The Bombay HC order passed on January 20 came as a ray of hope for the Yes Bank AT-1 bondholders, but the private lender has already announced plans to move the apex court of the country.
Retail investors in bonds and debentures are generally supposed to be savvier than retail stock investors. Hence, they have to take part of the blame.
Foreign brokerage firm Morgan Stanley has an Underweight rating on the stock with target price cut to Rs 17.5 from Rs 20 per share
The task of expanding the RoA for Yes Bank will be arduous because of subdued growth, modest margin, and sticky costs
The legal battle about Yes Bank’s AT-1 bonds has big lessons for banks, regulators and the judiciary
The issue, however, is far from resolved. On January 21, Yes Bank said it will move the Supreme Court against the high court order, starting another round of legal battle
YES Bank had written off AT1 bonds worth Rs 8,415 crore as part of the bailout in March 2020.
The private lender has reported an 80.7 percent on-year and 66.3 percent on-quarter drop in its profit after tax during the December quarter.
Yes Bank Q3: The gross non-performing performing asset ratio stood at 2 percent in the quarter, as against 14.7 percent the year-ago period. The net NPA ratio came down to 1 percent, as compared to 5.3 percent in Q2 FY23.
The market regulator is probing investments between 2016 and 2019 for "suspected misuse of investors' money," the report adds
Net Interest Income (NII) is expected to increase by 10.8 percent Y-o-Y (down 1.9 percent Q-o-Q) to Rs. 1.954.1 crore, according to Emkay.
Yes Bank will use the Redmond based technology giant's Azure platform to create the app
The results were not adopted by the shareholders with requisite majority in its previous AGM, held on September 26.
The bank had earlier declared JC Flowers Asset Reconstruction Private Limited (JC Flowers ARC) as the winner of the Swiss Challenge process for sale of its identified portfolio of stressed assets.
Shares of Yes Bank are in demand recently amid an improved outlook for banking stocks owing to strong credit growth.
The bank will allot 185 crore shares to CA Basque Investments at Rs 13.78 per share
Yes Bank remained in focus, rising 7 percent to Rs 21.1, the highest closing level since July 13, 2020. It has seen another large bullish candle on the daily charts with robust volumes, especially after decisively breaking out of long horizontal resistance trend line adjoining August 2, December 2 and December 6 this year.
About 1199 shares advanced, 2220 shares declined, and 113 shares were unchanged on December 9
Nifty and Sensex look set to end the week with losses after two straight week of gains. Are bears steadily making a comeback after being driven away in November? Watch as CJ explains what is driving the losses in the market and what's the outlook for next week. Plus his thoughts on YES Bank, IndusInd Bank and Syrma SGS.
Strap: Yes Bank received letters from RBI on its CA Basque Investments and Verventa Holdings Limited investment deal
Yes Bank was also in action, rising third of a percent to Rs 17.50, the highest closing level since September 12 this year and formed bullish candle on the daily charts with above average volumes. It has seen a breakout of downward sloping resistance trendline adjoining September 9 and November 28 this year.
Wall Street ends mixed with the S&P 500 and the Dow clocking minor cuts. The Nasdaq manages to close with marginal gains ahead of the jobs data for November. The SGX Nifty signals a lower start for the indian market.. Markets at record high time to book profit or stay put? On the technical front, we put the spotlight on Auto sales, Bandhan Bank, Yes Bank and Orchid Pharma.
Our specially curated package of the most interesting articles to help you stay at the top of your game.
RBI said on November 29 while announcing the pilot that the implementation will be done in phases with a few banks and cities to start with and the scope will eventually be expanded.
After transfer of bad loans to the ARC, bank's top boss Prashant Kumar believes the GNPA ratio can fall to under two percent