Home Tags Yes bank

Topic: Yes bank

Labourers clean glass of newly build Indiabulls finance centre at Lower Parel area in Mumbai

Yes Bank’s troubles run deeper and a cleanup appears harder

RBI may eventually have to arrange for Yes Bank to be swallowed by a bigger bank. But a long line of suitors is unlikely.
Yes bank

Yes Bank under fire from RBI for making confidential report public

RBI said that Yes Bank's selective disclosures from an audit report by the RBI was a 'deliberate attempt' to mislead the public. Mumbai/Singapore: Yes Bank Ltd. came under fire from the Reserve Bank of India, which said its selective disclosures from an audit report by the regulator was a "deliberate attempt" to mislead the public. The risk assessment report on Yes Bank prepared by the RBI identified several lapses and regulatory breaches in various areas of functioning, the company said in a stock exchange filing on Friday, citing a letter from the regulator. A Yes Bank statement on Wednesday said the audit found "nil divergences" in an assessment of bad loans for the year to March 2018, which led its shares to surge the most since 2005 the next day. "Nil divergence is not an achievement to be published and is only compliance with the extant income recognition and asset classification norms,"...
Yes Bank has received the Reserve Bank of India's (RBI) approval to open two representative offices in London and Singapore. |

Troubled Yes Bank is now a ‘fallen angel’

Moody’s cuts Yes Bank’s credit rating to junk, which is rare for an Indian private sector bank.
Yes Bank

Yes Bank’s Rana Kapoor is playing a dangerous funding game with market money

Yes Bank’s stock has sunk 50 per cent in just three months.
Rana Kapoor

Yes Bank director quits, saying he’s unhappy with ‘developments’

Yes Bank has seen a spate of resignations in the past week as it continues its search for a new CEO to replace the incumbent, Rana Kapoor.

RBI shows it will hold managements of private banks accountable

The action of regulators against older generation leaders of 3 private banks is seen to benefit share holders in the long term.
Yes bank

Investors are spooked as Indian stock markets swing their wildest in more than 4 years

Yes Bank's shares sank to the lowest level since 2016 while Dewan Housing Finance Corp's dropped by 43 per cent.
Yes Bank

RBI wields the stick on bad loans by rejecting Yes Bank’s Rana Kapoor

Rana Kapoor’s removal illustrates just how far RBI is preparing to go to root out a system-wide legacy of shoddy lending.

Oh Yes Bank, you lost your CEO – for the greater good

After acting against Rana Kapoor, RBI will be forever held to a high standard and any compromises would damage its credibility.    

Yes Bank shares plunge after RBI defers CEO Rana Kapoor’s extension

Kapoor has received RBI approval to continue as managing director and CEO of the Mumbai-based lender until “further notice” from the regulator.

On Camera

PM Narendra Modi | Suraj Singh Bisht/ThePrint

4 reasons why Modi remains in the hunt for a second term

Without these 4 factors, Modi & BJP’s fortunes would have been sunk by govt's dismal performance on the economy, jobs & reckless steps like demonetisation.
GoT

Did the last season of Game of Thrones let down its legions of fans?

Many Game of Thrones fans across the world have demanded a remake of the 8th season of Game of Thrones saying the script didn’t match their expectations.

Defence

After 10-year wait, defence ministry to grant ex-servicemen status to military nurses

Military nurses had been seeking to be treated at par with other military officers, including doctors.
Illustration: Soham Sen | ThePrint

If Pragya Thakur wins this Thursday, Modi is in for an embarrassing 5 years

Never has one constituency had such a bearing on Indian nationalism and the pretence of a Gandhian polity. So what if PM Modi doesn’t forgive her in his heart?