LIC has entered a bancassurance partnership with Yes Bank, giving customers wider access to its life insurance plans as both institutions work toward the "Insurance for All by 2047" vision
Yes Bank suffered a loss of over Rs 2,700 crore due to the "unilateral decision" of its co-founder Rana Kapoor to invest in the Anil Ambani-led financial companies, said the CBI's charge sheet in a case pertaining to alleged fraudulent transactions between the bank and the industrialist's group entities. The Central Bureau of Investigation (CBI) last month filed a charge sheet against 13 people and entities, including Anil Ambani, Rana Kapoor and his family members, alleging criminal conspiracy, cheating and corruption related to loans and investments. The Federal probe agency's document said that further investigation was on regarding the role of Anil Ambani's son Anmol Ambani, the then executive director of Reliance Capital, in the case. The case is based on two separate complaints lodged by the Chief Vigilance Officer of Yes Bank. As per the charge sheet, the bank -- when Rana Kapoor was its managing director and chief executive officer -- made investments of Rs 5,010 crore in
Foreign investors are making strategic bets on mid-cap private banks like YES Bank, RBL Bank, and Federal Bank. Should you invest?
Foreign banks have bought up to 60% stake in Yes Bank and RBL Bank; will these deals help Indian private bank stocks outperform PSU banks in coming months? Here's what technical charts suggest.
The provisions of the bank saw 47.5 per cent Y-o-Y rise to Rs 419 crore in the quarter
Yes Bank on Saturday reported 18.3 per cent rise in its September quarter net profit at Rs 654 crore on non-core income growth. The private sector lender had reported a net profit of Rs 553 crore in the year-ago period. The core net interest income rose 4.6 per cent on the back of 6.4 per cent growth in its loanbook and a 0.10 per cent expansion in the net interest margin. Managing director and chief executive Prashant Kumar said the bank will be aiming to accelerate the credit growth to 10 per cent for the fiscal. He added that the worst is over for the NIMs and the same will go up from here on. The other income for the bank rose by 16.9 per cent to Rs 1,644 crore during the quarter. The deposit growth came at 6.9 per cent in the July-September period. The operating expenses increased by just 0.6 per cent on-year to Rs 2,649 crore, and a senior official explained that it used levers like focus on more productivity, decreasing the reliance on direct sales agents to distribute ..
In August, SMBC received Reserve Bank of India's approval to buy up to 24.99 per cent stake in Yes bank from State bank of India and seven other shareholders after having inked a deal in May
Yes Bank, The South Indian Bank, Hindustan Construction, Bajaj Hindusthan Sugar and Take Solutions, which currently trade below ₹50-mark, can potentially zoom up to 42%, suggest technical charts.
Experts attribute the trend to country's growth potential, regulatory stance
Yes Bank stock in demand: Till 11:19 AM; a combined 377 million equity shares representing 1 per cent to total equity of Yes Bank changed hands on the NSE and BSE.
Smallcap shares Sky Gold, Voltamp Transformers, Blue Jet and Eimco Elecon shed up to 23% last month as promoters pared stake; Yes Bank, however, surged 11%. Here's a technical outlook on these stocks.
Japanese lender SMBC's decision to buy nearly 25 per cent stake in Yes Bank should be seen as a vote of confidence and also creates "possibilities" of a rating upgrade, a top official at the private sector lender has said. The nearly Rs 16,000-crore bet from Sumitomo Mitsui Banking Corporation (SMBC) is a strategic one from an investor of global repute and it will help improve Yes Bank's ability to raise capital, drive business growth through network tie-ups and increase profitability, the official said. "(With) the advantage ...in terms of having a strategic investor, ability to raise capital, somebody willing to put (money) ...the possibility of our rating upgrade is there," Yes Bank's managing director and chief executive Prashant Kumar told PTI in an interview here. Kumar, a career SBI executive who was rushed to helm the recovery of the private bank in March 2020, said that Yes Bank's rating has improved to 'AA-' now from 'D' earlier. Commenting on Yes Bank's journey over the
In May, SBI and seven private sector banks that had invested in Yes Bank during its reconstruction in March 2020, decided to sell a 20 per cent stake for ₹13,482 crore to SMBC
Stocks to Watch today: YES Bank, Indosolar, JSW Steel, LTIMindtree, Hyundai Motor, Cochin Shipyard and Biocon are among the stocks to watch today, September 18, 2025
The proceeds of the transaction would boost the bottomline of SBI in the second quarter ending September at a time when interest income and margins are under pressure
Earlier this year, SMBC had agreed to acquire a 20 per cent stake in Yes Bank, making it one of the largest foreign investments in the Indian banking sector
SMBC's 20% stake purchase marks Japan's biggest bank's entry into India and the largest cross-border deal in the country's financial sector
YES Bank shares rose 1.6 per cent on Thursday, after RBI gave its nod for the nomination of two directors by SMBC and SBI on YES Bank's board
Analysts believe, for YES Bank, the coming quarters will be pivotal. The incoming leadership, coupled with SMBC's strategic push, may just offer the bank a second chance to engineer a turnaround
Yes Bank's share price was quoting 3.3 per cent higher at ₹20.2 per share against the previous close of ₹19.55 on the NSE