Yes Bank shares surge over 12% in 2 sessions ahead of board meet
Posted on 12th December 2018 |
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Mumbai: Yes Bank shares advanced over 12% in the last two consecutive sessions, hitting a two-week high ahead of its board meeting on Thursday. Today, the Yes Bank stock closed at Rs 186.80 on BSE, up 5.3% from its previous close while India’s benchmark Sensex Index rose 1.8% to 35,779.07 points. |
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YES Bank's asset management arm enters MF biz, gets Sebi nod for 2 schemes
Posted on 4th December 2018 |
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Private sector lender YES Bank on Tuesday said its wholly-owned subsidiary YES Asset Management has received markets regulator Sebi's approval to launch two mutual fund schemes. YES Asset Management (India) is the latest Indian company to enter the mutual fund segment. |
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Analyst Corner: Yes Bank rated ‘Buy’, TP at Rs 320; liquidity profile is stable
Posted on 1st December 2018 |
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As negative news flow on Yes Bank’s governance issues continue unabated, we ask ourselves as we did with ICICI – Is this time any different? We decide to look at Sir Templeton’s words of wisdom with a twist – and reiterate our Buy stance on YES. We look to when ICICIBC was in similar predicaments in Apr’18 & Feb’16, being put to the test as negative newsflow led to derating. |
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Yes Bank shares hit over two-year low after ICRA, CARE cut ratings
Posted on 29th November 2018 |
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Bangalore: Shares of Yes Bank Ltd plunged to their lowest in more than two years on Thursday after credit rating agencies ICRA and CARE Ratings downgraded ratings on the lender’s debt instruments. India’s fifth largest private-sector lender by assets has had a tumultuous couple of months, with its stock nearly halving in value this year and a number of departures from its board, since the country’s central bank cut short its chief executive officer’s term in September. |
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YES Bank slips over 2% as RBI begins inspecting bank's exposure to NBFCs
Posted on 27th November 2018 |
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Shares of YES Bank slipped as much as 2.1 per cent to Rs 184 in the intra-day trade on the National Stock Exchange (NSE) after a news report suggested that the Reserve Bank of India (RBI) on Monday began examining the private bank's exposure to various Non-Banking Finance Companies (NBFCs). |
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YES Bank shares could witness choppy trade
Posted on 26th November 2018 |
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YES Bank shares could be volatile this week as investors debate about the fate of mutual fund holdings of the debt issued by two promoter companies after the bank’s stock price halved from its peak in August. |
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Yes Bank board meeting advanced to 13 December amid crisis
Posted on 21st November 2018 |
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Mumbai: Yes Bank Ltd on Wednesday said its board will meet on 13 December to consider appointment of a new chairman, two independent directors to replace departing directors, and the CEO search panel’s recommendation to appoint a successor to the current MD and CEO Rana Kapoor. The bank also said that its promoters are seeking a mutual resolution to ensure better support and coordination for outstanding issues. |
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Yes Bank Director Quits, Saying He’s Unhappy With `Developments’
Posted on 20th November 2018 |
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An independent director at Yes Bank Ltd., a lender that’s been ordered by India’s central bank to replace its chief executive officer, resigned on Monday saying he was concerned about recent events at the company. “I wasn’t happy with the developments taking place in the recent past and the way it was handled,” R. Chandrashekhar said in a message on WhatsApp, declining to be more specific. The lender’s shares tumbled as much as 6.5 percent on Tuesday, the worst performer on the S&P BSE Sensex index. |
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Markets post third straight weekly gain; YES Bank stock declines 7%
Posted on 17th November 2018 |
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The benchmark indices posted their third straight weekly gains, after investor sentiment improved following a sharp drop in crude oil prices. Stability in the rupee saw foreign institutional investors (FIIs) turn net buyers on all five trading sessions of the week. |
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Ashok Chawla steps down as non-executive chairman of YES Bank
Posted on 15th November 2018 |
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Two members of the board of directors at YES Bank have resigned with immediate effect — Ashok Chawla, its non-executive chairman, and Vasant Gujarati. The bank, fourth largest among private lenders, has appointed Uttam Prakash Agarwal, a chartered accountant, as an independent director in place of Gujarati. The appointment will have to be confirmed at the next shareholder meeting. |
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