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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RBI slaps Rs 1 crore fine on Yes Bank for non-compliance in Swift operations
Posted on 5th March 2019 |
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Private sector lender Yes Bank Tuesday said the Reserve Bank of India has slapped a fine of Rs 1 crore on the bank for non-compliance of directions on Swift messaging software. “The Reserve Bank of India (RBI)… has levied an aggregate penalty of Rs 10 million (Rs 1 crore) on the bank for non-compliance of regulatory directions observed during assessment of implementation of SWIFT-related operational controls,” Yes Bank said in a regulatory filing. |
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Ravneet Gill takes charge as YES Bank MD & CEO, succeeds Rana Kapoor
Posted on 2nd March 2019 |
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Ravneet Gill took charge as managing director (MD) and chief executive officer (CEO) of YES Bank on Friday for a three-year term, subject to shareholder approval. A career banker with a long innings at Deutsche Bank, Gill comes in place of Rana Kapoor, the bank’s co-promoter and former MD and CEO. |
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Moody's changes YES Bank's outlook to stable, stock gains over 2%
Posted on 21st February 2019 |
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Ratings agency Moody’s changed the outlook for YES Bank from negative to stable on Wednesday, citing the bank’s zero divergence report and stable financial performance. Moody’s affirmed YES Bank’s foreign currency issuer rating of Ba1, the bank's foreign and local currency bank deposit ratings of Ba1/NP, foreign currency senior unsecured MTN program rating of (P)Ba1, and Baseline Credit Assessment (BCA) and adjusted BCA of ba2, along with other ratings. |
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