Page 47 - Yes Bank

YES Bank stock ends 32% higher on rescue plan; SBI to pick 49% stake

"YES Bank has 255 crore shares of Rs 2 per share. SBI will be issued 245 crore shares at a price of Rs 10 per share for Rs 2,450 crore," SBI said in a press release.

Yes Bank rescue: India's TARP moment?

Why did the Reserve Bank have to take the moratorium route to sew the deal? Why now?

YES Bank insolvency may tighten credit markets, widen economic pain: S&P

S&P Global Ratings on Monday said quick resolution of Yes Bank's insolvency will keep India's banking sector contagion at bay, but as credit markets tighten there could be a possibility of wider economic pain in the country. The Reserve Bank last week imposed a moratorium on the capital-starved Yes Bank, capping withdrawals at Rs 50,000 per account and superseding the board of the private sector lender with immediate effect. Following this, country's largest lender State Bank of India (SBI) on Saturday said it will invest Rs 2,450 crore in the troubled private sector bank against 245 crore shares. "The Indian government is working with the SBI to inject capital into Yes Bank, a troubled private-sector bank with 1.8 per cent of the country's bank deposits (as of March 31, 2019). "Quick resolution of Yes Bank's insolvency will keep India bank-sector contagion at bay, though it poses pain for investors in bank hybrid securities. As credit markets tighten, we also see a possibility of

YES Bank: Anmi urges RBI to consider exempting capital market transactions

The development comes after YES Bank on Thursday was put under a moratorium, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board

YES Bank debt writedown to raise borrowing cost, hit sector capital-raising

RBI said it would work on a revival plan, as part of which bonds classified as AT1 capital will be written down "permanently, in full"

YES Bank rescue plan may cause wider economic pain in the country, says S&P

The risk premiums for AT1 instruments of private sector banks in India will spike in the aftermath of the Yes Bank bailout according to the rating agency

Banking stocks slide to 13-month low amid fallout from YES Bank crisis

YES Bank, weighed down by an increasing pile of bad debt, had struggled for months to raise the capital it needs to stay above regulatory requirements, without any success

We do not hold any additional tier I bonds of YES Bank: Shriram Transport

The company further noted that "the company had invested in Upper Tier II Bonds of Yes Bank Ltd of Rs 50 crores in the year 2010 and the same are outstanding as on date"

YES Bank scam: CBI carries out searches at 7 locations on bribery charges

Teams of CBI officers are carrying out operations at the residence and official premises of the accused in Mumbai

Rana Kapoor to face Mumbai court after arrest in money laundering case

Former YES Bank MD & CEO Rana Kapoor was grilled by the ED for several hours on Saturday, and searches were conducted at his and his daughters' houses

YES Bank zooms on reports SBI may pick stake; SBI recoups early losses

YES Bank has been struggling to raise capital for months. It also had to postpone its December 2019 quarter results as the fundraising process consumed most of its top management's time.

Fast growth to quick fall: The story of Yes Bank's changing fortunes

Yes Bank has been put under moratorium and may have to take a government-planned bailout.

One rupee: The value that foreign brokerages attach to the YES Bank stock

Macquarie Capital Securities also said if State Bank of India (SBI) decided to buy stake in the bank, they should buy it at Rs 1 per share as the net worth is hugely impaired

Black Friday, again: Here are three key reasons why market crashed today

Banking stocks took a beating on Friday following developments around YES Bank. The private lender's board was superseded by the Reserve Bank of India (RBI)

YES Bank fallout: RBI move casts shadow on Rs 1-trillion AT-1 bond market

Forcing bondholders to take 100 per cent haircut on the bank's AT-1 bonds would lead to losses to the tune of Rs 10,800 crore, estimates Acuite Ratings

Retail investors bought YES Bank shares as institutions exited en masse

Soon after the RBI announced the moratorium, global bank JP Morgan pegged YES Bank shares at Rs 1 a share.

YES Bank fallout: Axis Trustee Services seeks clarity on AT-1 bondholders

RBI's draft reconstruction scheme for YES Bank suggested a permanent write-down of these bonds outstanding as of March 5.

YES Bank crisis: Rana Kapoor in ED custody, faces Rs 4K-cr kickback probe

12 shell firms, 2 UK assets, 44 paintings under ED scanner; London-bound daughter stopped at Mumbai Airport; CBI books Kapoor and Wadhawan on charges of cheating

With markets on a downtrend, it is time to take some contrarian bets

Looking at the recent developments, it is time to take some contrarian bets and increase allocation to equities according to your asset allocation plan.

End of a long rope

There's need for an insolvency framework for financial sector