The Supreme Court began hearing arguments on whether Yes Bank's 2020 write-off of ₹8,400 crore AT1 bonds was legally valid, a ruling that could reshape future bank resolutions
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
Administrator argues 2020 write-off was valid under Basel III; court's ruling could force ₹8,400 crore repayment to bondholders
Japan's second-largest lender has made investments to expand in financial services from retail to wholesale banking in India, such as a landmark deal that made it the biggest shareholder of Yes Bank
How in saving Yes Bank, India's financial system reaffirmed its ability to act with purpose
State Bank of India reported a strong second-quarter performance, driven by gains from the Yes Bank stake sale, and raised its FY26 credit growth guidance to 12-14% amid steady asset quality
The ED has attached assets worth ₹3,084 crore linked to Anil Ambani, including his Mumbai home, a Delhi plot and other residential and commercial properties across major cities under the PMLA
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
The bankers highlighted that lenders must stay agile and continuously reinvent themselves to stay relevant in a rapidly changing environment
Foreign investors are making strategic bets on mid-cap private banks like YES Bank, RBL Bank, and Federal Bank. Should you invest?
The Enforcement Directorate is also investigating suspected irregularities in the same set of transactions that occurred during Rana Kapoor's tenure at Yes Bank
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 ..
Q2FY26 company results: Many banks including IDBI, IDFC First, IndusInd, Jammu & Kashmir Bank, and Punjab National Bank will also release their September quarter earnings reports today
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.
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