Page 51 - Yes Bank

YES Bank hits over 5-year low; down 38% in one month

The stock dipped 4% to Rs 95, its lowest level since May 9, 2014 on the BSE.

YES Bank plans to raise $1.2 bn to boost capital, says CEO Ravneet Gill

Gill took over in March pledging to improve transparency after his predecessor, founder Rana Kapoor, was forced out by the Indian central bank for inadequate disclosure of stressed loans

YES Bank on track to raise $1 bn by way of a share sale: CEO Ravneet Gill

On its large size of below investment grade exposure, Gill said their non-investment grade figure went up from Rs 6,000 crore to Rs 20,000 crore and it was not a very granular portfolio

Former CEO Rana Kapoor denies attempt to return to the board of YES Bank

While YES Bank shareholders had reappointed Kapoor as MD and CEO for three years starting September 1, 2018, the central bank had cut short his tenure till January 31, 2019

Capital may not come cheap for YES Bank amid cloud over asset quality

Fund infusion is critical - not only to support asset quality clean-up, but also to aid growth in FY20

Former CEO Rana Kapoor says not trying for seat on YES Bank board

Kapoor's term was curtailed by RBI due to a slew of concerns, including poor governance and loan practices

YES Bank shareholders flag governance issues, but back new management

Gill replaced Rana Kapoor after the Reserve Bank of India (RBI) refused to extend the latter's term

YES Bank sees several exits from board ahead of annual general meeting

There were many exits from the board in the second half of last year, with R Chandrasekhar and Ashok Chawla, both former Union secretaries, resigning

Moody's to review YES Bank for downgrade over exposure to weaker NBFCs

As of March 2019, Yes Bank's exposure to Indian housing finance companies and NBFCs was 6.4% of its total exposure

YES Bank begins provisioning for exposure to ADAG, Essel group firms

In its analyst call, YES Bank said the provisioning covers companies from real estate, media and entertainment and infrastructure

R Gandhi's appointment to YES Bank board may be precautionary: Macquarie

Earlier this week, the Reserve Bank of India (RBI) appointed former Deputy Governor R Gandhi as an additional director to the board of Yes Bank

YES Bank claws back Rs 1.44-crore performance bonus of ex-MD Rana Kapoor

YES Bank said that it has not paid any bonus to Kapoor for FY17 and FY18

YES Bank troubles run deeper than investors believe; cleanup will be tough

It is unlikely to find a long list of suitors and any arranged marriage will need to be solemnized by the RBI

Former RBI Deputy Guv appointed additional director on Yes Bank board

Yes Bank's shares closed at Rs 156.15 apiece on the BSE, up 0.84 per cent over Monday

YES Bank slips to 10th position in league table for most-valued banks

At the start of the year, YES Bank was ranked 7th

Icra downgrades YES Bank's bonds as quality of large borrowers dwindles

Rating action also factors in further weakening in core equity capital cushions due to voluntary provisions and consequent losses in Q4FY19

Here are a few mutual funds that stocked up on YES Bank in Q4FY19

Principal Mutual Fund and Taurus Mutual Fund are the other two fund houses that stocked up on YES Bank and increased their holding

YES Bank stock plunges 29% on weak Q4 results, rating downgrades

Analysts say earnings pain is clearly visible given concerns over stressed assets, weak provision cover and subdued capital

Yes Bank's profitability to remain under strain for 12-18 months: Moody's

The lender is profitable on a full-year basis; provision for stressed loans much lower thann other banks

Analysts say 'no' to YES Bank stock, cut 12-month target price by 40%

Large stressed pool, aggressive accounting practices and weakness in the retail franchise are among the reasons cited by analysts for their bearish stance