CLOSING BELL: In the broader markets, the Nifty MidCap100 and SmallCap100 indices fell up to 1.6 per cent.
Lender also raises interest rates on standard FDs, capping them at 6.5% for regular customers, 7.25% for seniors
Stocks to Watch Today: ICICI Bank and Axis Bank too will be in focus as global rating agency Moody's has upgraded the two private bank's baseline credit assessments (BCA) and deposit ratings to "baa3"
RBI wants the bank to avoid any conflict of interest with the ARC as YES Bank plans to hold a minority stake in the same ARC
YES Bank has over 440 million shares (or around 25 per cent) in the direct-to-home company and has been seeking a change in management for some time now
CLOSING BELL: The S&P BSE Sensex and the Nifty50 indices hit fresh 52-week lows as they spiraled 2 per cent down
Stocks to watch today: State Bank of India raised their MCLR lending rate by 20 basis points across all tenors; Network18 group firm Viacom18 eyes expansion after it bagged media rights for IPL.
Also, the bank will seek shareholders' approval for amendments to the Employees Stock Option Scheme (YBL Employee Stock Option Scheme 2020).
His appointment raises questions because ex-PSB bankers have historically taken over as heads of financial institutions with weak asset quality and governance
Stocks to Watch Today: Sugar industry has requested the government that the additional 1 MT export order be given the mills, and not trader or exporters.
Yes bank's largest shareholder, SBI, has proposed Prashant Kumar's name for MD & CEO's position for a three-year term
As of now, only three bidders are actively engaged with the lenders for Reliance Capital RCAP resolution including Piramal, Yes Bank and IndusInd.
The lender will do the repurchase at 97% of the principal amount of the notes.
CBI has stumbled upon 2 payments of over Rs 68.8 cr and Rs 292 cr to arrested ABIL chairman Avinash Bhosale's companies made by Radius Developers, whose owner Sanjay Chhabaria was recently arrested
Avinash Bhosale was arrested on Thursday (May 26) by the central probe agency, which suspects illicit funds were routed through several real estate firms based in Maharashtra.
The CBI suspects that illicit funds were routed through several real estate companies based in Maharashtra, officials said.
Provisions fell significantly to Rs 271 crore in Q4FY22 compared to Rs 5,113 crore in the year-ago period.
Chhabria of Radius Developers will be produced before a special court on Friday, they said
As part of the alliance, FidyPay will be enabling a seamless connected banking experience to Yes Bank's customers, it said in a release
Second firm after Dish TV where Yes Bank and Essel group promoters at loggerheads