Page 14 - Yes Bank

Key obstacle removed with Yes Bank, Axis green signal to RCap's asset sale

The two banks are jointly owed Rs 1,575 cr and had objected to the sale unless their dues are paid. Yes Bank recently moved into Anil Ambani group HQ in Santa Cruz, Mumbai as part of debt settlement

Stocks to watch: BHEL, SAIL, Yes Bank, National Fertilizers, Cosmo Films

A total of 57 companies are slated to post their quarterly numbers today, including BEML, BHEL, Cochin Shipyard, DLF and Edelweiss Financial Services

YES Bank board approves fundraising up to Rs 10K crore via debt securities

At the end of March quarter, the lender had a capital adequacy ratio of 17.5 per cent compared to 19.6 per cent as of December 31

Yes Bank board approves plan to raise up to Rs 10,000 cr via debt

Yes Bank on Thursday received board approval for raising up to Rs 10,000 crore by issuing debt securities.

CBI books Avantha Realty, Gautam Thapar, others in YES Bank fraud case

Thapar is already being probed in another case related to diversion of public money in Yes Bank allegedly involving the bank's former chief Rana Kapoor

YES Bank lowers its FY 2021-22 growth estimate for India to 8.5%

Yes Bank on Tuesday revised its growth estimate for India for the financial year 2021-22 to 8.5 per cent.

AT-1 bond mis-selling case: SAT gives interim relief to YES Bank

In April, Sebi had slapped a penalty of Rs 25 crore on it and 3 executives

SAT grants interim stay on Sebi's order against Yes Bank in AT-1 bond case

The Securities Appellate Tribunal (SAT) has granted an interim stay on markets regulator Sebi order that had slapped a penalty of Rs 25 crore on Yes Bank in a case of mis-selling AT-1 bonds. Apart from penalising Yes Bank, Sebi in its order in April, imposed a fine of Rs 1 crore on Vivek Kanwar, who was the head of the private wealth management team, and Rs 50 lakh each on Ashish Nasa and Jasjit Singh Banga. The two individuals were part of the private wealth management team at the time of the violation. Sebi alleged misrepresentation by the bank and certain officials for not informing investors of the risk involved while selling the AT -1 (Additional Tier-1) bonds in the secondary market. While granting interim relief to Yes Bank, SAT said it has "stayed the effect and operation of the impugned order". This is subject to an undertaking by Yes Bank that in the event of failure of the appeal, the lender would pay the penalty amount within two weeks from the date of the order, SAT s

Explained: How RBI's tough new rules impact the audit companies

The central bank's tough new rules spell major changes in the competitive landscape for financial services audits

CCI approves sale of YES Bank's MF subsidiaries to GPL Finance

Fair trade regulator Competition Commission of India (CCI) on Tuesday approved the acquisition of Yes Asset Management (India) Ltd and Yes Trustee Limited by GPL Finance and Investments Ltd.

Yes Bank to sell property of Magnum Solution for recovery of Rs 345 cr

Yes Bank has invited bids for sale of immovable assets of a borrower, E Commerce Magnum Solution Ltd, to recover dues of over Rs 345 crore.

Top YES Bank investor Bay Tree cuts stake in troubled lender by a third

Bank has cut back lending to companies and tried to win back depositors after being rescued in March 2020,.

YES Bank plummets 13% as Q4 net loss widens to Rs 3,788 crore

The private sector lender's standalone net loss widened marginally to Rs 3,788 crore in the March quarter of FY21 as against a net loss of Rs 3,668 crore a year ago

Stocks to watch: RIL, IndusInd Bank, TCS, M&M, Yes Bank, auto stocks

Tata Consultancy Services (TCS) on Friday said Samir Seksaria will take over as the company's Chief Financial Officer on May 1, 2021

Stocks to watch: RIL, IndusInd Bank, TCS, M&M, Yes Bank, auto stocks

Tata Consultancy Services (TCS) on Friday said Samir Seksaria will take over as the company's Chief Financial Officer on May 1, 2021

YES Bank's capital requirement for current fiscal pegged at Rs 7,500 cr

The bank's MD and CEO Prashant Kumar said the bank would not like its Common Equity Tier I (CET1) ratio to fall below 11 per cent

Yes Bank rescue happened in nick of time before pandemic struck: CEO

Yes Bank's rescue act in early March 2020 happened in the nick of time ahead of the Covid-19 pandemic, and even a 15-day delay in it would have meant great difficulty for a lender, said the CEO

YES Bank posts net loss of Rs 3,788 crore in Q4 as provisions rise

The bank's net interest income declined 61.5% to Rs 987 cr in Q4

Yes Bank Q4 net loss widens marginally to Rs 3,788 cr

Net interest income declined 23% to Rs 987 crore as against Rs 1,274 crore in the year-ago period

'Judicial' regulation at Sebi

A mechanism to separate Sebi's judicial and executive powers is central to creating a regulator more in tune with the rule of law