Mid-sized private sector lender Yes Bank today said its the balance sheet of its international banking unit (IBU) in the GIFT City has crossed the USD 1 billion mark in the past financial year.
The private bank allotted 3.27 crore shares at a price of Rs 1,500 per share.
The country's fourth largest private lender set the floor price at Rs 1,498.95 per share.
Another banking sector fraud with â€œChildren Bank of Indiaâ€ substituting the Reserve Bank of India in the fake 2000 rupee notes dispensed by a State Bank of India ATM, has raised concerns over banks‘ cash outsourcing services.
Hitachi Payments Services today accepted its systems were compromised by a sophisticated malware in mid-2016, that led to one of the biggest cyber security breaches in country with 3.2 million cards affected and a scare over security of card-based transactions.
The Union Budget has truly managed to strike a fine balance between fiscal consolidation and public spending to spruce growth, against the backdrop of challenging global and domestic environment.
Greater clarity on GST implementation and roadmap to lower taxes
ICICI and NPCI have locked themselves in a war of words over blockage of Flipkart owned payments app PhonePe.
Yes Bank's third quarter earnings beat analysts' expectations on Thursday, with profit rising 30.6 percent to Rs 882.6 crore compared to year-ago period. The growth was driven by strong net interest income, other income and lower provisions.
As part of the tie-up, the bank has completely digitalised its processes when it comes to transactions with Bajaj Electricals and its vendors in such a way that blockchain solutions can be implemented, an official spokesperson said.
After aborting its USD 1-billion QIP plan midway last month, private sector lender Yes Bank today hinted at changing its advisers for a fresh capital-raising bid which will be done by June next year.
YES:Head-STARTUP clients will also get access to YES BANK‘s seamless digital banking services which include India‘s first UPI Banking platform and the award-winning API banking facility to enhance transactional efficiency.
"The selection is effective from September 19, 2016 and would be valid for one year. This is the second year in a row where YES BANK has been selected as a part of the DJSI," Yes Bank said in a release.
In an interview to CNBC-TV18, Kapoor said that "Yesterday was a learning lesson" for the company and that the bank will definitely come back with the QIP at a later date.
Yes Bank on Thursday deferred its USD 1 billion qualified institutional placement (QIP). The management blamed the volatility in the stock for the same. Yes Bank, on Friday, opened 6 percent lower after a 5 percent fall in closing on Thursday.
In an interview with CNBC-TV18, Yes Bank Founder and MD Rana Kapoor explained why the bank had to defer its USD 1 billion qualified institutional placement (QIP) following the stock price reaction.
Speaking to CNBC-TV18 Managing Director Rana Kapoor said the QiB, with an upper-end target price of Rs 1,410 per share is expected to lead to an equity dilution of not more than 10-11 percent.
YES BANK, India‘s fifth largest private sector bank, has commenced first of its kind Unified Payments Interface (UPI) services by partnering with 50 businesses, to catalyse one of the biggest payment innovations in the banking universe with an aim to make fund transfer easier and move towards a cashless economy.
YES Bank MD and CEO says the new Reserve Bank Governor should go beyond focusing on consumer price index as the anchor of monetary policy and must also take into account wholesale price index.
"The QIP process should be over in the next 6-7 months and we are actively meeting large investors across geographies," Yes Bank MD Rana Kapoor told PTI.
Yes Bank has decided upon the qualified institutional placement (QIP) route to raise USD 1 billion, which the bank had announced in June, CEO and MD Rana Kapoor told CNBC-TV18.
Ruling out any immediate transmission of rates despite RBI chief Raghuram Rajan blaming them of passing benefits "only modestly", bankers on Tuesday said interest rates will fall once credit growth picks up.
Reserve Bank's decision to leave policy interest rates unchanged today was no surprise to market participants, in line with transparent and predictable monetary policy, Moody's Investors Service said in a statement.
This is going to be the last bi-monthly monetary policy to be decided by the central bank Governor as the broad-based 6-member panel may take over the job before the next review on October 4.