Yes bank acquires 18.5 per cent stake of Cox & Kings by invoking pledged shares
Posted on 27th July 2019 |
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New Delhi: Yes Bank on Friday said it has has acquired 18.55 per cent stake in Cox & Kings by invocation of pledged shares. The bank has invoked pledge on 3.27 crore equity shares having nominal value of Rs 5 per share, constituting 18.55 per cent of the post-issue paid-up share capital, of Cox & Kings, Yes Bank said in a regulatory filing. |
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ICRA downgrades YES Bank's long-term rating for bonds worth Rs 32,911 crore
Posted on 25th July 2019 |
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Rating agency ICRA has downgraded private lender YES Bank’s long-term rating while maintaining a negative outlook on the bank, citing the lenders’ inability to reduce its exposure in the ‘BB’ and below-rated accounts and erosion in tier-1 capital on account of increase in risk-weighted assets and accelerated provisioning, leading to muted profitability. |
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Yes Bank to offer MSMEs up to Rs 3-crore loan through unique surrogate lending model
Posted on 24th July 2019 |
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Easing working capital woes for India’s burgeoning MSME sector, private sector lender Yes Bank is offering secured working capital loan between Rs 1-3 crore in the form of overdraft, letter of credit, and financial bank guarantees. The bank has launched a programme called Smart Edge for MSMEs — a “first-of-its-kind surrogate lending model,” the company said in a statement, |
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YES Bank net falls 91% on higher provisioning
Posted on 18th July 2019 |
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Private sector lender YES Bank on Wednesday reported a 90.97% year-on-year drop in its net profit for the April-June quarter at Rs 113.76 crore on account of lower income and higher provisioning. Sequentially, the company reported a net loss of Rs 1,506.64 crore in the March quarter. |
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Yes Bank share price jumps 11% after reports of likely capital infusion by four PE players; what firm says
Posted on 16th July 2019 |
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Shares of India’s major private sector lender Yes Bank surged on Tuesday after media reports indicated that four PE firms have shown interest to pick up a stake in the bank. Yes Bank shares jumped more than 10.8% to hit the day’s high at Rs 103.35. “US-based private equity investor made an offer to acquire worth $850 million stake in the bank, the term sheet offer for which was made over the weekend,” The Economic Times said in a report, citing sources as saying. |
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Yes Bank: A ship with multiple holes needs capital to plug them
Posted on 10th July 2019 |
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Yes Bank shares have had a lousy run this year, losing a whopping 67% since April and underperforming benchmark indices by a massive margin. Indeed, at the current price the stock trades at below its estimate book value for FY20. Even so, analysts are in no hurry to re-rate the stock. |
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Yes Bank invokes pledged shares of Eveready, acquires 9.47% stake
Posted on 5th July 2019 |
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Yes Bank indicated to the stock exchanges on Thursday that it has acquired shares of Eveready Industries amounting to 9.47% of the post-issue paid-up share capital after having invoked its pledged shares. Yes Bank said it invoked the shares of Eveready Industries India following the default/breach of terms of credit facilities sanctioned by the bank to Mcleod Russel India, which is a group company of BM Khaitan Group. |
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Yes Bank shares fall over 8% after borrower defaults on loan
Posted on 2nd July 2019 |
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New Delhi: Shares of Yes Bank dropped over 8 per cent Tuesday amid reports that a borrower defaulted on scheduled interest payments on a ₹1,200-crore loan to the private lender. The scrip tumbled 7.60 per cent to close at ₹100.85 on the BSE. During the day, it tanked 8.47 per cent to ₹99.90. |
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Yes Bank share price falls to double digits, for first time in five years
Posted on 20th June 2019 |
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Yes Bank shares fell as much as 4.3% to ₹98.75 on BSE today, extending their bear run after credit agency Moody's put the company under review for a downgrade. This is the first time in five years that Yes Bank share prices are down to double digits. Analysts have been downgrading Yes Bank’s stock on concerns over further deterioration in asset quality. |
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YES Bank plans to raise $1.2 bn to boost capital, says CEO Ravneet Gill
Posted on 18th June 2019 |
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YES Bank, Asia’s worst-performing bank stock this quarter, plans to raise $1.2 billion over 18 months to bolster its capital buffer through a mix of public and private share sales, Chief Executive Officer (CEO) Ravneet Gill said. Gill took over in March pledging to improve transparency after his predecessor, founder Rana Kapoor, was forced out by the Indian central bank for inadequate disclosure of stressed loans. |
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