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Mint

Yes Bank share are down by -0.17%, Nifty up by 0.22%

Yes Bank Share Price Today on 18-09-2024: On the last trading day, Yes Bank opened at ₹23.45 and closed at ₹23.36. The stock reached a high of ₹23.57 and a low of ₹23.30 during the day.

The Economic Times

SpiceJet to utilise QIP proceeds to stabilise its 'financial health'

Through the QIP, the struggling carrier is aiming to raise funds by selling shares to eligible institutional participants. ICICI and Indian Bank are yet to give consent for the QIP whereas Yes Bank has given the consent, said the carrier. ET earlier reported that promoter Ajay Singh's share may be diluted by more than 10% through the QIP.

Mint

Yes Bank share are down by -0.09%, Nifty up by 0.1%

Yes Bank Share Price Today : On the last trading day, Yes Bank opened at ₹23.7 and closed at ₹23.49. The stock reached a high of ₹23.75 and a low of ₹23.43 during the day.

The Economic Times

Yes Bank's stake sale runs into RBI hurdle

In March 2020, a State Bank of India-led consortium bailed out Yes Bank by infusing Rs 10,000 crore-a move primarily aimed at protecting depositors. SBI, which acquired a 49% stake with a three-year lock-in, now holds 24% after Yes Bank raised money through a follow-on public issue and the preferential issue of shares to private equity investors Carlyle and Advent International.

Business Standard

Bidders' insistence on 51% stake in Yes Bank may jeopardise stake buy

Bidders' insistence on having a 51 per cent stake in Yes Bank may end up jeopardising the stake buy, an informed source said on Thursday. When asked on whether the deal will go through by the end of this fiscal, the source, who is not authorised to speak to the media, said the deal itself is in a quandary. As per the source, the talks on any deal "are not going anywhere" because of all the bidders' push on the 51 per cent stake. The source explained that the RBI is uncomfortable with a foreign entity owning a 51 per cent stake in a big entity like Yes Bank. There are reports of two bidders being in the fray including Japan's SMBC and Emirates NBD. The suitors are directly speaking with RBI, but the central bank is not amenable on giving the ownership control. At present, the regulations allow for a maximum of 26 per cent stake by an entity in a bank and in cases where it is higher, has set a fixed timeline for getting it down. As per the source, there has been no progress on the

The Economic Times

Bidders' insistence on 51% stake in Yes Bank may jeopardise stake buy: Source

Efforts to finalize a stake purchase in Yes Bank are at risk due to bidders' insistence on acquiring a 51% ownership, according to sources. The Reserve Bank of India (RBI) is reportedly uneasy about allowing a foreign entity such a large stake in the bank, complicating negotiations. Current regulations cap ownership at 26%, with any higher stake requiring a timeline to reduce it.

The Economic Times

Japanese bank SMBC's plan to buy stake in Yes Bank hits RBI wall: Report

Yes Bank's stake sale is now unlikely to happen in FY25 and may get delayed, ET Now reported, citing sources. SMBC has shown strong interest in acquiring a 51% stake in Yes Bank and the talks have stalled because of its insistence on 51% ownership, the report said

Mint

Yes Bank share are down by -0.17%, Nifty up by 0.14%

Yes Bank Share Price Today : On the last trading day, Yes Bank opened at ₹23.00 and closed slightly lower at ₹22.94. The stock reached a high of ₹23.03 and a low of ₹22.85 during the day.

Mint

Yes Bank share are down by -1.07%, Nifty down by -0.95%

Yes Bank Share Price Today : On the last trading day, Yes Bank opened at ₹23.4 and closed at ₹23.15. The stock reached a high of ₹23.54 and a low of ₹23.12 during the day.

Mint

Yes Bank share are up by 0.09%, Nifty down by -0.09%

Yes Bank Share Price Today : On the last trading day, Yes Bank opened at ₹23.6 and closed at ₹23.51. The stock reached a high of ₹23.62 and a low of ₹23.46 during the day.

The Economic Times

POP launches India’s first multi-brand co-branded card in partnership with RuPay & Yes Bank

POP, a fintech enabler created by ex-Flipkart employees, has launched India's first multi-brand co-branded credit card with RuPay and Yes Bank. It boasts partners like Zomato, Blinkit, and Cleartrip to cover daily expenses. Users earn POPcoins on each transaction, redeemable within the POP app.

Mint

Yes Bank share price Today Live Updates : Yes Bank Shares Surge in Positive Market Performance Today

Yes Bank Share Price Today Live Updates : Yes Bank stock price went up today, 30 Aug 2024, by 0.13 %. The stock closed at 23.74 per share. The stock is currently trading at 23.77 per share. Investors should monitor Yes Bank stock price closely in the coming days and weeks to see how it reacts to the news.

The Economic Times

Foreign lenders lured by rare stake sales in India banks, but tighter rules weigh

Foreign banks from Japan and the Middle East are eyeing majority stakes in India's Yes Bank and IDBI Bank, as existing investors look to divest. Yes Bank has attracted interest from Sumitomo Mitsui Banking Corp and Emirates NBD, while IDBI Bank has seen interest from Fairfax Group and Kotak Mahindra Bank.

Business Line

Stocks that will see action today: August 28, 2024

Buzzing stocks: Jio Financial, Yes Bank, Rana Sugars, India Grid Trust, Hindustan Unilever, ICICI prudential Life, NBCC, UPL Corp, Wipro, Zydus Life, SBI Cards, Godrej Agrovet, Aavas Financiers

CNBC TV18

Yes Bank relieves long-serving financial markets chief Amit Sureka

Sureka, who has been with Yes Bank since 2005, was based at the bank’s Mumbai branch. His exit comes at a time when the bank is in search of a new promoter.

Business Standard

YES Bank removes financial market head Amit Surekha with immediate effect

Sources in the bank said the development does not have any bearing on the financial aspects of the bank. "It was a human resources department decision," a source said

Business Standard

Yes Bank relieves country head of financial markets Amit Sureka from duties

Yes Bank, where Indian lenders collectively own a 34 per cent stake and the State Bank of India (SBI) is the largest shareholder with a 24 per cent interest, has been seeking a new promoter

The Economic Times

Yes Bank sacks senior exec Amit Sureka

As per Sureka’s LinkedIn profile, he joined the lender in 2005 in its financial markets division. He was elevated to group president in October 2016. For the last four years, he was the head of treasury. Before joining Yes Bank, Sureka had worked with ICICI Bank for three years. Sureka is a chartered accountant from the Institute of Chartered Accountants of India.

The Economic Times

Yes Bank ties up with Newtap Finance to Offer Financing Solutions

Yes Bank has entered into a co-lending partnership with Newtap Finance to offer personalized financing solutions on CRED. Dreamplug Technologies Private Limited (DTPL), the operator of CRED, will act as the Lending Service Provider (LSP) for Yes Bank and Newtap Finance in this partnership.

Mint

Yes Bank share price Today Live Updates : Yes Bank Shares Surge in Positive Trading Session

Yes Bank Share Price Today Live Updates : Yes Bank stock price went up today, 27 Aug 2024, by 0.21 %. The stock closed at 24.08 per share. The stock is currently trading at 24.13 per share. Investors should monitor Yes Bank stock price closely in the coming days and weeks to see how it reacts to the news.

CNBC TV18

YES Bank appoints Sumit Bali as country head of retail assets and debt management

Shares of YES Bank Ltd ended at ₹24.08, down by ₹0.31, or 1.27% on the BSE.

The Economic Times

Yes Bank appoints Sumit Bali country head, retail assets and debt management

Yes Bank has named Sumit Bali as the Country Head for Retail Assets and Debt Management. Bali brings over 30 years of experience and will focus on enhancing retail and rural assets and debt management growth. He has previously worked in leadership roles at Axis Bank, India Infoline Group, and Kotak Mahindra Bank.

Hindustan Times

SBI aims to sell Yes Bank stake worth $2.2 billion by end-March: Report

SBI currently holds about 24% in Yes Bank while 11 other lenders, including ICICI Bank and HDFC Bank together hold 9.74%.

The Economic Times

SBI aims to sell its Yes Bank stake worth Rs 18,420 cr by end-March

State Bank of India (SBI) plans to sell its 24% stake in Yes Bank, worth $2.2 billion, by March. Japanese Sumitomo Mitsui and Dubai's Emirates NBD are vying for a majority stake. The Reserve Bank of India has verbally approved the deal, with regulatory and due diligence discussions ongoing.

Mint

This Japanese lender's global head is visiting India to discuss buying Yes Bank stake

The race for acquiring a significant stake in Yes Bank is heating up, with the global CEO of a potential buyer set to visit India this week for discussions

The Economic Times

Yes Bank stake not being evaluated by us, says First Abu Dhabi Bank

First Abu Dhabi Bank clarified it is not considering a stake in Yes Bank, contrary to media reports. Bloomberg had reported potential suitors, including Japanese firms, evaluating a $5 billion stake. Following the news, Yes Bank shares rose 8.5%. Additionally, Moody's upgraded Yes Bank’s outlook to ‘positive,’ reflecting expected profitability improvements.

Business Standard

Moody's revises outlook on Yes Bank from 'stable' to 'positive'

The rating agency also affirmed Yes Bank's "Ba3" long-term (LT) foreign currency (FC) and local currency (LC) bank deposit ratings

Business Standard

Investors from West Asia, Japan eying YES Bank's $5 bn stake sale: Report

The Middle Eastern lender is weighing a bid for as much as a 51% stake in Yes Bank, the people said, asking not to be identified as the deliberations are private

Business Standard

Virtual Galaxy Infotech raises Rs 21.44 cr ahead of IPO, to file DRHP soon

Virtual Galaxy Infotech on Tuesday said it has raised Rs 21.44 crore in its pre-IPO funding round from marquee investors. The company is now gearing up to file its Draft Red Herring Prospectus (DRHP) with the stock exchange to launch its SME IPO, the company said in a statement. Former RARE Enterprise Managing Director Devnanthan Govind Rajan, ex-director of Electra Partners Asia Fund Jayaraman Vishwanathan, and former COO & CFO of Yes Bank Asit Oberoi are among the investors who participated in the funding round. Other investors include M Srinivas Rao, former MD at the Bill and Melinda Gates Foundation, India, Umesh Sahay and Abhishek Narbaria, Co-Founders of EFC(I); Darshan Gangolli, former Executive Director at Altico Capital (Real Estate Fund); Abhishek More, Founder and CEO of Digikore Studios; and Amit Mamgain, Senior VP of Equity Sales at AMSEC. The company has appointed Shreni Shares as the merchant banker for the public offering. Virtual Galaxy Infotech is a Hybrid SaaS .

Business Standard

Banks Q1 loan growth remain strong, share of low cost deposits falls

The credit-to-deposit ratio of the Mumbai-based private sector lender Yes Bank rose to 86.8 per cent at the end of June from 85.5 per cent at the end of March

The Economic Times

Yes Bank restructures workforce, lays off 500 employees in cost-cutting move

While the layoffs have happened across several verticals ranging from wholesale to retail, the branch banking segment saw a large impact, one person cited above said. The people sacked have been given severance pay amounting to three months’ salary. “Yes Bank has launched an internal restructuring exercise at the advice of a multinational consultant. So far, around 500 have been asked to go and we can see more sackings in the coming weeks,” a person aware of the development said.