5 August 2019: In more troubles for the already struggling Yes Bank, global rating agency Moody’s Monday reiterated it decision to keep its ratings “under review for downgrade” for the second time in under two months citing worsening asset quality… Read More ›
Yes Bank
Yes Bank invokes pledge share of Cox & Kings
26 July 2019: Yes Bank Invocation Of pledge 32,750,139 equity shares having nominal value of Rs. 5 per share, constituting 18.55% of the post-issue paid-up share capital, of a listed company, namely, Cox & Kings Limited. 34,080 equity shares having… Read More ›
LM: Icra cuts rating on Yes Bank’s bonds worth ₹32,911.7 crore
24 July 2019: Credit rating agency Icra Ltd on Wednesday downgraded ratings on Yes Bank’s ₹32,911.7 crore bond programme, citing an increase in stressed assets and lack of debt resolutions. The rating on bonds aggregating ₹22,111.7 crore were downgraded by… Read More ›
FE: Yes Bank probing whistleblower claim
18 July 2019: Yes Bank is in the process of carrying out an enquiry into a whistleblower’s allegations of irregularities in operations, potential conflicts of interest concerning a former chief and incorrect classification of non-performing assets (NPAs), the private bank… Read More ›
LM: Yes Bank reports bad loans worth ₹6,230 crore in Q1, net profit slumps 91%
18 July 2019: Yes Bank Ltd on Wednesday reported a 91% drop in fiscal-first quarter profit on account of higher provisioning and lower other income. The management said the bank is looking to raise capital in the ongoing quarter. The… Read More ›
BS: YES Bank makes two senior management appointments; stock rises 5.5%
8 July 2019: Private lender YES Bank has appointed Rajeev Uberoi senior group president (governance and control) and Anurag Adlakha senior group president and head of financial management and strategy. These are the first major appointments after Ravneet Gill became… Read More ›
ET: NCLAT directs NCLT to decide on IBC plea against JP Associates in 6 weeks
1 July 2019: The NCLAT Monday directed the National Company Law Tribunal to decide the insolvency plea filed by ICICI Bank against Jaiprakash Associates in six weeks. The private sector lender had approached the National Company Law Appellate Tribunal (… Read More ›
ET: Yes Bank’s AT1 yields soar as analysts worry about thin trade
18 June 2019: Yes Bank’s additional tier-1 (AT1) bond yield soared past 13 per cent, mirroring investor worry the lender’s equity position may get dented with more provisioning for bad loans. Though thinly-traded, the lack of demand for these bonds… Read More ›
ET: SBI, PNB, BoB, HDFC Bank, Yes Bank among lenders that may face action for unauthorised withdrawals of about Rs 800 cr.
10 June 2019: The government-appointed board of Infrastructure Leasing & Financial Services (IL&FS) is likely to file contempt proceedings against nine large banks including State Bank of India, Bank of Baroda, HDFC Bank, Yes Bank, Punjab and Sind Bank, Punjab… Read More ›
ET: Lenders fail to reach consensus over emergency refuelling of Jet Airways
16 April 2019: Some lenders to Jet Airways have demanded more pledged shares of founder Naresh Goyal and planes owned by the airline as collateral for advancing further loans, even as the banks’ consortium remains sharply divided on additional debt… Read More ›
