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Friday, March 29, 2024
TopicYes bank

Topic: Yes bank

Yes Bank to sell up to $1.2 billion ‘sooner than market expects’ as it battles slump

Yes Bank stock surged 33% after CEO Ravneet Gill announced his plan of selling $1 billion-$1.2 billion of new shares to private equity investors and technology companies.

Yes Bank bonds slump to record low as shadow banking crisis continues

Yes Bank is at the epicenter of rising stress in India’s credit markets, where last year's shock defaults by a major infrastructure lender led to strains at other shadow banks.

Yes Bank slump, lowest in a decade, sparks selloff

Yes Bank is among lenders worst affected by the shadow banking crisis, which has seen small- and mid-sized lenders being hit the hardest.

Sensex dips 470 points, shares of Yes Bank plunges over 15%

Tata Motors, HDFC Bank, Bharti Airtel and Asian Paints were the only gainers, rising up to 1.97 % after stock-specific sell-off in index heavyweights dragged key indices lower.

Deal with Paytm could help troubled Yes Bank re-emerge as a digital lender

Yes Bank is a battered lender gasping for capital. A deal with Paytm could help the bank break free of its chequered past.

Yes Bank founder Rana Kapoor’s wealth shrinks by $1 billion

Rana Kapoor owns little over 10% of Yes Bank whose capital buffers have weakened and bad loan ratio widened.

Yes Bank shares drop 20% after profit misses estimates on bad loans

Yes Bank reported a profit of 12.6 billion rupees in the June quarter. It has set aside 17.8 billion rupees as bad loans provisions.

Yes Bank stocks fall 6% after report of borrower default on Rs 1,200 crore loan

Indian equities headed for their third decline in four days, paced by a drop in Yes Bank Ltd., after a report that a client defaulted on a loan.

Yes Bank plans to raise $1.2 billion to boost capital, CEO says

Yes Bank expects to recover loans made to Dewan Housing Finance, Anil Ambani’s companies & Essel Group by the end of September.

NBFC crisis threatens another bad loan crunch for Indian banks

Spreading debt woes have fueled talk that the NBFC crisis is entering a second, more dangerous, phase, posing broader risks to Indian financial system.

On Camera

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.