Moneycontrol PRO
HomeNewsBusinessStocksYes Bank share price up 7% on possible capital infusion

Yes Bank share price up 7% on possible capital infusion

The private lender had reported a loss of Rs 600.08 crore during the July-September period on November 1. It had reported a profit of Rs 964.70 crore in the year-ago period and Rs 113.76 crore in the June-ended quarter

November 04, 2019 / 14:52 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Shares of Yes Bank gained more than seven percent intraday on November 4 on the back of possible capital infusion by investors in the company.

    The bank has received bids worth $3 billion from various investors and family offices, CEO Ravneet Gill told CNBC-TV18.

    It is in discussions to raise $1.6 billion from a clutch of six global private equity funds and two domestic mutual funds. Talks are on to raise a further $300 million from two groups of domestic investors, including two family offices and two financial investors, reports PTI.

    The private lender had reported a loss of Rs 600.08 crore during the July-September period on November 1. It had reported a profit of Rs 964.70 crore in the year-ago period and Rs 113.76 crore in the June-ended quarter.

    Net interest income during Q2 declined 9.6 percent year-on-year to Rs 2,185.91 crore, which including fresh slippages of around Rs 228 crore.

    Also Read - Yes Bank: Caught between the lure of new capital and drag of toxic assets

    Credit and deposits declined six percent each YoY while net interest margin contracted 10 bps sequentially and 60 bps YoY to 2.7 percent in Q2 FY20.

    But growth momentum sustained in retail advances with 30 percent YoY growth, now accounting for around 20 percent of advances in comparison to around 14 percent YoY.

    Its CASA ratio improved to 30.8 percent in Q2 FY20 against 30.2 percent in QoQ.

    At 09:55 hours, the stock was quoting Rs 69.25, up Rs 2.65, or 3.98 percent on the BSE.

    Moneycontrol News
    first published: Nov 4, 2019 10:26 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347