With elevated credit cost guidance and addition to stressed assets, share under pressure; faster than anticipated capital infusion seems critical
I think we were in consolidation mode for two quarters; it is important now to get on foot, says Ravneet Singh Gill
The bank is in dire need of capital to not only provide for bad assets but also for growth
On Thursday, option premium for Rs 65 contract was up 270 times at day's high
The private sector lender had posted a net profit of Rs 951.47 crore in the corresponding period of the previous fiscal
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This was the third-biggest single-day gain for the stock - it zoomed 33 per cent in early October and 30.7 per cent in mid-February
The bank was said to have been in talks with global technology companies to become a strategic investor in the bank
The bank has received a binding offer from a global investor for an investment of US $ 1.2 billion in the Bank through fresh issuance of equity shares
The Mumbai-based lender jumped 24% at the 3:30 p.m. close in Mumbai on Thursday following the announcement
The investment of $1.2 billion is via fresh issue of shares
"Slippages to remain elevated including McLeod Russel, ADA-NBFC group and Cox & Kings. The bank will take mark-to-market (MTM) on DHFL bonds," said analysts at Emkay Global Financial Services
YES Bank had become Fortis's biggest shareholder with an approximate 17% stake
Yes Bank seeks multi-disciplinary team of experts for detecting the origin of the fake news.
The present management is led by chief executive Ravneet Gill who took charge in March after Kapoor was asked to leave by January 31 by the monetary authority in August 2018
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According to an investment banker, the bank has received interest from both global PE players and Indian family offices; potential investors may buy stake ahead of the rights issue in the open market
Ravneet Gill, CEO of YES Bank, said the drop in share prices wasn't a reflection of the bank's performance
The bank, which is known for high growth, is consolidating and taking a measured growth approach, Gill added.
We remain focused on our earlier plan to raise $1-1.2 billion, says Ravneet Gill