The stock was up 3% at Rs 346 on the BSE after the bank said that it has received the final regulatory approval SEBI to commence its mutual fund business.
The lender said it has recruited a team to establish the operations under the guidance of the Board of Directors and trustees
The company said that Kapoor's re-appointment is subject to final approval by the Reserve Bank of India (RBI)
Reflecting the hardening of the bond yields since last November, the non-interest income grew by a slower 13 per cent to Rs 14.2 billion
The stock has moved higher by 9% to Rs 353 on the BSE on heavy volumes after the private sector lender said asset quality improved in March quarter sequentially.
Gross bad loans as a percentage of total loans stood at 1.28 per cent at end-March,Gross bad loans as a percentage of total loans stood at 1.28% at end-March
Yes Bank opened its first representative office in Abu Dhabi in April 2015
Yes Bank has acquired 89,781,906 equity shares, constituting 17.31 per cent of the paid up share capital of Fortis Healthcare Ltd
The Yes Bank scrip was trading 0.87 per cent lower at Rs 306.60 per share on BSE
The proceeds will be used for funding the bank's IFSC Banking Unit in Gift City (in Gujarat) and expand IBU's rapidly growing business opportunities
Net interest margin, the difference between the yield on advances and cost of fund, stood at 3.5%
On November 29, the Capital Raising Committee of the board of the bank had approved its proposal to set up the MTN programme
Yes Bank joined hands with leading institutionallender of EU, the European Investment Bank (EIB) to fund $400 million inrenewable energy projects. The fund aimed at a period of 15 years would aim atsupporting solar, wind, electric mobility and carbon mitigating infrastructureprojects. The fund would be shared half among the twopartners. The 15 year US$ 200 million EIB loan was approved by the EIB Board ofDirectors on 12th December and financial details of the new initiative areexpected to be finalised in the coming weeks, said the public statement issuedYes Bank. "The new financing programme willstreamline financing for a range of renewable energy projects being built andoperated by leading Indian corporations and private sector developers. Eligiblesolar projects have already been identified in the states of Rajasthan,Telangana, Maharashtra and Karnataka and additional wind and solar projects arecurrently being examined," said the statement. Speaking with Business Standard, Donal ...
Of the $400 million, the EIB will fund $200 million while the rest will be supported by Yes Bank, the project promoters and other financial institutions
Yes Bank will join the list of 30 most tracked stocks in the bellwether index S&P BSE Sensex from next week. Yes Bank will be included in the S&P BSE Sensex comprising of 30 companies with effect from December 18, 2017, Yes Bank said in a regulatory filing. The S&P BSE Sensex measures performance of the 30 largest, most liquid and financially sound companies across key sectors that are listed on BSE. Shares of the bank were trading 3.08 per cent up at Rs 313.25 on BSE.
The bank can raise money, in Indian or foreign currency through various means
YES Bank exercised a greenshoe option to raise $250 million in a five-year commercial loan from 17 Taiwanese banks
The funding will be provided to around 100 food processing projects with an average ticket size of Rs 10 crore each, the bank said in a statement.
YES Bank does not expect any further divergence between reported bad loan ratios and the central bank's assessment
The private lender market valuation fell by Rs 5,611.71 cr to Rs 70,370.29 cr