Bigul

Yes Bank Depositors' Money Is Safe: Shaktikanta Das

He also said that the central bank will provide Yes Bank with more liquidity if required.
16-03-2020
Bigul

The steps needed to avert another YES Bank-like debacle

The steps needed to avert another YES Bank-like debacleThe collapse of Lehman Brothers showed that bank failure can have a catastrophic effect.
15-03-2020
Bigul

Yes Bank to write down Rs 8,415 crore of AT1 bonds

Private sector lender Yes Bank has said that its additional Tier I bonds worth Rs 8,415 crore will be written down.After considering capital infusio
15-03-2020
Bigul

Yes Bank Ltd - 532648 - Disclosure under Regulation 30 and 51 of SEBI (LODR) Regulations, 2015

Yes Bank Ltd has informed BSE regarding "Disclosure under Regulation 30 and 51 of SEBI (LODR) Regulations, 2015".
14-03-2020

Yes Bank's Rs 3,400cr booster shot | Should one buy the stock now?

The current moratorium on deposit withdrawal and capital infusion are just the first steps toward the revival of Yes Bank," Emkay Global said in a recent report, maintaining its sell call on the private sector lender
14-03-2020
Bigul

CBI files fresh case against Yes Bank founder Rana Kapoor, others

Kapoor and his wife along with others have been named in the fresh case lodged on Friday. The CBI, which is probing the corruption and criminal conspiracy angles in the Yes Bank case, is also raiding Delhi and Mumbai residences belonging to Kapoor and his family along with premises of several associated companies, the official added.
13-03-2020

IndusInd Bank says not evaluating YES Bank for investment

IndusInd Bank has addressed rumors of investing in YES Bank through a detailed disclosure, saying that IndusInd management is "neither contemplating nor evaluating such investment". The SBI Chief had earlier noted that there is "considerable interest" from the Indian financial sector for investment in YES Bank, but has yet to commit to any names. The RBI's plan for the recovery of YES Bank includes SBI subscribing to 245 crore shares at first, at a value of Rs10/share. This would give SBI an effective 49% stake in the reconstructed bank. YES Bank will need a lot more than the Rs. 2,450 crore SBI is planning to directly infuse into the bank. YES Bank's balance sheet is worth Rs. 3.5 lakh crore (SBI's is 50+ lakh crore). RBI is planning additional rounds of capital infusion into YES to bring it back to health. It is doing this via a plan of increasing the authorized share capital of to Rs 5000 crore and changing the number of shares to 2400 crores. SBI is planning to bring in additional players and funds to participate in these capital infusions, and bring the amount invested in YES Bank's recovery to at least 2.5 billion dollars - nearly Rs. 18,600 crore. The plan for additional rounds of capital means upcoming dilution of value per share for shareholders. investors will have to wait and watch for 1) Recent result performance and 2) Clear commitments from players for recapitalizing YES Bank.
12-03-2020
Next Page
Close

Let's Open Free Demat Account