19 September 2019: Debt-laden McLeod Russel on Wednesday urged the Kolkata-bench of the National Company Law Tribunal (NCLT) not to continue the interim order of “status quo” against its assets as it has very “serious repercussion” and negative “ramifications” for… Read More ›
Yes Bank
LM: Moody’s downgrades Yes Bank rating; outlook negative
28 August 2019: Global rating agency Moody’s Investors Service on Wednesday downgraded YES Bank’s long-term foreign-currency issuer rating, citing lower than expected amount of capital raised and a sharp fall in its stock price which “will challenge its ability to… Read More ›
FE: Under two months,Moody’s again warns of junking Yes Bank ratings
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 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 ›
