Ritesh Pai had played an important role in shaping the digital banking strategy at Yes Bank. This was his second stint at the private sector lender.
Emkay Global Financial is bearish on Yes Bank has recommended sell rating on the stock with a target price of Rs 9 in its research report dated October 23, 2020.
Yes Bank The share touched its 52-week high Rs 87.95 and 52-week low Rs 5.55 on 18 March, 2020 and 06 March, 2020, respectively.
Yes Bank has been able to bring in a large number of new customers, Prashant Kumar, MD and CEO of Yes Bank said.
Stressed loans would require Rs 1,300 core in the current year, Yes Bank MD Prashant Kumar said, adding that the bank has “adequate provisions” of Rs 1,900 crore for NPAs arising due to the pandemic
The private sector lender reported profit at Rs 129.4 crore for September ended quarter 2020, against loss of Rs 600 crore in year-ago period.
The city-based lender is experiencing delays in loan recovery efforts as big defaulters are approaching courts, its new chief executive and managing director Prashant Kumar told PTI.
Yes Bank’s new management has managed to get the lender back on track. The bank, however, needs to continue with caution.
Yes Bank shares plunged 41 percent in current financial year and 49 percent during September quarter.
Management commentary on the progress of below investment grade and recovery from existing bad loans would be the key monitorable.
Other than the numbers, management commentary on the progress of below investment grade and recovery from existing bad loans would be the key monitorables.
The lender said that customers can avail hassle-free loans personal and business loans and two-wheeler and auto loans up to 100 percent of on-road prices at competitive interest rates
HDFC Life Insurance Company, Kotak Mahindra Bank and SBI Capital Markets also lowered their stake in Yes Bank.
The bank's shareholding pattern shows that foreign portfolio investors added 258.71 crore shares of Yes Bank during the September quarter.
In mid-March, the court had passed the interim order that said any action taken by the respondents “shall be subject to further orders” passed by the court
It is alleged that Yes Bank had given loan to Mack Star in which HDIL was a minority shareholder.
Representing the petitioners, advocate Subhash Jha alleged that ED officials “waited till the eleventh hour” and “deliberately delayed filing the charge sheet”
Khandelwal and Jain were produced before a PMLA court in Mumbai on October 6, which remanded them to ED’s custody for a week
Yes Bank was bailed out by a clutch of banks in March this year following a financial crisis.
The bank will also offer customised services and products to the listed SME members of the platform.
According to the regulator, Kapoor has hidden the material information of him being a 'guarantor' to the transaction from the board of directors of the bank and the same has directly impacted the lender in terms of the market capitalisation.
As part of the partnership, SBI Life’s diverse range of individual and group insurance solutions will be offered to the customers of Yes Bank through the bank’s branches spread across 28 states and 8 Union Territories in India.