YES Bank rallies for second straight day; should you buy?
Posted on 3rd October 2018 |
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Shares of YES BankN extended their rally for the second straight session after the lender said it is fully geared up for the succession plan for the post of its MD and CEO and will finalise two external experts for the search committee by October 7. “The bank is fully geared for the MD & CEO’s succession. Pursuant to the board of directors meeting dated September 25, 2018, the two external experts of the Search & Selection Committee will be finalised by October 7, 2018," Yes Bank said in a statement. |
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Will never sell my shares in YES Bank, says CEO and MD Rana Kapoor
Posted on 29th September 2018 |
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Rana Kapoor, managing director (MD) and chief executive officer (CEO) at Yes Bank, reiterated his commitment to the bank and its stakeholders on Friday. In a series of tweets, Kapoor said his YES Bank shares were invaluable. He said he would never sell his shares, even after he demits office as the private lender’s MD and CEO. |
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YES Bank denies any dealing with company of Rana Kapoor's daughters
Posted on 28th September 2018 |
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YES Bank has denied any dealings with Three Sisters: Institutional Office — the investment vehicle of MD and CEO Rana Kapoor’s daughters. This was in response to clarifications sought by the National Stock Exchange on September 24 based on complaints it had received. |
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Yes Bank vows to play by rule book
Posted on 25th September 2018 |
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A day before a crucial board meet, Yes Bank on Monday said the lender and its CEO Rana Kapoor will be guided by the directors, the Reserve Bank of India and other relevant stakeholders. The board of India’s fourth-largest private sector bank will meet on Tuesday to decide on the next course of action after the central bank directed the lender’s current CEO and managing director Rana Kapoor to step down by January. |
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Yes Bank raises USD 400 million through syndicated loan facility
Posted on 11th September 2018 |
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New Delhi: Private sector lender Yes Bank Tuesday said it has raised USD 400 million (approx Rs 2,894 crore) through syndicated loan facility, borrowed out of its IFSC Banking Unit (IBU) in Gujarat International Finance Tec City (GIFT). The bank said this amount will be utilised to support the IBU's growing business. |
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YES Bank hits over 4-month low; stock falls 5%
Posted on 7th September 2018 |
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Shares of YES Bank hit an over four-month low of Rs 322 per share, down 5% on the BSE on the back of heavy volumes. The stock was the largest loser among the S&P BSE Sensex and Nifty 50 index at 02:17 pm. In comparison, the benchmark indices were up 0.2% each. |
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Yes Bank shares go into tailspin
Posted on 1st September 2018 |
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Mumbai: Shares of Yes Bank on Friday tumbled over five per cent following uncertainty over the continuation of Rana Kapoor as the managing director & CEO. The scrip of the private sector lender closed at Rs 343.40 on the BSE, a drop of Rs 18.50, or 5.11 per cent, over the previous finish. Earlier in the day, the counter cracked 6.6 per cent to hit a low of Rs 338. |
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YES Bank hits 8-week low; stock falls 14% in 8 days
Posted on 31st August 2018 |
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Shares of YES Bank hit an 8-week low of Rs 338 per share, down 7% in early morning trade on the BSE on the back of heavy volumes. YES Bank on Thursday after market hours said it has received the Reserve Bank of India’s (RBI's) approval for the continuance of Rana Kapoor as managing director and CEO of the bank till further notice from the central bank. |
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Yes Bank Q1 net profit up 30% to Rs 12.6 billion, asset quality falls
Posted on 26th July 2018 |
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Private sector lender Yes Bank's first quarter net profit rose 30 per cent on the back of rise in interest and other income as asset quality fell. The bank's net profit rose to Rs 12.6 billion in the quarter ended June, compared with Rs 9.65 billion in the year-ago quarter. The bank's net interest income, or the interest earned minus interest expended, rose 22 per cent on a year-on-year basis to Rs 22.19 billion. |
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YES Bank likely to rope in Suresh Soni for its mutual fund operations
Posted on 18th July 2018 |
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Private sector lender YES Bank may rope in Suresh Soni, former head of DHFL Pramerica AMC, to spearhead its foray into the Rs 23-trillion mutual fund industry. In early July, Yes Bank announced it had received the go-ahead from Securities and Exchange Board of India to start its mutual fund operations. Yes AMC will become the 43rd fund house to join the MF industry. |
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