Tag Archives: Yes

RBI slaps Rs 1 cr fine on Yes Bank for non-compliance in Swift operations

Private sector lender Yes BankNSE -0.06 %Tuesday said the Reserve Bank of India has slapped a fine of Rs 1 crore on the bank for non-compliance of directions on SwiftNSE 4.92 % messaging software. “The Reserve Bank of India (RBI)… has levied an aggregate penalty of Rs 10 million (Rs 1 crore) on the bank for non-compliance of regulatory directions observed during assessment ... Read More »

Yes Bank picks Deutsche India’s Ravneet Gill as Rana Kapoor successor

Yes Bank has received RBI’s approval to appoint Ravneet Gill as the MD CEO. (Image: Facebook) Private sector lender Yes Bank Thursday named Ravneet Singh Gill, currently heading Deutsche Bank India, as the managing director and chief executive to succeed Rana Kapoor, whose term ends on January 31. The Reserve Bank had last September asked Rana Kapoor, who is one ... Read More »

Stocks in the news: YES, Bandhan Bank, Titan Company, ONGC and Sobha

NEW DELHI: Nifty futures on the Singapore Exchange were trading 107.50 point, or 1 per cent, higher at 10,886, indicating a strong start for the Nifty50. Here are a few stocks which may buzz the most in today’s trade: Bandhan Bank: Bandhan Banks’s talks with HDFC to either buy into or merge with Gruh Finance, a mortgage-lender for the less affluent, ... Read More »

Yes Bank may give 50% upside by FY19 end: Akash Jain

We believe Yes Bank will get rerated after reporting stellar Q4FY18 results. Before results, we were expecting an upside of 30 percent plus by FY19 end. After this strong performance, we would not be surprised if it delivers 50 percent upside from current market price by FY19 end. As expected, the results of the Bank were above expectations. What we like the ... Read More »

Yes Bank raises $400 million loans from Japan, Taiwan

Midsize private sector lender Yes Bank has raised $400 million in syndicated loans from lenders in Taiwan and Japan for on-lending to clients. It exercised a greenshoe option to raise $250 million in a five year commercial loan from 17 Taiwanese banks, a statement said. In Japan, it raised JPY 16.5 billion or $150 million from eight lenders in a ... Read More »

A further re-rating on the cards for Yes Bank?

It was a quarterly performance that ticked all boxes. Stung by the bad press of the previous quarter’s numbers, Yes Bank seems to have been determined to erase all the memories. So not just the numbers, but the quality of disclosure, too, was superior this time around. With best-in-class asset quality, strong growth momentum and a focused approach to retail banking, Yes ... Read More »

U.S. economy poised for faster growth? Leading indicators say yes

The U.S. economy might be accelerating, according to the leading economic indicators. A broad measure of how well the U.S. economy is performing surged in June after a strong gain in May, suggesting growth could speed up in the months ahead. The leading economic index jumped 0.6% last month after a revised 0.4% increase in May, the Conference Board said ... Read More »

Yes Bank shares fall nearly 4% on rising bad loan provisions

The fall in Yes Bank shares on Thursday was the maximum in five months. Photo: Bloomberg Mumbai: Shares of Yes Bank Ltd on Thursday fell as much as 6.5%, its steepest fall in five months, after the company reported a sharp rise in its bad loan provisions, following Reserve bank of India’s new asset quality rules and exposure to Jaiprakash ... Read More »