Page 55 - Yes Bank

Panel shortlists 5-10 bank chiefs, including an MNC, to lead YES Bank

The bank will decide on the final name by the third week of December, at least a month before the RBI deadline of January 31

YES Bank falls 14% in two days following Ashok Chawla's resignation

The stock is down 7% at Rs 191, extending its previous day's 7% fall after former SBI chairman O P Bhatt resigned from the panel set up by Yes Bank to find a successor to its MD and CEO Rana Kapoor

Former SBI chairman O P Bhatt resigns from YES Bank's CEO search panel

Former SBI chairman O P Bhatt has resigned from the panel set up by Yes Bank to find a successor to its MD and CEO Rana Kapoor, the private sector bank said Thursday. Bhatt, who was an external expert on the Search and Selection Committee (S&SC), resigned with "immediate effect" as "there may be a potential conflict of interest", the bank added. Bhatt is under CBI's scanner in connection with loans given to the now defunct Kingfisher Airlines, promoted by fugitive liquor baron Vijay Mallya. On Tuesday, Yes Bank's non-executive chairman Ashok Chawla had resigned as his name figured in a CBI chargesheet filed in the Aircel-Maxis case. "The Nomination & Remuneration Committee ('NRC') of the Bank while accepting Mr. Bhatt's resignation has recognised his guidance and inputs during his association with the S&SC as an External Expert," Yes Bank said. The bank further said that given the significant progress made by the S&SC with the support of Korn Ferry over the past three .

YES Bank falls 7% after Ashok Chawla resigns as non-executive chairman

In the past two months, the stock has fallen 30 per cent from Rs 319 on September 17 to Rs 223, as of November 14, 2018.

Ashok Chawla steps down as non-executive chairman of YES Bank

Ashok Chawla continues to be director on the boards of the National Stock Exchange and Jet Airways

YES Bank's CEO search panel finalises potential candidate profile

Yes Bank Friday said the panel looking for a successor to MD and CEO Rana Kapoor has the finalised potential candidate profile. The Reserve Bank has refused to extend the tenure of Kapoor beyond January 31, 2019. Earlier this month, the private sector lender appointed US-based head hunter Korn Ferry to assist a panel searching for a successor of Kapoor. The bank's 'Search & Selection Committee' is headed by Independent Director Brahm Dutt. "The committee finalised the potential candidate profile. Korn Ferry also shared a representative list of candidate pool, based on initial industry mapping," Yes Bank said in a filing to stock exchanges. In September, the Yes Bank's board sought at least a three-month extension for Kapoor from the RBI beyond January 31, 2019, stating that finding a suitable successor is a "time consuming challenge". Last week, the Reserve Bank refused to grant more time to Kapoor and asked the lender to appoint his successor latest by February 1, 2019. Kapoor

YES Bank hits 4-week low over Q2 profit miss; brokerages trim target prices

YES Bank posted on Thursday its first drop in quarterly profit in at least three years, as the provisions for bad loans and mark-to-market losses more than doubled

YES Bank rebounds 11%, but still down 5% as Q2 profit misses estimates

The stock slipped 15% to Rs 169 in early morning trade after the private sector lender reported a lower than expected net profit in Q2FY19.

YES Bank Q2 net profit dips 3.8% to Rs 9.64 billion as provisions double

Net interest income rose 28% to Rs 24.17 bn from Rs 18.85 billion a year ago; Other income up 18% to Rs 14.73 bn

YES Bank's Q2 net profit declines 4% to Rs 9.647 bn, misses estimates

The bank's gross Non-Performing Assets (NPA) reduced to 1.60 per cent of its total assets at the end of September

Rana Kapoor proposes peace to retain control over YES Bank's operation

A YES Bank spokesperson said Kapoor had acted in his role as promoter and not as the bank's MD and CEO

YES Bank slips 8% after RBI rejects request to extend Rana Kapoor's term

The RBI said that a successor to Kapoor should be appointed by February 1, 2019. Kapoor's tenure was cut short by an order issued by the RBI recently.

RBI denies YES Bank request to extend MD & CEO Rana Kapoor's term

The bank has hired US-based advisory firm Korn Ferry to help with the selection process

RBI reaffirms Rana Kapoor's successor to be appointed by Feb 1: Yes Bank

The private sector lender's appointed committee is targeting to complete the recruitment process latest by mid December 2018, it added

Who will be Rana Kapoor's successor? YES Bank may select MD & CEO by Dec 15

A committee has been set up with three internal and two external members to search for suitable candidates

YES Bank up 6% on appointment of advisory firm Korn Ferry to find new CEO

The stock was up 6% to Rs 255 on the BSE in early morning trade, rallying 24% thus far in the current week as compared to 0.92% rise in the S&P BSE Sensex.

YES Bank appoints advisory firm Korn ferry to find Rana Kapoor's successor

On September 25, the bank had announced plans to ask the central bank for an extension of Kapoor's term as MD & CEO, which led to the bank being accused of not having a proper succession plan in place

YES Bank surges 15% intra-day ahead of its CEO search committee meeting

The stock moved higher by 15% to Rs 268, bouncing back 24% from its intra-day low of Rs 217 on the BSE.

YES Bank, DHFL, Goa Carbon, Philips Carbon gain over 40% from 52-week lows

YES Bank was up 5% to Rs 236, extending its past two days 9% gain, while Goa Carbon soared 19% to Rs 659, zooming 65% from its yesterday's 52-week low price of Rs 400 on the BSE.

YES Bank promoters Rana Kapoor, Madhu Kapur seek to settle differences

The bank's stock has plummeted since the RBI asked Rana Kapoor to exit as CEO by January 2019