Page 29 - Yes Bank
YES Bank soars 96% in 2 days on Moody's ratings upgrade, positive outlook
The global rating agency Moody's has upgraded YES Bank's long-term foreign currency rating from "Caa3" to "Caa1" on bail-out package
 "YES Bank soars 96% in 2 days on Moody's ratings upgrade, positive outlook")
Top business headlines: YES Bank case, China like model for MCX, and more
From AGR dues to dull growth for Indian IT companies, Business standard brings to you the top headlines of the day
Don't rush to withdraw deposits from YES Bank: RBI governor Shaktikanta Das
Das said the central bank had enough instruments for use if needed - they would be deployed at a time that would maximise impact
 "Don't rush to withdraw deposits from YES Bank: RBI governor Shaktikanta Das")
YES Bank case: ED summons Anil Ambani, Subhash Chandra and Naresh Goyal
The agency also calls Subhash Chandra, Naresh Goyal, Kapil Wadhawan, and Peter Kerkar in money laundering probe
 "YES Bank case: ED summons Anil Ambani, Subhash Chandra and Naresh Goyal")
YES Bank crisis: Rana Kapoor's custody extended by four days till March 20
The sessions court in Mumbai on Monday extended the custody of Rana Kapoor, former managing director and chief executive officer of crisis-hit YES Bank, till March 20
 "YES Bank crisis: Rana Kapoor's custody extended by four days till March 20")
YES Bank crisis: Indiabulls Housing moves court seeking relief on AT1 bonds
According to court documents, the matter was mentioned on Monday. The plea will be clubbed with the petition filed by Axis Trustee, which represents the majority of the bondholders.
 "YES Bank crisis: Indiabulls Housing moves court seeking relief on AT1 bonds")
Moody's upgrades YES Bank's ratings; outlook changed to positive
The rating action concludes the review with direction uncertain that was initiated on Yes Bank's ratings on 06 March 2020. Ailing private sector bank was placed under moratorium on March 5, 2020.
 "Moody's upgrades YES Bank's ratings; outlook changed to positive")
Private lenders' 'act of kindness' to YES Bank irks investors
Peers investing indicates other investors' reluctance; banks must conserve capital first before bailing out the private lender
 "Private lenders' 'act of kindness' to YES Bank irks investors")
NSE decides to pre-pone YES Bank's exclusion from indices to this Thursday
Public shareholders have Rs 8,673 cr exposure to bank
New valuation gap between top tier pvt sector banks and their small peers
BL Bank, for example, is down 47.2 per cent during the period. Its m-cap is down from ~15,700 crore on February 20 to ~8,283 crore at the close of trading on March 16
 "New valuation gap between top tier pvt sector banks and their small peers")
YES Bank case: ED summons Subhash Chandra, Naresh Goyal for questioning
DHFL CMD Kapil Wadhawan, recently arrested by the ED in another case, has also been called for questioning
 "YES Bank case: ED summons Subhash Chandra, Naresh Goyal for questioning")
Investments in YES Bank aimed at providing stability, says SBI chief
SBI Card, the second largest largest credit card issuer in the country, got listed at 13 per cent discount at Rs 658 on the BSE, against the issue price of Rs 755.
 "Investments in YES Bank aimed at providing stability, says SBI chief")
Letter to BS: Govt needs to focus on revival of banking sector as a whole
During this period, YES Bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment
 "Letter to BS: Govt needs to focus on revival of banking sector as a whole")
YES Bank AT1 bond write-down reflects distinct treatment for private banks
The bailout scheme requires YES Bank to write down about Rs 8,700 crore ($1.2 billion) of outstanding AT1s
YES Bank okays board reconstitution; Prashant Kumar to be new MD & CEO
The other board members will be Sunil Mehta, former non-executive chairman of Punjab National Bank, as the non executive chairman of YES Bank
 "YES Bank okays board reconstitution; Prashant Kumar to be new MD & CEO")
Moody's upgrades YES Bank ratings; outlook changed to positive
The central bank had superseded YES Bank board on April 5 and placed it under an administrator
 "Moody's upgrades YES Bank ratings; outlook changed to positive")
HDFC to hold 7.97% stake in YES Bank for Rs 1,000 crore capital infusion
On Friday, HDFC said it is investing in 100 crore equity shares of Rs 2 each in Yes Bank for a consideration of Rs 10 per share (including Rs 8 premium) for an aggregate consideration of Rs 1,000 cr
Top Headlines: RBI on rate cut; relief for YES Bank depositors, and more
Yes Bank customers will be able to access full banking services from Wednesday evening
 "Top Headlines: RBI on rate cut; relief for YES Bank depositors, and more")
Market Wrap, March 16: Sensex tanks 2,713 pts, Nifty ends at 9,199
All the sectoral indices ended with deep cuts. Nifty Bank index tumbled 2,087.50 points or over 8 per cent to 23,079 levels
 "Market Wrap, March 16: Sensex tanks 2,713 pts, Nifty ends at 9,199")
Yes Bank trading curbs: FPIs, institutional investors flag concerns
Several market observers said FPIs and other institutional investors have raised concerns regarding difficulty in liquidating their positions in cash and derivatives segment because of this scheme
