Page 11 - Yes Bank

HDFC Bank Group gets RBI approval to acquire 9.5% stake each in six banks

RBI's approval is valid for one year from the date of RBI's letter, i.e., till February 4, 2025

Stocks to watch on Jan 29: HDFC Bank, SBI Cards, Adani Power, Coal India

Stocks to watch on January 29, 2024: Investor focus this week remains on the US Fed's rate outcome on Jan 31 and the interim budget back home on Feb 1

Zee: DIIs and unitholders' interests

Why are DIIs holding such a high stake in Zee, which is beset with alleged governance issues? Perhaps they think Zee is a deep-value stock

YES Bank Q3FY24 results: Net profit rises 349% to Rs 231.46 cr, NII up 2.3%

Reduced loan provisioning drives significant profit surge for lender

YES Bank's Q3 net rises to Rs 231 cr helped by drop in loan-loss provisions

India's Yes Bank said third-quarter net profit more than quadrupled, helped by a drop in loan-loss provisions and healthy growth in loans, but the result still fell short of expectations

SC denies bail to Yes Bank realtor Sanjay Chhabria in money laundering case

The Supreme Court on Thursday refused to entertain a plea by realtor Sanjay Chhabria against an order of the Bombay High Court which refused to grant him default bail in the Yes Bank money laundering case. A bench of Justices Bela M Trivedi and Pankaj Mithal said the offence is serious and the high court considered everything. The counsel appearing for Chhabria then withdrew the plea and the matter was dismissed as withdrawn. A single bench of Justice M S Karnik on October 9 had dismissed Chhabria's petition seeking default bail on the grounds that though the Enforcement Directorate (ED) submitted its prosecution complaint against him within the mandatory 60-day period, it had also sought permission from the special court to carry on further probe in the case. The ED's case was that while the probe against Chhabria was complete, the investigation regarding the case was still on. The high court had agreed with the agency and said the offence of money laundering involves multiple ..

Stocks to Watch today, Jan 3: Adani, PNB, YES Bank, MOIL, Shyam Metalics

Stocks to Watch on Wednesday, January 3, 2024: The Supreme Court is expected to announce its verdict in the Adani-Hindenburg case later on Wednesday

YES Bank hits 52-week high in dismal trade; stock soars 14% in 4 days

In the past two months, the stock has zoomed 48% and is currently trading at its highest level since December 2022

LIC receives Rs 806 crore tax notice for FY18 from Mumbai state tax office

In October 2023, LIC had filed an appeal with the Bombay High Court against the Income Tax Appellate Tribunal's decision to give the insurer relief in two tax disputes amounting to Rs 4,993 crore

1st trading day 2024: Stock-specific action on a day of wild swings

RailTel, YES Bank, Vodafone Idea, and BHEL rose 2-6%

Markets witness stock-specific action, benchmarks ended with wild swings

Railtel, YES Bank, Vodafone Idea, and BHEL rose 2-6 per cent

Yes Bank faces penalty of Rs 3 crore by Tamil Nadu GST department

Recently, the bank had received two separate tax notices from the Bihar GST department for Rs 20,000 and Rs 1,38,584, respectively, in December

CBI allowed to question Rana in Ezeego One Travels & Tours loan fraud case

A court here has allowed the CBI to question Yes Bank founder Rana Kapoor in connection with a loan granted to Ezeego One Travels and Tours Limited (EOTTL) by the private sector lender. Kapoor, 65, former MD and CEO of Yes Bank, is in judicial custody following his arrest by the Enforcement Directorate (ED) in March 2020 in a money laundering case linked to financial irregularities at the bank. He is currently lodged in the Taloja jail in neighbouring Navi Mumbai. The Central Bureau of Investigation on Thursday told additional sessions judge B D Shelke that it wanted to question Kapoor in the case related to the EOTTL loan, registered in October 2020 on a complaint filed by Yes Bank. "Criminal complicity" of Kapoor, who was the MD and CEO of Yes Bank during the relevant period, came to light during investigation, said special public prosecutor Ashish Bilgaiyan. At Kapoor's behest, the bank sanctioned a loan of Rs 1060 crore to EOTTL (a sister concern of Cox & Kings) despite the

Yes Bank co-founder Rana Kapoor gets bail in ED case related to loan fraud

A special court here on Thursday granted bail to Yes Bank cofounder Rana Kapoor in a money-laundering case linked to alleged financial irregularities at the bank. He, however, would not walk out of jail at present as he has not been granted bail in a related case registered by the Central Bureau of Investigation. Kapoor, 65, former MD and CEO of the private bank, was arrested by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA) in March 2020. Special judge for PMLA court M G Deshpande granted Kapoor bail on Thursday. The trial in the case cannot begin and conclude in view of the expectations and guidelines laid down by the Supreme Court (in a different case), therefore he was entitled to relief under section 436-A of the Code of Criminal Procedure and deserves to be released on bail, the judge said. As per the section 436A, an under-trial prisoner has the right to seek bail on serving more than half of the maximum possible sentence prescribed for

YES Bank hikes FD rates by 25 bps, senior citizens can earn up to 8.25%

According to YES Bank's website, the highest interest rate of 7.50 per cent has been increased to 7.75 per cent for FDs maturing in 18 months to less than 24 months

PFC, Yes Bank: Trading strategies for stocks to be added to BSE 100 index

The BSE on Friday announced changes to its Sensex 50, Sensex Next 50 and the BSE 100 index; here's what the charts suggest for select stocks.

Relief for Zee Entertainment's Punit Goenka as SAT sets aside Sebi's order

With this, Goenka can now be appointed as the Managing Director (MD) of the merged entity

Yes Bank acquires additional shares in JC Flowers ARC, raises stake to 9.9%

Yes Bank on Saturday said the bank has acquired 2.4 crore additional shares of J C Flowers Asset Reconstruction (JC Flowers ARC), taking its stake to 9.9 per cent. Shares of JC Flowers ARC were transferred from JCF ARC LLC to the bank on October 27, 2023, Yes Bank said in a regulatory filing. "On November 28, 2022, the bank had acquired 9.9 per cent of the equity share capital of JC Flowers ARC. Basis certain corporate actions in JC Flowers ARC, bank's stake had reduced to 5.01 per cent from 9.9 per cent," it said. However, it said, in accordance with share subscription and purchase agreement, the lender has now acquired additional shares in JC Flowers ARC so as to reinstate the bank's stake to 9.9 per cent. The bank acquired 24,643,558 equity shares of JC Flowers ARC at Rs 29.68 per equity share, having face value of Rs 10 at a premium of Rs 19.68 per unit for an amount aggregating to Rs 731,420,804. JC Flowers ARC is a company incorporated on May 6, 2015 under the Companies Act,

Stocks to Watch today: ICICI Bank, Hudco, NDTV, ABFRL, Samvardhan, Paytm

Stocks to Watch on Monday, October 23, 2023: Paytm said its revenue increased 32 per cent YoY to Rs 2,519 crore in the second quarter, with its consolidated net loss narrowing to Rs 291 crore

YES Bank posts 47% rise in Q2 profit helped by drop in loan-loss provisions

That was lower than analysts' average forecast of Rs 2.61 billion, according to LSEG data