Friday, 19 August, 2022
TopicYes bank

Topic: Yes bank

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.

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.

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YourTurn

Farmers plant paddy saplings in a field | PTI Photo

Good news from the farm as India’s FY22 foodgrain production estimated at record 316 mn tonnes

Wheat production estimate sees marginal upward revision to 106.8 million tons, though current rate lowest in 3 years.

Defence

Su-57, the Russian 5th generation fighter aircraft Photo by Snehesh Alex Philip

Russia wants to build next generation tanks, submarines with India

As the second regiment of the S-400 Triumf air defence system starts getting delivered, Russia said it expects the serial production of AK 203 rifles in Amethi to begin in late 2022-early 2023.
NI 13.08

Tiranga vs Tiranga: Gloves are off as Kejriwal joins the ‘nationalism’ battle with Modi

Kejriwal’s maun vrat on Modi has ended. This is an important turn in Indian politics. In some ways rivalling the dramatic turn in Bihar.
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