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The fund-raising plan is subject to shareholder approval at the extraordinary general meeting, to be held on August 24
Yes Bank to cumulatively issue 3.69 billion equity shares at a price of Rs 13.78 per share to both investors; each investor will potentially acquire up to a 10% stake in the lender
Stocks to watch today: HDFC, Sun Pharma, and Cipla will report their June quarter results on Friday, July 29; Dr Reddy's saw 108 per cent YoY rise in consolidated net profit to Rs 1,187.6 crore in Q1.
The agency has also named Satyen Tandon as an accused in the charge sheet filed before a special CBI court in Mumbai, officials said.
CLOSING BELL: Among sectors, the Nifty Auto fell 1.7 per cent, while the Nifty Metal added 1.5 per cent
Stocks to watch today: Axis Bank, Tata Steel will report their June quarter 2022 results (Q1FY23) on Monday, July 25; Infosys delivered net profit for Q1 below street expectations at Rs 5,360 crore.
YES Bank's net interest income rose by 32 per cent in Q1FY23 to Rs 1,850 crore from Rs 1,404 crore in Q1FY22
YES Bank on Saturday reported 50 per cent increase in net profit at Rs 311 crore for June quarter 2022-23 on fall in provisions for bad loans, and healthy income growth
Carlyle's top executives and Advent's leaders in a series of meetings with Yes Bank and SBI's senior management, and RBI officials this week decided the contours of the investment plan
Former RBI Deputy Governor R Gandhi and professor Ananth Narayan Gopalakrishnan have ceased to be additional directors on the board of Yes Bank following a new board in place.
JC Flowers has been named as the base bidder for bad loans worth Rs 48,000 crore of YES Bank
The private sector lender is planning to raise up to $1 bn in FY23 to bolster its core capital base once the NPA challenge is over, says its MD & CEO Prashant Kumar
SBI is allowed to reduce the stake in the YES Bank at the end of Financial Year 2022-23 (FY23) but it may not decide about that this financial year due to volatile market conditions
Stocks to Watch Today: Alok Textiles, Ganesh Corporation, Hiedelbergcement, Bank of Maharashtra and Nelco to announce Q1 results on Monday.
This is being termed the single-largest bad loan deal
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The bank, in August, 2021 invited applications for setting up an ARC, planning to hold a 20 per cent stake in it. On the RBI's objection, it agreed to hold a minority stake in the ARC
YES Bank clarified that it had indeed started the process of seeking a partner for an asset reconstruction company through a public expression of interest, but added that the process is still underway
Domestic corporate scandals of recent vintage, such as Global Trust, Satyam, IL&FS or YES Bank, to name a few, have all been the result of implosions rather than employee revelations