Page 2 - Yes Bank

Yes Bank Q2 net profit rises 18% to ₹654 cr on higher non-interest income

The provisions of the bank saw 47.5 per cent Y-o-Y rise to Rs 419 crore in the quarter

Yes Bank Q2 results: Net profit rises 18.3% to ₹654 crore on higher income

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 ..

Q2 results today: ICICI, HDFC Bank, UltraTech Cement, 23 others on Oct 18

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

SMBC rules out plans to raise stake in Yes Bank beyond current level

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, HCC among 5 stocks under ₹50 worth your portfolio this Diwali

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 spurts 8%, hits 52-week high on heavy volumes

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.

SkyGold, Voltamp among 5 stocks promoters sold stake in Sept; how to trade?

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.

YES Bank says SMBC stake buy paves way for possible rating upgrade

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

SMBC tops Yes Bank stake; RBI sets up review cell; PSB reforms ahead & more

The RBI has formed a Regulatory Review Cell to periodically review its regulations every five to seven years. Effective October 1, the cell will ensure a systematic internal review of norms for banks.

Reliance Infra & Power distance themselves from CBI case on Anil Ambani

The CBI has filed chargesheets alleging fraudulent transactions between Anil Ambani's group companies (RCFL and RHFL), Yes Bank, and companies linked to the family of former Yes Bank chief Rana Kapoor

CBI files chargesheets in ₹2,796 crore fraud case against Anil Ambani firms

Besides Ambani, the CBI has also filed chargesheets against Rana Kapoor, Bindu Kapoor, Radha Kapoor, Roshni Kapoor, RCFL, RHFL, RAB Enterprises Private Limited, and other entities

SMBC becomes Yes Bank's largest shareholder, nominates two directors

Sumitomo Mitsui Banking Corporation has acquired a 20 per cent stake in Yes Bank from SBI and others, becoming its largest shareholder and nominating two board directors

Japan's SMBC completes 20% acquisition in Yes Bank, becomes top stakeholder

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

SBI completes 13.18% sale in Yes Bank to Sumitomo Mitsui Banking Corp

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

SBI completes ₹8,889 crore stake sale in Yes Bank to Japan's SMBC

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

SBI, private banks' ₹13,483 cr Yes Bank stake sale to be 'tax-free'

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 rise after RBI approves SMBC, SBI board nominees under SPA

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

Why Emkay Global has Sell call on YES Bank despite Sumitomo picking stake?

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 stock up 3% on CCI nod for this deal; check more details inside

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

ATM use to debit cards, YES Bank salary accounts to get costlier from Oct

Charges for issuing debit cards will increase and the bank will ask customers to maintain minimum balance in these accounts