares in regard to qualified institutional placement (QIP) on Thursday. YES bank shares hit their 5-year low of Rs 95.25. The stock of YES Bank ended the day at Rs 73.60, down 8.50 points, or 10.35 per cent on NSE. |
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Yes Bank fixes QIP floor price at Rs 87.90
Posted on 9th August 2019 |
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Yes Bank on Thursday said the capital raising committee of the board has approved the floor price of Rs 87.90 per equity share for raising funds via qualified institutional placement (QIP). Shares of Yes Bank closed at Rs 89.15 on Thursday on the BSE. Yes Bank also indicated that the committee at its discretion may offer a discount of not more than 5% on the floor price. A meeting of the committee has been slotted for August 16 to decide on the issue price for the equity shares, including a discount, if any. |
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Yes Bank ratings under review again
Posted on 6th August 2019 |
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Mumbai: Global rating agency Moody's, on Monday, kept Yes Bank's ratings under review for a downgrade, noting that the private sector lender has more than Rs 10,000 crore of loans under a watchlist and Rs 7,500 crore investment in bonds that have been downgraded. |
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