Yes Bank Ltd (YESBANK)

Yes Bank Reports Strong Q4 Results - 27 Apr, 2024

Yes Bank reported a strong Q4 FY24 with a standalone net profit of Rs 452 crore, up 123% YoY, and a decline in gross NPA ratio to 1.7%. Provisions fell by 23.7% YoY, while net advances grew at 12.1% YoY. Total deposits rose 22.5% YoY.

YES Bank Revises Charges Schedule; Muted Q4 Performance Expected - 26 Apr, 2024

YES Bank has revised its savings account charges schedule and discontinued some accounts. Analysts expect a muted Q4 performance with declining NIMs and PPOP. Higher cost of funds will lead to lower NII and NIM. Utility transactions using YES Bank credit cards will be charged an additional fee from May 1, 2024.

Yes Bank Receives Tax Refund Order and Allots Equity Shares - 22 Apr, 2024

Yes Bank gains after receiving a tax refund order of Rs 284.21 crore and approving the allotment of equity shares to CA Basque. The bank is also in talks with international investors for a potential stake sale. Additionally, Paytm has completed the migration of merchant handles to YES Bank as per NPCI direction.

Yes Bank Founder Granted Bail; Bank Allots Shares - 21 Apr, 2024

Yes Bank founder Rana Kapoor has been granted bail by a special court in Mumbai after being incarcerated for four years. Meanwhile, Yes Bank has allotted 1.28 billion fully paid-up equity shares to CA Basque through a preferential allotment route.

Yes Bank Founder Rana Kapoor Granted Bail in Fraud Case - 20 Apr, 2024

The decision by a special CBI court to grant bail to Yes Bank founder Rana Kapoor has sparked discussions surrounding pre-trial detention and the principles of justice. The courts observations shed light on the complexities of legal proceedings in cases involving financial crimes and the rights of the accused.

Yes Bank Customers to Pay Higher Fees; Co-Founder Granted Bail - 19 Apr, 2024

Yes Bank and IDFC FIRST Bank credit card customers will have to pay a higher amount as fees for paying utility bills from May 1, 2024. Meanwhile, Yes Bank co-founder Rana Kapoor was granted bail in the Rs 466.51 crore bank fraud case after more than four years.

Japanese Banks Eye Majority Stake in Yes Bank - 15 Apr, 2024

Mitsubishi UFJ Financial Group and Sumitomo Mitsui Banking Corp. are reportedly interested in acquiring a majority stake in Yes Bank, while another Middle Eastern firm has also expressed interest. Meanwhile, Yes Bank has announced a 1% surcharge and GST on high-value credit card bill payments.

Interest from Mitsubishi UFJ and SMBC to Acquire Majority Stake in Yes Bank Amid Fraud Case - 12 Apr, 2024

Yes Bank is embroiled in a Rs 400-crore fraud case with tour and travel company Cox & Kings. Meanwhile, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Banking Corp are reportedly considering a bid to acquire a majority stake in the bank, along with another Middle Eastern company.

Yes Bank Faces Insolvency Proceedings Against Tulip Hotels - 10 Apr, 2024

Yes Bank faces insolvency proceedings against Tulip Hotels over a default of Rs 900 crore for two corporate guarantees issued by it. Efforts are on to garner deposits in a tough environment and the issue of bad assets is largely resolved.

Yes Bank Receives Rs 244 Crore from Trust - 09 Apr, 2024

Yes Bank has received Rs 244 crore from a single trust in its Security Receipts Portfolio after selling its NPA portfolio to JC Flower ARC. The bank disclosed this under Regulation 30 of Listing Regulations.

YES Bank Records Growth in Deposits and Loans, Secures Rs 244 Crore in Security Receipts Portfolio - 08 Apr, 2024

YES Bank has recorded growth in deposits and loans for the March 2024 quarter YoY. The bank also secured Rs 244 crore in security receipts portfolio from a single trust and disclosed the event under Regulation 30 of Listing Regulations.

Yes Bank Loan Scam: CBI Registers FIR Against HDIL Promoters - 06 Apr, 2024

The Central Bureau of Investigation (CBI) has registered an FIR against Rakesh Wadhawan and Sarang Wadhawan, promoters of Housing Development Infrastructure Limited (HDIL), for siphoning off a loan of Rs 200 crore sanctioned by Yes Bank to Mack Star Marketing Pvt Ltd.

YES Bank Shares Rise After Deposit Growth - 05 Apr, 2024

YES Bank shares rose by 1.69% following a recent deposit growth of 22% YoY. Technical analysts are mixed, with support at Rs 20 and resistance at Rs 28.

YES Bank's Provisional Loan Book Grows 14% YoY in Q4FY24 - 04 Apr, 2024

YES Bank's provisional loan book for the March quarter grew 14% YoY and 5% sequentially, with deposit growth at 22.5% YoY and 10% sequentially led by robust growth of 23% YoY in CASA deposits. Nomura India has retained its target price of Rs 16.50 on YES Bank shares, keeping its neutral rating intact.

Yes Bank Reports Strong Q4 Results - 03 Apr, 2024

Yes Bank's loans and advances rose by 14.1% YoY to Rs 228,465 crore while deposits increased by 22.5% YoY to Rs 266,364 crore in Q4 FY24. The CASA ratio slipped slightly to 30.8%. Shares rose up to 2.72% following the announcement.

YES Bank Receives Funds, Credit Card Changes Effective - 01 Apr, 2024

YES Bank received Rs 366 crore from a single trust in the Security Receipts Portfolio and announced changes to its credit card program. The bank's stock gained 5.4% during the day.