Yes Bank Ltd (YESBANK)

ICICI Securities Maintains Sell Rating on Yes Bank - 24 Jul, 2024

Brokerage firm ICICI Securities has maintained a sell rating on Yes Bank, predicting a 20% fall in the stock. While operating parameters have improved, RoA remains burdened by bulky RIDF investment. Other brokerage firms Kotak Institutional Equities and Nomura India also maintain sell/neutral ratings with target prices of Rs 19 and Rs 17 respectively.

Mixed Analyst Views on Yes Bank Stock - 23 Jul, 2024

Yes Bank stock receives mixed analyst views as Kotak Institutional Equities sees unfavourable risk-reward, Nomura India suggests Neutral rating with 34% downside potential, and ICICI Securities issues sell call due to lower Q1 earnings.

YES Bank Reports Strong Q1 Results - 22 Jul, 2024

YES Bank reports a strong Q1 with a 46.69% YoY increase in net profit to Rs 502.43 crore and a 17.59% YoY rise in total income to Rs 8,918.14 crore. The bank's GNPA ratio remained stable at 1.7%, while the NNPA ratio improved to 0.5% in Q1 FY25.

Yes Bank Reports Strong Q1 Results - 21 Jul, 2024

Yes Bank's Q1 standalone YoY profit grows by 46.7% to Rs 502 crore, with a 12.2% increase in net interest income. The gross NPA ratio remains flat at 1.7%, and the net NPA ratio drops to 0.5%.

Yes Bank Reports Strong Q1 Results; FIIs Increase Stake - 20 Jul, 2024

Yes Bank's Q1 FY25 results show a 46.7% YoY growth in net profit to Rs 502 crore, with reduced provisions and stable NIM. Foreign institutional investors increased their stake by 5.07%. Shares decreased around 3.80 percent.

Yes Bank Shows Breakout Above Resistance Mark - 19 Jul, 2024

Yes Bank is expected to show strong YoY performance in Q2 earnings but subdued QoQ performance due to rising costs of funds impacting margins and loan-book growth. YES BANK CEO Prashant Kumar puts forward wishlist for Budget 2024, while the bank allots equity shares under ESOS. The CEO also sees Union Budget 2024 as crucial for shaping India's economic future.

Yes Bank Excluded from Collateral Eligibility List - 16 Jul, 2024

National Stock Exchange has removed Yes Bank and 1,009 other securities from the list of eligible collateral for margin funding starting August 1, 2024.

Mixed News for Yes Bank Ltd. - 15 Jul, 2024

Yes Bank faces legal trouble over a book on its co-founder while YES Securities' Amar Ambani is positive about the market outlook. The bank is set to announce its Q1 results for the quarter ended June 31, 2024.

YES Bank Removed from NSE Collateral List - 12 Jul, 2024

YES Bank has been removed from the National Stock Exchange's list of securities eligible as collateral for margin funding used in intraday or derivatives trading. Additionally, it is among the 1,010 securities that are not currently fulfilling the latest eligible criteria set by the NSE for collateral for F&O trading.

Moody's Revises Yes Bank's Outlook to Positive - 11 Jul, 2024

Global rating agency Moody's has revised Yes Bank's outlook from stable to positive, citing improvements in its depositor base and lending franchise. Additionally, they expect a gradual improvement in the bank's core profitability over the next 12-18 months due to recoveries from legacy stressed assets and lower slippages. Yes Bank's asset quality has also improved, with its non-performing loan ratio declining to 1.7% as of March 31, 2024.

YES Bank Attracts Potential Lenders for Stake Sale; Moody's Changes Outlook to Positive - 10 Jul, 2024

Potential lenders including First Abu Dhabi Bank and Sumitomo Mitsui Financial Group are considering a $5 billion stake in YES Bank. Meanwhile, Moody's has affirmed the bank's ratings with a positive outlook due to expected improvements in profitability and asset quality.

Yes Bank Faces Stake Sale Uncertainty - 09 Jul, 2024

Yes Bank faces uncertainty over potential stake sales as SBI looks to offload its entire 23.99% stake, while the bank denies reports of receiving in-principle approval from RBI for a stake sale.

Yes Bank Shares Jump on Strong Q1 Results Buzz - 06 Jul, 2024

Yes Bank Ltd's shares jumped by 11% following a post-Q1FY25 business update suggesting steady profitability and healthy asset quality. Stock market experts advise shareholders to hold the scrip as it may touch ₹32 apiece level ahead of Q1 results.

Yes Bank Shares Surge - 05 Jul, 2024

Yes Bank's stock price surged by over 9% with heavy trading volume. The stock hit an intraday high of Rs 26.93 and saw around 51 crore shares traded on July 5th.

YES Bank Reports Strong Loan Growth in Q1FY25 - 04 Jul, 2024

YES Bank reports strong loan growth of 14.8% YoY in Q1FY25, while Nomura maintains a neutral stance with a target price of Rs 17 per share.

Yes Bank Reports Strong Performance in Q1FY25 - 03 Jul, 2024

Yes Bank reported strong performance in Q1FY25 with loans and advances growing by 14.8% YoY to Rs 2.29 lakh crore and deposits increasing by 20.8% YoY to Rs 2.64 lakh crore. The bank also reported a significant increase in standalone net profit for Q4 FY24. As a result, the Yes Bank stock rose 1.17%.

YES Bank Reports Growth in Loans and Advances - 02 Jul, 2024

YES Bank reported a marginal sequential growth in loans and advances, while deposits dipped slightly in the April-June quarter of FY24-25. However, on a YoY basis, both loans and advances and deposits showed significant growth. The CASA ratio stood at 30.7%, while liquidity coverage ratio improved to 137.8%. YES Bank share price settled almost a percent lower on NSE.

YES Bank Shares Need to Cross Hurdle for Breakout - 28 Jun, 2024

YES Bank's shares need to surpass the hurdle of Rs 24.50, its 100-day moving average, to embark on a new journey. Meanwhile, Anshul Arzare, MD and CEO of YES Securities, emphasizes the fiduciary duty of financial intermediaries to remain neutral and unbiased.

Yes Bank Lays Off 500 Employees in Restructuring Move - 27 Jun, 2024

Yes Bank has initiated a restructuring exercise that includes laying off at least 500 employees, with the potential for more layoffs in the coming weeks. The bank aims to reduce costs by focusing on digital banking and minimizing manual processes. Yes Bank's stock closed at Rs 24.02 on Tuesday, the same as the previous day.

Yes Bank Announces Restructuring Initiative and Fundraising Plan - 26 Jun, 2024

Yes Bank is set to reduce costs by focusing on digital banking and minimizing manual intervention, leading to layoffs. The bank also plans to raise funds through debt securities.