Aircel-Maxis case: Yes Bank wants RBI to decide on Ashok Chawla continuing as chairman
Posted on 12th November 2018 |
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Mumbai: Yes Bank Ltd has sought guidance from the Reserve Bank of India (RBI) over former finance secretary Ashok Chawla continuing as non-executive chairman of its board after being named in a corruption chargesheet. This follows the National Stock Exchange of India Ltd (NSE)—also chaired by Chawla—scrutinizing his continuance on similar grounds. |
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Aircel-Maxis case: Yes Bank wants RBI to decide on Ashok Chawla continuing as chairman
Posted on 12th November 2018 |
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Mumbai: Yes Bank Ltd has sought guidance from the Reserve Bank of India (RBI) over former finance secretary Ashok Chawla continuing as non-executive chairman of its board after being named in a corruption chargesheet. This follows the National Stock Exchange of India Ltd (NSE)—also chaired by Chawla—scrutinizing his continuance on similar grounds. |
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YES Bank rebounds 11%, but still down 5% as Q2 profit misses estimates
Posted on 26th October 2018 |
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Shares of YES Bank has rebound 11% from its early morning low, but still down 5% at Rs 188 at 10:17 am; on Friday after the private sector lender reported a lower than expected net profit on higher provisioning for bad loans and mark-to-market (MTM) losses in the September quarter (Q2FY19). The stock slipped 15% to Rs 169 in early morning trade, close to its 52-week low of Rs 166 touched on September 28, 2018, on the BSE in intra-day trade. |
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SBI, Yes Bank, Bank of Baroda credit card users are at risk of cyber fraud: Details inside
Posted on 25th October 2018 |
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If you often use mobile banking and are customers of any of the following banks then you are at risk of cyber fraud. An IT security firm in its report has claimed that the fake apps of State Bank of India, ICICI Bank, Axis Bank, Bank of Baroda (BoB), Yes Bank, Indian Overseas Bank (IOB) and Citi Bank are available on Google Play. The report further claimed that the fake apps have stolen data of many bank customers. |
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YES Bank slips 4% after RBI rejects request to extend Rana Kapoor's term
Posted on 19th October 2018 |
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Shares of YES Bank dropped as much as 4.9 per cent in the opening deals on Friday after the Reserve Bank of India (RBI) on Wednesday once again rejected the lender’s request for extending the term of MD & CEO Rana Kapoor, and reaffirmed the February deadline for finding his successor. |
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Who will be Rana Kapoor's successor? YES Bank may select MD & CEO by Dec 15
Posted on 15th October 2018 |
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Private lender YES Bank is expected to complete the selection process to replace Rana Kapoor as managing director and chief executive officer in another two months. December 15 is a cut-off that the bank has set for itself, a source in the know said. The Reserve Bank of India (RBI) wants adequate time to vet YES Bank’s choice of Kapoor’s successor, before the new chief can take charge on February 1, 2019. In order to comply with the timeline, the bank plans to send its preferences to RBI for approval around mid-December. |
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YES Bank up 6% on appointment of advisory firm Korn Ferry to find new CEO
Posted on 12th October 2018 |
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Shares of YES Bank have rallied 6% to Rs 255 on the BSE in early morning trade after the private sector lender appointed US-based headhunter Korn Ferry to assist the bank’s committee in its selection of the new managing director & chief executive officer (MD & CEO). The bank had announced that it would find a successor to MD & CEO Rana Kapoor whose term was cut short by the Reserve Bank of India (RBI). |
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YES Bank, DHFL, Goa Carbon, Philips Carbon gain over 40% from 52-week lows
Posted on 10th October 2018 |
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Shares of YES Bank, Dewan Housing Finance Corporation, Goa Carbon, Philips Carbon Black and Infibeam Avenues have rallied more than 40% from their respective 52-week lows. YES Bank was up 5% to Rs 237 in intra-day trade, extending its past two days 9% gain on the BSE, after the board of private sector lender inducted TS Vijayan, former chairman of Insurance Regulatory and Development Authority of India (IRDAI) and Life Insurance Corporation of India (LIC), and OP Bhatt, former CMD of State Bank of India (SBI), as external experts in the committee. |
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YES Bank names experts to look for new managing director; stock falls 4.16%
Posted on 6th October 2018 |
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Private lender YES Bank, which recently formed a committee to search for a successor to its managing director and chief executive officer Rana Kapoor, will have two external members in the panel — T S Vijayan, former chairman of the Insurance Regulatory and Development Authority of India and O P Bhatt, former chairman and managing director of State Bank of India. The private bank disclosed this to the stock exchanges in a filing on Friday. |
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