Page 22 - Yes Bank
Banks lost Rs 2.85 trn due to loan default of 13 firms, alleges UBFU
: Public sector banks have lost nearly Rs 2.85 lakh crore on account of loan dues of 13 corporates even as the banks are used to bail out ailing financial institutions such as Yes Bank and IL&FS, United Forum of Bank Unions alleged on Monday. In press release, UFBU's Convener B Rambabu said the organisation calls for a two-day all India bank strike on December 16 and 17 protesting against Banking Laws (Amendment) Bill 2021 and opposing the centre's alleged move to privatise PSBs. According to the statistics given by the UFBU, the 13 corporates' outstanding dues were at Rs 4,86,800 crore and it was resolved at Rs 1,61,820 crore resulting in a loss of Rs 2,84,980 crore. "It is also a matter of reality that time and again public sector banks have been used to bail out ailing private sector banks such as Global Trust Bank, United Western Bank, Bank of Karad, etc. In the recent past, it was Yes Bank, which was bailed out by public sector SBI. Private sector's largest NBFC, IL&FS, ..
 "Banks lost Rs 2.85 trn due to loan default of 13 firms, alleges UBFU")
Dish TV vs Yes Bank battle: A matter of principle for both companies
The Supreme Court's interim order that the police have no right to freeze voting rights has set an important precedent for the practice of applying criminal law in civil-contractual disputes
 "Dish TV vs Yes Bank battle: A matter of principle for both companies")
Dish TV, facing a notice from Yes Bank, to hold AGM on Dec 30
On November 29, Dish TV had postponed its AGM for a month after getting regulatory approval from the Registrar of Companies, Mumbai
Dish TV clarifies on report of Airtel being in talks to buy majority stake
Airtel is looking to buy 5.93% stake from Dish TV's promoter group and 25.63% stake owned by Yes Bank Ltd, a news report said
Supreme Court agrees to hear YES Bank-Dish TV dispute on Tuesday
The SC will hear the petition on Tuesday even as Dish TV shareholders meeting has been postponed by a month which was scheduled on Tuesday
 "Supreme Court agrees to hear YES Bank-Dish TV dispute on Tuesday")
YES Bank, Dish TV battle moves to SC, case to have broad implications
Bank wants voting rights to be restored before Dish TV AGM on Tuesday
YES Bank moves Supreme Court as HC rejects plea on Dish voting rights
Dish had received a notice issued by the Crime Branch, Gautam Budh Nagar, in respect of an investigation being conducted by them.
YES EGM plea doesn't meet statutory requirement: Dish TV to NCLT
Dish TV has also claimed that it "is unaware of the details of the investigation" and appears from the notice that it relates to an FIR registered in the year 2020
 "YES EGM plea doesn't meet statutory requirement: Dish TV to NCLT")
Sensex ends below 60k, slips 433pts, Nifty gives up 17,900; SBI falls 3%
Among sectoral indices, the BSE Realty index plunged 2.5 per cent. The Bankex, Healthcare and Telecom indices were down over a per cent each
 "Sensex ends below 60k, slips 433pts, Nifty gives up 17,900; SBI falls 3%")
Moody's upgrades YES Bank's rating to B2; outlook 'positive'
Yes Bank's asset quality has deteriorated only modestly while its capital has remained stable
 "Moody's upgrades YES Bank's rating to B2; outlook 'positive'")
Moody's upgrades YES Bank's rating by a notch; changes outlook to positive
The rating action is because of substantial improvement in funding and liquidity position
YES Bank moves Allahabad High Court on dispute over Dish TV stake
YES Bank had sought to appoint its nominees in the Annual General Meeting of shareholders scheduled for September 27th which was postponed to November 30th
Sensex slips 109pts; Broader markets outperform, Allcargo zooms 20%
Stock market LIVE: The BSE Midcap and Smallcap indices gained 0.6 per cent and 1.1 per cent, respectively. Realty and auto shares rallied, while metal stocks declined in trade on Tuesday
 "Sensex slips 109pts; Broader markets outperform, Allcargo zooms 20%")
Yes Bank appoints Sharad Sharma non-executive director
Sharma is a career banker with 40 years of experience in the banking industry
File response by November 15, NCLT tells Dish TV
Yes Bank owns 26 per cent stake in Dish TV while the promoters Jawahar Goel and family own 6 per cent stake.
YES Bank Q2 net up 74% to Rs 225 cr on lower provisions, NII shrinks 23%
The lender will finalise partner ARC in 60 days, transfer NPA by March-end
Top headlines: Goenka fires another salvo at Invesco; Nykaa IPO on Oct 28
Business Standard brings you the top stories from today
 "Top headlines: Goenka fires another salvo at Invesco; Nykaa IPO on Oct 28")
Sensex slips 102pts, Nifty holds 18,100; ITC drops 3%; IRB Infra zooms 20%
Stock market LIVE: Financial shares helped limit the losses, while IT, metal and FMCG shares weighed on the benchmark indices; Midcap, Smallcap indices decline over a per cent each
 "Sensex slips 102pts, Nifty holds 18,100; ITC drops 3%; IRB Infra zooms 20%")
YES Bank's Q2 net profit rises 74% to Rs 226 cr, asset quality improves
The bank has made prudent provisioning of Rs 336 crore on a single telecom exposure in the latest quarter
Stocks to Watch: RIL, ICICI Bank, PSBs, Tata Consumer, IEX, Yes Bank, Zee
State-run PSU banks are likely to be in focus today as government plans to shore up capital requirement in Q2; Focus will also be on other corporate results
 "Stocks to Watch: RIL, ICICI Bank, PSBs, Tata Consumer, IEX, Yes Bank, Zee")