Yes Bank shares gain on rise in MSCI index weightage
Analysts said the weightage change will take place at the end of August and the increase could translate into additional buying of $224 million.12-08-2016
12-08-2016
Clarification
Yes Bank Ltd has submitted to BSE a copy of Press Release dated August 11, 2016 being issue on Clarification on the news items.11-08-2016
Yes Bank to tank up on $1 bn via rights issue for growth drive
MUMBAI: Yes Bank is set to launch a $1-billion share sale to institutional investors in what would be the biggest such exercise this year to support its expansion and take advantage of an expected economic revival in India. The Rana Kapoor-controlled bank has mandated Goldman Sachs and Morgan Stanley as lead bankers to the issue, which is expected to be launched within 30 days, people with knowledge of the matter told ET. Motilal Oswal Securities has also been mandated for the qualified institutional placement (QIP), which will see a stake dilution of 12-14 per cent of the promoter holding, which is currently 21.88 per cent of the total. "The process is on and the banks are working on the transaction. If market conditions remain positive, we hope to launch the issue within the next two to four weeks," said one of the persons cited above. The fund infusion may add 150 basis points to the bank's capital adequacy ratio, which stood at 15.5 per cent in the June quarter. Yes Bank, Motilal Oswal and Morgan Stanley declined comment. Goldman Sachs didn't reply to queries. The bank shouldn't have any difficulty finding takers. "As long as Yes Bank continues to grow, it will require capital," said R Sreesankar, head of institutional equities at Prabhudas Lilladher, a broking firm. "A combination of factors, including the current pace of growth and asset quality maintenance, would prompt investors to subscribe to the QIP issue," said R Sreesankar of Prabhudas Lilladher. A share sale will fuel Yes Bank's aggressive growth strategy,...11-08-2016
Allotment of Shares
Yes Bank Ltd has informed BSE that the Bank has allotted 56,300 (Fifty Six Thousand and Three Hundred) equity shares of face value of Rs. 10/- each on August 10, 2016 under the JESOP IV, JESOP V, PESOP I and PESOPII - 2010.The paid up share capital of the Bank has accordingly been increased from Rs. 4,21,21,65,470 consisting of 42,12,16,547 equity shares of Rs. 10/- each to Rs. 4,21,27,28,470 consisting of 42,12,72,847 equity shares of Rs. 10/- each.10-08-2016
Yes Bank rolls out adoption leave under Yes We Care' initiative
Women employees adopting a child can take two months of paid leave for adopting a child of 6 years of age or below.09-08-2016
Yes Bank designing facility in Chennai to encourage collaboration among millennial workforce
NEW DELHI: Technology majors do it globally, and, for a while now, Indian tech players have also been hiring the best architects in the business to make their offices Gen-Y friendly. But now, a bank wants to turn the idea of a 'traditional bank' on its head. Yes Bank is designing its upcoming facility in Chennai to encourage more collaboration among its growing millennial workforce. With the average age of employees at 30-31 years, Yes Bank claims to have one of the youngest workforce in the sector today. With that in mind, it wants to renew its focus on operations and service delivery, starting with the new facility in Chennai, where it expects millennials to form a significant portion of its employee base. The facility, which will house 9,000 employees, will be spread over 4 lakh sqft initially, to be expanded to 9 lakh sqft in the next phase, and will feature bright colours and a collaborative environment. The idea behind it: benchmarking against the top Silicon Valley technology companies. "Headquarters of global Silicon Valley technology leaders and financial and non-financial companies have started to do this now," Deodutta Kurane, senior presidenthuman capital management at Yes Bank, told ET. "We are following the trend and want to make our employee experience delightful. The overall look and feel inside the working areas will have bright colours and will be energetic to promote an active and participative working environment." To begin with, the entrance will look and feel more like a hotel lobby and less like a traditional...05-08-2016
Buy YES Bank Ltd., target Rs 1484: Goldman Sachs
YES Bank is transforming itself from being a largely corporate oriented bank to a diversified franchise. There is potential for its market cap to treble to US$21 billion by FY2103-08-2016
Buy YES Bank Ltd., target Rs 1385.0 : Nomura, India
The key positive for the stock is a strong momentum on the retail franchise with retail loans growing at over 70 per cent29-07-2016
Yes Bank Q1 profit rises 32% to Rs731 crore
Yes Bank's net interest income increases 24.23% to Rs1,316.58 crore in the first quarter from Rs1,059.81 crore last year27-07-2016
Announces Q1 results (Standalone), Limited Review Report (Standalone) & Results Press Release for the Quarter ended June 30, 2016
Yes Bank Ltd has announced the following Unaudited Standalone results for the quarter ended June 30, 2016:The Bank has posted a net profit of Rs. 7318.00 million for the quarter ended June 30, 2016 as compared to Rs. 5512.00 million for the quarter ended June 30, 2015. Total Income has increased from Rs. 37970.20 million for the quarter ended June 30, 2015 to Rs. 47628.30 million for the quarter ended June 30, 2016.27-07-2016