News from other websites on yes bank
Late surge lifts Sensex; Tata Steel, Larsen key gainers
May 24, 2013 at 21:32 | Source: DomainB
Benchmark indices closed firm, riding a late surge, but finished roughly 3 percent lower week-on-week. Brokers say the mood is cautious after the global sell-off on Thursday, and back home, a mixed bag of quarterly earnings. The Sensex closed at 197...
IFC to extend credit guarantees to YES Bank
May 24, 2013 at 17:47 | Source: The Hindu BusinessLine
Mumbai, May 24: Private sector lender YES Bank has ties up with the International Finance Corporation (IFC), a member of the World Bank Group, to boost international trade opportunities. Through this programme, IFC will extend credit guarantees to Y...
ING tests waters to exit ING Vysya, approaches banks to consider deal
May 22, 2013 at 23:32 | Source: Financial Express
Dutch financial group ING may be considering an exit from ING Vysya, its Indian banking venture in which it holds 43 per cent stake. Sources confirm merchant bankers have approached leading Indian banks to gauge interest in the buying out ING from t...
Markets will soon be at all-time high: AK Prabhakar, Anand Rathi Financial Services
May 21, 2013 at 17:40 | Source: Economic Times
In an interview with ET Now, AK Prabhakar, Senior Vice President-Equity Research, Anand Rathi Financial Services, gives his views on the market. Excerpts: ET Now: What do you think is going to be the next big trigger and will this liquidity flow pure...
Cyber security need of the hour: Rs 2.44 cr siphoned off from RPG Group
May 20, 2013 at 11:51 | Source: FirstPost
Last week cyber criminals hacked into the current account of Harsh Goenka-led RPG Group and siphoned off Rs 2.4 crore through 13 transactions in Mumbai. Even though Yes Bank blocked the accounts of the illegal beneficiaries, and the police seem to ha...
Why inflation bonds may not lure retail investors away from gold
May 20, 2013 at 09:32 | Source: FirstPost
The Reserve Bank of India (RBI) recently announced that it would launch Inflation Index Bonds (IIBs) on 4 June, worth Rs 1000 to Rs 2000 crore for both retail as well institutional investors. But, launching a new financial instrument is one thing, fi...
Cyber attack: Blame game is on, but Yes Bank, RPG to sort out hacking issue
May 20, 2013 at 07:06 | Source: Economic Times
By: Ruchira Roy Chowdhury MUMBAI: Yes Bank and RPG Life Sciences (of Harsh Goenka) are blaming each other for the Rs 2.4 crore the company lost due to the second reported hacking of a current account of a corporate. The bank says that it is the resp...
Banks that are expected to give good returns in this rally
May 19, 2013 at 04:17 | Source: Economic Times
MUMBAI: Bank Nifty has been one of the top sectoral gainers on the NSE as sentiment turned bullish in rate sensitive counters on expectations of rate cuts after inflation dropped below Reserve Bank of India's comfort zone. The Bank Nifty, after rally...
Expect Nifty to go towards 6260 levels next week: CK Narayan
May 19, 2013 at 04:17 | Source: Economic Times
In an interview with ET Now, CK Narayan of Growth Avenues Asset Advisors shares his views on the market. Excerpts: ET Now: Purely the way the Bank Nifty and the Nifty and some of other indices have done on the charts. Do you believe that up move coul...
Sunday ET: Cyber attack: RPG group says user identities safe
May 19, 2013 at 03:57 | Source: Economic Times
MUMBAI: The RPG group will take up the case of the cyber fraud in which the company's account was hacked into and Rs 2.4 crore siphoned off on May 11 with Yes Bank on Monday. The company has denied having compromised on the user identities and passw...
In blow for India, S&P affirms negative outlook, reforms key
May 18, 2013 at 08:23 | Source: FirstPost
Standard & Poor's reiterated its negative outlook on India's credit rating, which is one notch above "junk", warning of the need to follow through on reforms and dealing a blow to a government that had recently pitched for an upgrad...
In blow for India, S&P affirms negative rating outlook
May 18, 2013 at 01:45 | Source: FirstPost
MUMBAI (Reuters) - Standard & Poor's reiterated its negative outlook on India's credit rating, which is one notch above "junk", warning of the need to follow through on reforms and dealing a blow to a government that had recently pitche...
‘There is enough growth in the economy’ for entry of more banks
May 18, 2013 at 00:17 | Source: The Hindu BusinessLine
Offering the highest savings interest rates in the country, YES Bank is set to grow more aggressively in retail. Rana Kapoor, Managing Director and Chief Executive Officer, founded the bank along with late Ashok Kapur nearly a decade ago. Since then...
BSE Sensex crawls to new 30-month high as cap goods shine
May 17, 2013 at 19:02 | Source: DomainB
Indices continued their upward crawl Friday, but it is clear that the market needs a bigger dose of liquidity to be able deliver meaningful returns hereon. Capital goods, power and realty shares were in demand, while investors shunned those from the...
Low cost deposit base key to new bank success, says ICRA
May 17, 2013 at 16:50 | Source: Economic Times
MUMBAI: Ratings agency ICRA today said that low-cost current and savings account (CASA) deposit base and some regulatory relief in the gradual build-up of priority sector lending targets hold the key to success of non-banking lenders wishing to beco...
Liquidity driving the market up: Gopi Krishna Suvanam
May 17, 2013 at 13:47 | Source: Economic Times
In a chat with ET Now, Gopi Krishna Suvanam, Founder, Investworks.in shares his view on the market: ET Now: What do you make of the market mood? It is clearly momentum all the way. Gopi Krishna Suvanam: It has been liquidity for the last one week or ...
Will RBI's inflation index bonds find enough takers?
May 17, 2013 at 12:05 | Source: FirstPost
The Reserve Bank of India (RBI) recently announced that it would launch Inflation Index Bonds (IIBs) on 4 June, worth Rs 1000 to Rs 2000 crore for both retail as well institutional investors. But, launching a new financial instrument is one thing, fi...
Five hot stock picks in volatile markets
May 17, 2013 at 11:05 | Source: Economic Times
By Ashish Chaturmohta MUMBAI: This week has been quite volatile, with the market moving in all directions. It started with a sharp decline on Monday and then the market did nothing with a range bound trade on Tuesday, and a very strong rally on Wedn...
Bonds linked to inflation may fail to lure retail investors
May 17, 2013 at 07:00 | Source: Economic Times
By: Ruchira Roy Chowdhury MUMBAI: Inflation-linked bonds may do little to attract the retail investor away from the gleam of assets like gold and real estate, as the principal and coupon to be received on these bonds would be linked to wholesale pri...
IPL spot fixing: Brands, corporates benefiting from each scandal
May 17, 2013 at 07:00 | Source: Economic Times
The arrest of Shanthakumaran Sreesanth and two other cricketers for spot fixing in the Indian Premier League matches may have brought the gentleman's game into disrepute, but advertisers and marketing experts say such controversies go well with 'Bran...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
