This is thanks to economic revival, improving upgrades to downgrades ratio, say experts
The rating agency also revised the rating for bank's certificates of deposit (CD) from "A2+" to "A1"
Rating reflects improving deposit profile, adequate capital levels to withstand stress on books
Markets regulator Sebi on Wednesday ordered defreezing of bank accounts as well as share and mutual fund holdings of Rana Kapoor, former MD and CEO of Yes Bank. Kapoor is currently in judicial custody after being arrested in March 2020 in the alleged Yes Bank fraud case. The regulator, in March, had attached bank accounts, share and mutual fund holdings of Kapoor to recover dues of over Rs 1 crore. The decision was taken after Kapoor failed to pay the fine imposed on him. Sebi, in September 2020, had levied a fine of Rs 1 crore on Kapoor for not making disclosures regarding a transaction of Morgan Credit, which was an unlisted promoter entity of Yes Bank. By not disclosing about the transaction to Yes Bank's board of directors, Kapoor created an opaque layer between him and stakeholders and violated the provision of the LODR (Listing Obligations and Dislcosure Requirements) Regulation, Sebi had said in the order. The release order came after Supreme Court, on August 2, stayed the
Sebi on Wednesday directed the defreezing of attached bank accounts/lockers/demat accounts and mutual fund folios of Yes Bank founder Rana Kapoor
A special court here on Tuesday allowed Yes Bank co-founder Rana Kapoor's lawyer to remain present during the recording of Kapoor's statement by the ED in a case related to the Avantha group.
In the June quarter of financial year 2021-22 (Q1FY22), the lender posted a profit of Rs 210 crore due to lower provisions
Analysts at Emkay Global Financial Services expect the bank's RoA trajectory to remain sub-par at 0.5-0.8 per cent over FY23-24E vs. management expectation of 1-1.5 per cent
In April, the RBI formed a 6-member panel headed by Sudarshan Sen, former ED, to carry out a comprehensive review of the working of ARCs in the financial sector ecosystem
Yes Bank and Indiabulls Housing Finance have come forward for a strategic co-lending tie-up to source and service home loans
A large capex by the government can be a saving grace for the economy, Yes Bank Chairman Sunil Mehta said
Cipla is recalling 7,228 bottles of Solifenacin Succinate tablets in the US market due to manufacturing issues
The bank has tied up with National Payments Corporation of India for issuing RuPay cards and will ink a similar deal with VISA
Sequentially, the bank had booked a loss of Rs 3,788 crore in the quarter ended March 2021 (Q4FY21)
The Bank's gross Non performing assets rose marginally to 15.6 per cent in the June quarter
Among credit card issuers including co-branded partners, RBL Bank, YES Bank and Bajaj Finserv lending will be most impacted, says Nomura
Bank's liquidity coverage ratio by June 2021-22 stood at 118.4 per cent, higher than 114.1 per cent from a year ago.
The credit to deposit ratio (C\D ratio) declined to 100.4 per cent in June 2021 from 102.4 per cent in March 2021
The case has been registered on a complaint, dated May 27, 2021, from Chief Vigilance Officer of the bank Ashish Vinod Joshi
In an exclusive interview with Business Standard, Jaspal Bindra, executive chairman of Centrum group said it has committed Rs 1,800 cr capital to the SFB, Rs 900 cr of which will come in first year