Page 18 - Yes Bank

YES Bank in talks with ARCs to sell bad debt worth Rs 32,344 crore

Lender names EY as advisor, has already made provisions for Rs 24,476 crore, or 76% of its gross NPA

Prashant Kumar, tasked to lead YES Bank's revival, braces for Covid impact

Yes Bank returned to profit in the quarter ended September and Kumar made provisions for potential covid-related losses

Regaining investors confidence remains an uphill task for YES Bank

Asset quality still an unconvincing weak patch; quality of deposit growth also needs monitoring

MARKET WRAP: Sensex tanks 540 pts in broad-based sell-off, India VIX up 5%

All that happened in the markets today

YES Bank extends gain after reporting net profit of Rs 129 crore in Q2

Net interest income (NII) rose 3.4 per cent sequentially to Rs 1,973 crore in Q2 from Rs 1,908 crore in the previous quarter

YES Bank lacked cost control, aiming for 20% opex cut: CEO Prashant Kumar

The city-based lender is experiencing delays in loan recovery efforts as big defaulters are approaching courts, Kumar told PTI

YES Bank posts Rs 129-crore profit; net interest income rises 3.4%

Bank's provisions rose 9.3 per cent sequentially in Q2 to Rs 1,187 crore

Yes Bank posts Rs 130 cr net profit in Q2 despite spurt in bad loans

The private sector lender had posted a net loss of Rs 600 crore in the corresponding quarter of previous fiscal.

MARKET: Maruti, HDFC help Sensex settle 127 pts higher; Nifty tops 11,900

All that happened in the markets today

YES Bank offers discounts on credit card; loans at competitive rates

YES Bank introduced festival season offers with discounts on processing fee on loans, low-cost EMIs, gift vouchers, cashbacks as well as various consumer loans at competitive interest rates.

YES Bank case: CBI registers case against HDIL promoters Wadhawans

Searches conducted at residences, offices of Wadhawans

CBI books HDIL promoters in Rs 200-cr YES Bank loan fraud: Officials

The agency also carried out searches at nine other premises in Mumbai, including two offices of HDIL

YES Bank case: ED arrests Cox & Kings' former CFO Anil Khandelwal

Anil Khandelwal and internal auditor Naresh Jain sent to seven days custody of federal agency

YES Bank plans to bring down credit-to-deposit ratio to below 100% by March

The lender, which is an associate of State Bank of India, disbursed Rs 3,795 crore to the retail segment during July-September.

Troubled lender YES Bank's Q2 loans up 1.4% over Q1FY21 to Rs 1,66,854 cr

The loan book shrunk by 2.7 per cent in six months, when compared to outstanding loans of Rs 1,71,443 crore at end of March 2020

Lakshmi Vilas Bank shortlists 3 names for MD, CEO post; to send list to RBI

The lender's chief executive S Sundar and six other directors were voted out by shareholders earlier this week

YES Bank case: Rana Kapoor's Rs 127-crore London flat attached by ED

It claimed that the agency obtained "information from a reliable source that Kapoor was trying to alienate this property in London and that he has hired a reputed property consultant

Sebi fines Rana Kapoor Rs 1 cr for hiding a transaction from YES board

By not disclosing about the transaction to Yes Bank's board of directors, Kapoor has created an opaque layer between him and stakeholders, Sebi said in an order.

HDFC Life enters into partnership with YES Bank to sell insurance policies

HDFC Life and YES Bank Limited entered into a corporate agency (CA) arrangement.

YES Bank: Why investors should not be taken in by rating upgrades

At current valuations, the lender's stock trades at a premium to IndusInd Bank and RBL Bank, leaving little room for error at current multiples