News

YES BANK collaborates with Zaggle to launch Next-Gen Corporate Credit Card  YES BANK announced the launch of an innovative co-branded Corporate Credit Card in collaboration with Zaggle, a leading player in spend management, with a differentiated value proposition and diversified user base. Christened ‘YES BANK Zaggle Corporate Credit Card’, the proposition marks a significant step in YES BANK’s journey towards ushering in a digital revolution by empowering businesses to reimagine their payment processes, streamline reconciliation, and effic...
YES BANK collaborates with Zaggle to launch Next-Gen Corporate Credit Card
YES BANK collaborates with Zaggle to launch Next-Gen Corporate Credit Card
Source: PR Agency
25/08/2023 7:15:36 PM
Yes Bank gains on introducing mobile banking app `iris by YES BANK` Yes Bank is currently trading at Rs. 17.02, up by 0.03 points or 0.18% from its previous closing of Rs. 16.99 on the BSE. The scrip opened at Rs. 17.00 and has touched a high and low of Rs. 17.18 and Rs. 17.00 respectively. So far 3518746 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 24.75 on 14-Dec-2022 and a 52 week low of Rs. 14.40 on 13-Mar-2023. Last one week high and low of the scrip stood at Rs. 17.39 a...
Yes Bank gains on introducing mobile banking app `iris by YES BANK`
Yes Bank gains on introducing mobile banking app `iris by YES BANK`
Source: Accord Fintech
18/08/2023 10:33:02 AM
India's private lenders grab brisk business at the cost of soaring attrition India's private lenders are contending with soaring attrition amid strong demand for loans and the rush to capture a larger share of the crowded market. Credit demand grew 15% last financial year and is seen expanding 10-12% this year, driven by retail loans. This growth is mounting pressure on the frontline staff and a jump in employee turnover raising risks of mis-selling and service disruption. HDFC Bank, India's largest private lender, saw its employee turnover rate over the...
India's private lenders grab brisk business at the cost of soaring attrition
India's private lenders grab brisk business at the cost of soaring attrition
Source: Reuters
27/07/2023 12:40:08 PM
India Yes Bank`s net profit rises 10.3% in April-June, misses estimates India's Yes Bank reported a smaller-than-expected increase in quarterly net profit on Saturday as it set aside more money for ageing bad loans and security receipts, denting the impact of higher net interest income. The private lender's standalone net profit rose 10.3% for the April-June quarter from the same period last year to 3.43 billion rupees ($5.25 million), missing analysts' average forecast of 3.80 billion rupees, according to Refinitiv data. Yes Bank's provisio...
India Yes Bank`s net profit rises 10.3% in April-June, misses estimates
India Yes Bank`s net profit rises 10.3% in April-June, misses estimates
Source: Reuters
22/07/2023 5:45:06 PM
Yes Bank soars on recording 13.5% growth in deposits during first quarter of FY24 Yes Bank is currently trading at Rs. 17.20, up by 0.38 points or 2.26% from its previous closing of Rs. 16.82 on the BSE. The scrip opened at Rs. 16.87 and has touched a high and low of Rs. 17.29 and Rs. 16.83 respectively. So far 15535909 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 24.75 on 14-Dec-2022 and a 52 week low of Rs. 12.56 on 06-Jul-2022. Last one week high and low of the scrip stood at Rs. 17.40 ...
Yes Bank soars on recording 13.5% growth in deposits during first quarter of FY24
Yes Bank soars on recording 13.5% growth in deposits during first quarter of FY24
Source: Accord Fintech
5/07/2023 10:57:57 AM
Yes Bank surges on getting nod to raise funds up to Rs 2,500 crore Yes Bank is currently trading at Rs. 16.13, up by 0.15 points or 0.94% from its previous closing of Rs. 15.98 on the BSE. The scrip opened at Rs. 16.01 and has touched a high and low of Rs. 16.30 and Rs. 16.01 respectively. So far 5576577 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 24.75 on 14-Dec-2022 and a 52 week low of Rs. 12.50 on 24-Jun-2022. Last one week high and low of the scrip stood at Rs. 16.73 a...
Yes Bank surges on getting nod to raise funds up to Rs 2,500 crore
Yes Bank surges on getting nod to raise funds up to Rs 2,500 crore
Source: Accord Fintech
26/06/2023 2:37:38 PM
India`s Yes Bank to raise $305 million in debt Indian private lender Yes Bank said on Friday that it will raise up to 25 billion rupees (about $305 million) through debt securities. The fundraise may be in Indian or foreign currency and the instruments may include, but not be limited to, non-convertible debentures, bonds, medium-term notes, the bank said. ($1 = 81.9918 Indian rupees)
India`s Yes Bank to raise $305 million in debt
India`s Yes Bank to raise $305 million in debt
Source: Reuters
24/06/2023 8:53:38 AM
Chairman Emeritus and MD of large listed company diverted public money: SEBI reply to SAT in Zee matter The Securities and Exchange Board of India (SEBI) in its reply in the matter of Zee Enterprises to Securities and Appellate Tribunal (SAT) has pointed out that Chairman Emeritus Subhash Chandra and Managing Director and CEO Punit Goenka of this large listed company have diverted public money to private entities. "In the instant case, we have a situation before us where the Chairman Emeritus and the Managing Director and CEO of this large listed company are involved in a myriad of diff...
Chairman Emeritus and MD of large listed company diverted public money: SEBI reply to SAT in Zee matter
Chairman Emeritus and MD of large listed company diverted public money: SEBI reply to SAT in Zee matter
Source: IANS
18/06/2023 4:10:47 PM
RBI rejects Akash Suri's appointment as CEO of JC Flowers Yes Bank ARC In a major setback to Yes Bank, sources close to developments have revealed that the Reserve Bank of India (RBI) has rejected the appointment of Akash Suri as the CEO of the JC Flowers Yes Bank ARC. Suri, before being appointed as CEO of the JC Flowers ARC, was the group president and national head of Yes Bank's asset reconstruction business. In July 2022, Yes Bank entered into a partnership with New York based JC Flowers to form an ARC for the sale of identified stressed loans of t...
RBI rejects Akash Suri's appointment as CEO of JC Flowers Yes Bank ARC
RBI rejects Akash Suri's appointment as CEO of JC Flowers Yes Bank ARC
Source: IANS
14/06/2023 2:36:33 PM
India's Yes Bank aims to expand margins by 100 bps in next 3 years - MD  India's Yes Bank sees scope to expand its net interest margin by 100 basis points over the next three years by raising more low-cost deposits and lending to higher-yield clients, its managing director and CEO told Reuters on Wednesday. The push to improve net interest margins (NIM), together with lower loan-loss provisions, is part of an effort to boost profitability at the lender, which was rescued by a consortium of state-owned entities and private banks in 2020 after a dramati...
India's Yes Bank aims to expand margins by 100 bps in next 3 years - MD
India's Yes Bank aims to expand margins by 100 bps in next 3 years - MD
Source: Reuters
7/06/2023 5:35:54 PM
PayU, Visa and YES BANK launch Business Payment Solution Provider program for businesses PayU, India's leading online payments solution provider has launched Business Payment Solution Provider (BPSP) for Visa Commercial Card customers in collaboration with Visa & YES BANK as the acquiring bank.   BPSP offers several benefits including flexible commercial offerings, which reduce costs for merchants. It also helps them improve their cash flow by utilizing credit lines provided by their commercial card issuer bank. This solution allows businesses to pay their...
PayU, Visa and YES BANK launch Business Payment Solution Provider program for businesses
PayU, Visa and YES BANK launch Business Payment Solution Provider program for businesses
Source: PR Agency
1/06/2023 5:56:54 PM
Goldi Solar ties-up with Yes Bank to finance solar projects for MSME customers Goldi Solar, India's most quality-conscious solar brand, has partnered with YES BANK to finance solar projects for its Micro, Small and Medium Enterprises (MSME) customers, through YES BANK’s YES KIRAN programme. Under this programme, the Bank will offer financial assistance to MSME manufacturers, who wish to install solar panels at their premises.   The platform will process all the loan applications for solar projects sourced from across the country for installation by ...
Goldi Solar ties-up with Yes Bank to finance solar projects for MSME customers
Goldi Solar ties-up with Yes Bank to finance solar projects for MSME customers
Source: PR Agency
10/05/2023 3:58:45 PM
Paytm Travel Carnival offers exciting discounts on flights, buses, trains One97 Communications Limited (OCL), that owns India's leading payments and financial services company Paytm, on Wednesday announced 'Paytm Travel Carnival' from May 1-5. With this sale, users will be able to book flight, train and bus tickets for the summer holiday season through Paytm app and get attractive discounts, said the company. The carnival will see participation from major airlines -- IndiGo, SpiceJet, GoFirst, Vistara, Akasa Air, AirAsia, and Air India. The com...
Paytm Travel Carnival offers exciting discounts on flights, buses, trains
Paytm Travel Carnival offers exciting discounts on flights, buses, trains
Source: IANS
3/05/2023 3:17:52 PM
Pine Labs joins ICICI Bank to accept digital rupee on its PoS terminals Merchant commerce omni-channel platform Pine Labs on Tuesday announced the acceptance of digital rupee on its point of sale (PoS) terminals in partnership with ICICI Bank. To begin with, Pine Labs will accept e-rupee across key retail outlets in Mumbai and Bengaluru via dynamic QR, built within its smart Android PoS terminals. "Central bank digital currency (CBDC) and digital rupee opens up exciting opportunities. Pine Labs is happy to partner with ICICI Bank in launching CBDC as a...
Pine Labs joins ICICI Bank to accept digital rupee on its PoS terminals
Pine Labs joins ICICI Bank to accept digital rupee on its PoS terminals
Source: IANS
2/05/2023 12:55:40 PM
Hold Yes Bank for Target Rs. 13.5 - ICICI Securities YES Bank reported a mixed set of Q4FY23 earnings with healthy business growth,NIMs and improvement in headline net stress, though profitability (RoA at 0.2%) remained weak due to continued investment in franchise and retail orientation. Despite sectoral headwinds, we have been impressed by YES Bank’s remarkable progress in ‘retailisation’ of balance sheet, sharp clean-up in asset quality and improved capital levels. The bank appears to be the preferred banker to ‘Di...
Hold Yes Bank for Target Rs. 13.5 - ICICI Securities
Hold Yes Bank for Target Rs. 13.5 - ICICI Securities
Source: ICICI Securities
25/04/2023 11:42:19 AM
Yes Bank drops on reporting 45% fall in Q4 consolidated net profit Yes Bank is currently trading at Rs. 15.74, down by 0.48 points or 2.96% from its previous closing of Rs. 16.22 on the BSE. The scrip opened at Rs. 15.50 and has touched a high and low of Rs. 15.99 and Rs. 15.48 respectively. So far 24565256 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 24.75 on 14-Dec-2022 and a 52 week low of Rs. 12.26 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 17.3...
Yes Bank drops on reporting 45% fall in Q4 consolidated net profit
Yes Bank drops on reporting 45% fall in Q4 consolidated net profit
Source: Accord Fintech
24/04/2023 3:13:09 PM
India Yes Bank`s net profit drops 45% in January-March on higher provisions India's Yes Bank on Saturday reported a near 45% drop in net profit year-on-year for the January-March quarter as provisions for bad loans increased. Net profit fell to 2.02 billion Indian rupees ($24.63 million) for the reporting quarter from 3.67 billion rupees in the same period a year earlier. Compared with the previous quarter, net profit was three times higher, owing to a low base in the prior period. Profit was well below the 2.88 billion rupees forecast by analysts, according t...
India Yes Bank`s net profit drops 45% in January-March on higher provisions
India Yes Bank`s net profit drops 45% in January-March on higher provisions
Source: Reuters
22/04/2023 2:46:57 PM
Add Tata Communications Ltd For Target Rs.1426 - Yes Securities Mixed operating performance with Data business showing sustained momentum Result Synopsis Tata Communication (TCOM) reported mixed performance for the quarter. Both, the sequential revenue growth and EBITDA margin were slightly below estimates. It reported sequential revenue growth of 0.9% QoQ, led by increase in the revenue of Digital Platforms and Services by 2.3% QoQ. Voice revenue declined by 8.7% QoQ; while data revenue increased by 2.1% QoQ. There was sequential decline in EBITDA ...
Add Tata Communications Ltd For Target Rs.1426 - Yes Securities
Add Tata Communications Ltd For Target Rs.1426 - Yes Securities
Source: Yes Securities Ltd
21/04/2023 10:55:34 AM
India`s Yes Bank drops as three-year share lock-in period ends  Shares of India's Yes Bank Ltd fell as much as 12.7% to a seven-month low on Monday at the end of a three-year lock-in period that barred investors from selling stock they had acquired as part of the lender's restructuring. The Reserve Bank of India (RBI) had required Yes Bank's shareholders, which includes the State Bank of India (SBI) and other private lenders, to hold on to 75% of the shares acquired as part of the restructuring in March 2020. Yes Bank shares have f...
India`s Yes Bank drops as three-year share lock-in period ends
India`s Yes Bank drops as three-year share lock-in period ends
Source: Reuters
13/03/2023 12:47:04 PM
Pamper the women in your life with gifts from Apple and other big brands at Vijay Sales` Women`s Day Sale Women's Day is quickly approaching, and what better way to make them feel special than by letting them indulge in some mind-blowing shopping therapy. To make this occasion extra special, Vijay Sales, the leading consumer retail company has rolled out a fantastic Women’s Day sale across its 120+ physical stores and their website www.vijaysales.com. Customers can get hefty discounts on Apple products and across a wide range of categories like smart wearables, tablets, smart phone...
Pamper the women in your life with gifts from Apple and other big brands at Vijay Sales` Women`s Day Sale
Pamper the women in your life with gifts from Apple and other big brands at Vijay Sales` Women`s Day Sale
Source: PR Agency
6/03/2023 3:15:46 PM
India`s SBI may look to cut Yes Bank stake once lock-in ends -sources State Bank of India may look to lower its stake in Yes Bank after a lock-in period ends on March 6, which was put in place by the central bank as a part of the lender's restructuring, two sources told. SBI, India's largest bank, does not want to permanently retain a stake in Yes Bank and would want to trim its holdings, albeit in phases, one of the sources told Reuters on condition of anonymity. "The percentage of equity dilution that the bank intends to do will have to be ...
India`s SBI may look to cut Yes Bank stake once lock-in ends -sources
India`s SBI may look to cut Yes Bank stake once lock-in ends -sources
Source: Reuters
2/03/2023 5:21:30 PM
Yes Bank declines on reporting 79% fall in Q3 consolidated net profit Yes Bank is currently trading at Rs. 18.20, down by 1.60 points or 8.08% from its previous closing of Rs. 19.80 on the BSE. The scrip opened at Rs. 17.35 and has touched a high and low of Rs. 18.60 and Rs. 17.35 respectively. So far 52147315 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 24.75 on 14-Dec-2022 and a 52 week low of Rs. 12.11 on 30-Mar-2022. Last one week high and low of the scrip stood at Rs. 20.5...
Yes Bank declines on reporting 79% fall in Q3 consolidated net profit
Yes Bank declines on reporting 79% fall in Q3 consolidated net profit
Source: Accord Fintech
23/01/2023 3:53:31 PM
India's Yes Bank reports surprise 80% plunge in quarterly profit MUMBAI - India's Yes Bank reported a surprise 80% plunge in quarterly profit on Saturday as provisions for bad loans increased. Net profit fell to 515.20 million rupees ($6.36 million) for the three months through December from 2.66 billion rupees in the same period a year earlier. Analysts had expected profit to rise to 3.36 billion rupees, according to Refinitiv IBES data. But net interest margin, a key indicator of a bank's profitability, rose 10 basis points to 2.5%. ...
India's Yes Bank reports surprise 80% plunge in quarterly profit
India's Yes Bank reports surprise 80% plunge in quarterly profit
Source: Reuters
21/01/2023 3:45:07 PM
IIM Udaipur registers jump in average stipend in summer placements IIM Udaipur registered an average stipend increase of 28.20 per cent in the summer placement of MBA Batch of 2022-24, as a record 319 students secured summer placements. The highest stipend for the batch reached Rs 4 lakh and the average stipend grew by 28.20 per cent to Rs 1.45 lakh. The median stipend for the batch is Rs 1.4 lakh - a significant jump from the previous year. Consulting sector saw a remarkable upswing, in the number of internships increasing by 108 per cent compared to las...
IIM Udaipur registers jump in average stipend in summer placements
IIM Udaipur registers jump in average stipend in summer placements
Source: IANS
10/01/2023 9:18:46 AM
BaaS startup Falcon partners with YES BANK to tap into Embedded Finance Market YES BANK today, announced that it has partnered with Banking-as-a-service (BaaS) start-up, Falcon, to tap into the rapidly growing embedded finance market.   YES BANK is one of the pioneering banks that have embraced the BaaS model, which helps in rationalising technology cost and significantly reduces time-to-market, thereby empowering the bank to launch competitive offerings more frequently.   The partnership with Falcon will enable YES BANK to provide customers with t...
BaaS startup Falcon partners with YES BANK to tap into Embedded Finance Market
BaaS startup Falcon partners with YES BANK to tap into Embedded Finance Market
Source: PR Agency
3/01/2023 5:29:42 PM
India`s Yes Bank completes transfer of $5.81 billion worth bad loans to J.C. Flowers Indian private lender Yes Bank said on Monday it completed the transfer of bad loans worth 480 billion rupees ($5.81 billion) to private equity firm J.C. Flowers, in a deal aimed at cleaning up its balance sheet. The deal, the largest sale of bad loans in the Indian banking sector yet, comes more than two years after the central bank stepped in to take control of the lender after a dramatic rise in toxic assets alarmed investors and depositors. The lender's stock has shown signs of ...
India`s Yes Bank completes transfer of $5.81 billion worth bad loans to J.C. Flowers
India`s Yes Bank completes transfer of $5.81 billion worth bad loans to J.C. Flowers
Source: Reuters
19/12/2022 2:04:00 PM
Key Stock News: Yes Bank, Adani Transmission, IL&FS, Reliance Capital - ARETE Securities Carlyle, Advent buy 9.99% stake in Yes Bank, to pump in about Rs 8,896 cr Yes Bank on Tuesday said private equity majors Carlyle Group and Advent have picked up 9.99 per cent stake in the bank. The two private equity (PE) funds together would pump in about Rs 8,896 crore in Yes Bank with full conversion of warrants into equity. The bank has allotted a total of 369.61 crore shares of face value Rs 2 each and 255.97 share warrants convertible into equity shares of face value Rs 2 each ...
Key Stock News: Yes Bank, Adani Transmission, IL&FS, Reliance Capital - ARETE Securities
Key Stock News: Yes Bank, Adani Transmission, IL&FS, Reliance Capital - ARETE Securities
Source: ARETE Securities Ltd
14/12/2022 9:31:50 AM
India cenbank says digital currency transactions to stay largely anonymous Transactions via central bank digital currencies (CBDCs) would remain anonymous "to a certain degree", a top official at the Reserve Bank of India (RBI) said on Wednesday, adding that technology and legal provisions can be explored to ensure that anonymity. India started the pilot project for its digital currency, or e-rupee, from Nov 1, when it was opened for initial trial. Then only being used by banks for settlements with each other, the scope of the project was expanded to...
India cenbank says digital currency transactions to stay largely anonymous
India cenbank says digital currency transactions to stay largely anonymous
Source: Reuters
7/12/2022 9:21:22 AM
Digital payments in India touch Rs 38.3 lakh cr at over 23 bn transactions The Unified Payments Interface (UPI), debit and credit cards, prepaid payment instruments like mobile wallets, and prepaid cards logged 23.06 billion transactions amounting Rs 38.3 lakh crore in the third quarter this year, a new report showed on Monday. At the top, the UPI clocked over 19.65 billion transactions in volume and Rs 32.5 lakh crore in terms of value. The UPI transactions volume and value almost doubled since last year as it recorded about an 88 per cent increase in volume ...
Digital payments in India touch Rs 38.3 lakh cr at over 23 bn transactions
Digital payments in India touch Rs 38.3 lakh cr at over 23 bn transactions
Source: IANS
5/12/2022 4:40:09 PM
India's RBI gives conditional nod to Carlyle, Advent for Yes Bank stake buy India's central bank has given conditional approval to U.S. private equity firms Carlyle Group Inc and Advent International for their purchase of a combined 20% stake in Yes Bank, the private-sector lender said on Thursday. "The investors are evaluating the conditions," Mumbai-based Yes Bank said, adding that the bank and the investors will engage with the Reserve Bank of India to seek an early resolution of the conditions and get final approval. It was not immediately cle...
India's RBI gives conditional nod to Carlyle, Advent for Yes Bank stake buy
India's RBI gives conditional nod to Carlyle, Advent for Yes Bank stake buy
Source: Reuters
1/12/2022 5:12:06 PM
RBI to launch first pilot for retail digital Rupee on December 01 The Reserve Bank of India (RBI) is all set to launch the first pilot for retail digital Rupee on December 01, 2022.  The pilot would cover select locations in closed user group (CUG) comprising participating customers and merchants. The retail digital Rupee would be in the form of a digital token that represents legal tender. It would be issued in the same denominations that paper currency and coins are currently issued. It would be distributed through intermediaries, i.e., banks. Use...
RBI to launch first pilot for retail digital Rupee on December 01
RBI to launch first pilot for retail digital Rupee on December 01
Source: Accord Fintech
30/11/2022 3:15:41 PM
India central bank to start pilot of retail digital rupee on December 1 The Reserve Bank of India's first pilot for a retail e-rupee, its version of the central bank digital currency (CBDC), will be launched on Dec. 1, it said in a statement on Tuesday. The pilot will cover select locations in a closed user group comprising participating customers and merchants, the central bank said. "It would be issued in the same denominations that paper currency and coins are currently issued," the statement added. "It would be distributed through int...
India central bank to start pilot of retail digital rupee on December 1
India central bank to start pilot of retail digital rupee on December 1
Source: Reuters
29/11/2022 4:31:34 PM
Flagship Adani firm to raise $2.45 billion via new share sale Adani Enterprises, the flagship company of ports-to-energy conglomerate Adani Group, said it will raise 200 billion Indian rupees ($2.45 billion) through India's largest follow-on public offering of new shares. The proposed fund raise comes as the group led by Gautam Adani, the world's third richest person, aggressively expands into an slew of sectors including cement and healthcare, amid some concerns about its elevated debt levels and large promoter shareholding. The share off...
Flagship Adani firm to raise $2.45 billion via new share sale
Flagship Adani firm to raise $2.45 billion via new share sale
Source: Reuters
25/11/2022 4:15:54 PM
Indian bank stocks` record rally to continue as balance sheets strengthen Stocks of Indian lenders have rallied this year to touch a record high on Wednesday and analysts believe the party is likely to continue as banks issued robust earnings reports for the latest quarter. The Nifty public sector bank index has jumped about 50% so far this year and the bank index has risen roughly 17%, handily outperforming the benchmark Nifty 50 index's approximately 4% gain. This comes at a time when credit growth is at a multi-year high and bad loans across lenders ha...
Indian bank stocks` record rally to continue as balance sheets strengthen
Indian bank stocks` record rally to continue as balance sheets strengthen
Source: Reuters
10/11/2022 2:08:15 PM
Indian e-rupee to boost digital payments sans bank accounts  A central bank digital currency (CBDC) can play a key role in providing access to digital payments without the requirement of a bank account and the access would be facilitated by a central bank-issued digital wallet, said industry stakeholders. The rollout of the e-rupee has been one of the most sought-after developments, since its announcement in the FY23 Union budget. Jaya Vaidhyanathan, CEO of BCT Digital, said that the RBI's commencement of the pilot of the digital rupee ...
Indian e-rupee to boost digital payments sans bank accounts
Indian e-rupee to boost digital payments sans bank accounts
Source: IANS
6/11/2022 12:08:43 PM
RBI to launch digital rupee pilot project today The Reserve Bank of India (RBI) will today launch the nation's first digital rupee pilot project for the wholesale segment. In a statement, the central bank said that it will "soon commence pilot launches of Digital Rupee (ea,) for specific use cases. Accordingly, the first pilot in the Digital Rupee - Wholesale segment (ea,-W) shall commence on November 1, 2022". The central bank further informed that "the first pilot in Digital Rupee - Retail segment (ea,-R) is plan...
RBI to launch digital rupee pilot project today
RBI to launch digital rupee pilot project today
Source: IANS
1/11/2022 9:53:45 AM
Yes Bank gains despite reporting 28% fall in Q2 consolidated net profit Yes Bank is currently trading at Rs. 15.75, up by 0.15 points or 0.96% from its previous closing of Rs. 15.60 on the BSE.   The scrip opened at Rs. 15.60 and has touched a high and low of Rs. 15.95 and Rs. 15.50 respectively. So far 8415366 shares were traded on the counter.   The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 18.20 on 09-Sep-2022 and a 52 week low of Rs. 12.09 on 30-Nov-2021.   Last one week high and low of ...
Yes Bank gains despite reporting 28% fall in Q2 consolidated net profit
Yes Bank gains despite reporting 28% fall in Q2 consolidated net profit
Source: Accord Fintech
27/10/2022 3:18:13 PM
India's Yes Bank quarterly profit falls 32% on provision set-asides India's Yes Bank said on Saturday its profit fell in the July-September quarter as it set aside more provisions for bad loans recorded in previous quarters. The private lender's net profit declined 32% from a year ago to 1.53 billion rupees ($18.5 million). Analysts had expected a profit of 3.69 billion rupees, according to Refinitiv IBES data. The bank's asset quality improved as gross non-performing assets declined to 12.9% of total loans from 13.4% in the June quarter. Ne...
India's Yes Bank quarterly profit falls 32% on provision set-asides
India's Yes Bank quarterly profit falls 32% on provision set-asides
Source: Reuters
22/10/2022 6:19:46 PM
CCI clears acquisition of 10% stake in Yes Bank by CA Basque Investments  The Competition Commission of India (CCI) on Thursday approved the acquisition of 10 per cent stake in Yes Bank Limited by CA Basque Investments. The proposed combination pertains to CA Basque acquiring up to 10 per cent of the total paid up share capital and voting rights of Yes Bank, by way of subscription to equity shares and warrants. CA Basque is a newly-formed special purpose vehicle (incorporated in the Mauritius), and is fully owned by CA Marans Investments (Mauritius), wh...
CCI clears acquisition of 10% stake in Yes Bank by CA Basque Investments
CCI clears acquisition of 10% stake in Yes Bank by CA Basque Investments
Source: IANS
21/10/2022 12:20:45 PM
Yes Bank moves higher as its deposits up 13.2% in Q2FY23 Yes Bank is currently trading at Rs. 16.15, up by 0.75 points or 4.87% from its previous closing of Rs. 15.40 on the BSE. The scrip opened at Rs. 15.60 and has touched a high and low of Rs. 16.20 and Rs. 15.60 respectively. So far 6730540 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 18.20 on 09-Sep-2022 and a 52 week low of Rs. 12.09 on 30-Nov-2021. Last one week high and low of the scrip stood at Rs. 16.25 a...
Yes Bank moves higher as its deposits up 13.2% in Q2FY23
Yes Bank moves higher as its deposits up 13.2% in Q2FY23
Source: Accord Fintech
4/10/2022 3:41:50 PM
13 firms signed pact to access data on ULIP: Government The Unified Logistics Interface Platform (ULIP), launched by Prime Minister Narendra Modi as part of the National Logistics Policy (NLP) on September 17, has received good response from the industry, the Ministry of Commerce and Industry said on Saturday. Till date, 13 organisations -- MapMyIndia, CargoExchange, Freight Fox, Conmove, Intugine, Eikonatech, Yes Bank, Superprocure, CargoShakti, CloudStrats, Shyplite, APSEZL and AITWA -- have signed non-disclosure agreement (NDA) to access dat...
13 firms signed pact to access data on ULIP: Government
13 firms signed pact to access data on ULIP: Government
Source: IANS
2/10/2022 9:52:05 AM
India's Dish TV falls 10% as shareholders reject results, auditor appointment  Shares of Dish TV fell as much as 10% on Tuesday, a day after the broadcast satellite service provider's share holders rejected audited statements for last two fiscals, appointments of a new auditor and an independent director. Yes Bank, which holds an about 25% stake in Dish TV, has been pushing for a board reconstitution, citing corporate governance issues.   (Reporting by Nallur Sethuraman in Bengaluru; Editing by Rashmi Aich)
India's Dish TV falls 10% as shareholders reject results, auditor appointment
India's Dish TV falls 10% as shareholders reject results, auditor appointment
Source: Reuters
27/09/2022 12:25:38 PM
Vijay Sales rolls out its massive Grand Electronics sale at Stores Mumbai: The festive season in the new normal is here, bringing all the more reasons to shop and splurge this time. To add to this moment of cheer, Vijay Sales, India’s leading consumer retail company, is live with its much-awaited Grand Electronics sale at all its physical stores and website www.vijaysales.com. Consumers can avail of massive discounts on Mobile Phones, Home electronics, entertainment gadgets, Appliances & more from their favourite brands till September 26,...
Vijay Sales rolls out its massive Grand Electronics sale at Stores
Vijay Sales rolls out its massive Grand Electronics sale at Stores
Source: PR Agency
24/09/2022 9:21:25 AM
Fintech platform Mintoak enabling banks to digitally empower merchant ecosystem  India's fintech market is expected to reach $1 trillion by 2030, from $31 billion in 2021, according to Chief Economic Advisor Dr V. Anantha Nageswaran. As the fintech industry aims to reach new horizons, Mintoak, a homegrown embedded fintech platform is enabling banks to digitally empower their merchant ecosystem by powering digital payments and financial services. Mintoak has built a modularised, cloud-native, API-first payments Platform-as-a-Service (PaaS) that allows their ba...
Fintech platform Mintoak enabling banks to digitally empower merchant ecosystem
Fintech platform Mintoak enabling banks to digitally empower merchant ecosystem
Source: IANS
22/09/2022 4:27:11 PM
Yes Bank shines on getting nod to sell stressed assets worth Rs 48000 crore to JC Flowers ARC Yes Bank is currently trading at Rs. 16.90, up by 0.50 points or 3.05% from its previous closing of Rs. 16.40 on the BSE. The scrip opened at Rs. 16.80 and has touched a high and low of Rs. 17.20 and Rs. 16.75 respectively. So far 15580687 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 18.20 on 09-Sep-2022 and a 52 week low of Rs. 12.09 on 30-Nov-2021. Last one week high and low of the scrip stood at Rs. 17.60 ...
Yes Bank shines on getting nod to sell stressed assets worth Rs 48000 crore to JC Flowers ARC
Yes Bank shines on getting nod to sell stressed assets worth Rs 48000 crore to JC Flowers ARC
Source: Accord Fintech
21/09/2022 12:49:16 PM
Yes Bank to approve J.C. Flowers as buyer for its $6 billion stressed loan portfolio Indian lender Yes Bank is likely to approve the transfer of stressed assets worth 480 billion rupees ($6 billion) to private equity firm J.C. Flowers at its next board meeting, said a source with direct knowledge. A rival consortium led by private equity firm Cerberus and Asset Reconstruction Company of India withdrew its bid after submitting an expression of interest earlier this year, two sources said. "We evaluated the loan accounts carefully and realised that there were so many...
Yes Bank to approve J.C. Flowers as buyer for its $6 billion stressed loan portfolio
Yes Bank to approve J.C. Flowers as buyer for its $6 billion stressed loan portfolio
Source: Reuters
9/09/2022 5:45:16 PM
Yes Bank rises on signing MoU with GIFT City Yes Bank is currently trading at Rs. 16.90, up by 0.10 points or 0.60% from its previous closing of Rs. 16.80 on the BSE. The scrip opened at Rs. 16.60 and has touched a high and low of Rs. 17.05 and Rs. 16.55 respectively. So far 7490691 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 17.88 on 02-Aug-2022 and a 52 week low of Rs. 10.83 on 09-Sep-2021. Last one week high and low of the scrip stood at Rs. 17.35 a...
Yes Bank rises on signing MoU with GIFT City
Yes Bank rises on signing MoU with GIFT City
Source: Accord Fintech
7/09/2022 11:38:30 AM
Moody`s upgrades Yes Bank`s rating to Ba3 from B2, changes outlook to stable Moody's Investors Services has upgraded Bank's long-term foreign currency issuer rating and long-term foreign and local currency bank deposit ratings to Ba3 from B2, a release said. The bank's Baseline Credit Assessment (BCA) and Adjusted BCA has also been upgraded to b1 from b3.Yes The rating agency has also changed the outlook on the bank's ratings, where applicable, to stable from positive. "The upgrade of Yes Bank's BCA and ratings reflects the bank's...
Moody`s upgrades Yes Bank`s rating to Ba3 from B2, changes outlook to stable
Moody`s upgrades Yes Bank`s rating to Ba3 from B2, changes outlook to stable
Source: IANS
5/08/2022 9:21:48 AM