YES Bank needs funds to meet Basel-III capital requirements norms
From the Nifty 200 index, BHEL, Bosch, BSE, SAIL, Vodafone Idea, Sun TV Network, National Aluminum, Tata Chemicals and Tata Power touched 52-week
Adlakha was earlier senior group president and head of financial management & strategy
According to reports, the lender plans to raise Rs 2,000-3,000 crore through the QIP issue.
The agency also said the bank's counterparty risk assessment of Baa3 and domestic and foreign currency counterparty risk rating of Baa3 also remain under review for downgrades
The funds mopped up could be utilised primarily to aid the bank's growth
Cox & Kings has been facing a liquidity crisis, resulting in loan defaults and rating downgrades in the past few months
Ratings on bonds worth Rs 22,111 crore was downgraded one notch, while that for bonds worth Rs 10,800 crore was downgraded two notches
The Yes Bank CEO must raise as much capital as he can, keeping his eyes closed at what price it is coming
Another quarter of 'kitchen sinking' took away close to Rs 1,784 crore from the bank's operating profit pool, even as net profit at Rs 114 crore was better than steep losses in the previous quarter
Ex-CEO Rana Kapoor loses $1 billion as shares drop 78% since August; Jefferies cuts lender's price target to Rs 50 from Rs 80
Retail investors are individuals who hold up to Rs 200,000 of share capital in a company
This is the second consecutive quarter when the bank has shown a massive hit on the bottomline since the new management under Ravneet Gill took over in March 2019.
In the same quarter of the last financial year (2018-19 or FY19), the bank's profit was Rs 1,260 crore
The bank had reported a net profit of Rs 1,265.67 crore in the April-June quarter of the previous fiscal ended March 2018
Most of the brokerages see pressure on YES Bank's profitability considering deterioration in asset quality and muted loan book growth during Q1FY20.
The bank is looking to disburse Rs 500 crore in the next one year through its newly-launched lending program, the Smart Edge for MSMEs
The bank is looking to disburse Rs 500 crore in the next one year through a newly-launched lending programme
These are the first major appointments after Ravneet Gill became MD and CEO in the fourth quarter of FY19
YES Bank acquires 68,80,149 shares having a nominal value of Rs 5 per share constituting.