Page 5 - Yes Bank

Stocks to watch today, May 12: Tata Steel, Dr Reddy's, Yes Bank, UPL, SRF

At 6:50 AM, GIFT Nifty futures were trading 496 points higher at 24,561.5, indicating a gap-up start for the bourses.

SMBC to have two nominees on Yes Bank board: MD & CEO Prashant Kumar

Prashant Kumar tells why SMBC has become a strategic investor and the advantages arising from this for Yes Bank

SBI, private banks sell 20% Yes Bank stake to SMBC for ₹13,482 cr

In India's largest cross-border banking deal, SBI and private lenders sell 20% stake in Yes Bank to SMBC for ₹13,482 crore, valuing the bank at $7.9 billion

SMBC's board representation in Yes Bank to be proportionate to its stake

SMBC to gain 20 per cent stake in Yes Bank, becoming its largest shareholder with likely board representation; SBI's stake to reduce post regulatory approval

Select banking stocks rebound; YES Bank, Union Bank surge up to 8%

At 11:27 am; Nifty PSU Bank, the sole gainer among sectoral indices, was up 1.32 per cent, as compared to 0.91 per cent decline in Nifty 50.

Speculative, incorrect: Yes Bank denies stake sale reports in clarification

According to reports, SMBC is in talks with the private lender to acquire a little over 20 per cent stake in the bank, which will trigger an open offer to acquire a majority stake in the bank

YES Bank shares rally 10%, hover near upper circuit: What's driving surge?

The upward movement in the stock came after reports suggested that Japanese banking giant Sumitomo Mitsui Banking Corp (SMBC) was in advanced talks to acquire a significant stake in the private sector

YES Bank stock up 10% on SMBC deal buzz; time to buy, sell, hold?

Technical chart indicates that the bias at the YES Bank counter is likely to remain tepid as long as the stock trades below this particular resistance zone; here are the key levels to watch out for.

SMBC nears YES Bank stake deal; India may see biggest private bank M&A

Yes Bank stake deal: Japanese lender SMBC may acquire 51% in YES Bank as RBI signals comfort, potentially triggering the largest private sector bank acquisition in India

Our aspiration is to exit Q4FY26 with RoA of 1%: Yes Bank MD & CEO

Prashant Kumar discusses the Q4FY25 results and future strategy of the bank

Kotak Bank, Axis cut fixed deposit rates again, offer up to 7.65 % interest

Lenders updating schemes after Reserve Bank of India cut repo rate to 6% earlier this month

IndusInd Bank's risk management, leadership under scanner: Moody's

Yes Bank's profitability remains lower vis-a-vis private peers

Yes Bank cuts FD rates for second time in April, offers up to 8.25%

Senior citizens will earn up to 8.25%, general customers up to 7.75% on 12-24 month deposits.

Yes Bank's Q4FY25 results: Net profit up 63.3% Y-o-Y at Rs 738.1 crore

Net interest margin (NIM) for Q4FY25 stood at 2.5 per cent compared to 2.4 per cent in Q4FY24

Yes Bank gets ₹244.2 crore tax demand notice for AY 2016-17 from I-T dept

Yes Bank on Wednesday said it has received a demand notice of Rs 244.20 crore for assessment year 2016-17. The reassessment order considered the income reported in the return of income instead of assessed income, for computing the reassessed income and tax thereon, Yes Bank said in a regulatory filing. Towards this, on April 15, 2025, the Jurisdictional Assessing Officer (JAO), passed the rectification order rectifying the mistake and recomputed the tax demand, it said. "The said rectification order read with Computation Sheet and Notice of Demand has however resulted into additional tax demand of Rs 244.20 crore...has been recomputed significantly upwards, without any cogent reasons," it said. Against this order, the bank would file rectification application with JAO on an immediate basis as the demand appears to be unsubstantiated, and further, the bank would pursue all other available remedies, including filing an appeal, it said.

Internal restructuring to ensure seamless solutions, says Yes Bank

The internal restructuring is a strategic initiative designed to ensure seamless and consistent solutions at every touchpoint

Internal restructuring strategic move for seamless solutions: YES Bank

As part of organisational streamlining process, bank is harnessing synergies across all functions to optimise efficiencies and enhance customer experience, it said

YES Bank down 4% after Q4 business update, stock nears 52-week low

YES Bank reported a 6.8 per cent increase in total deposits to ₹2.84 trillion in Q4FY25 compared to ₹2.66 trillion in Q4FY24

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Yes Bank gets demand notice of Rs 2,209 crore from I-T dept for AY20

Yes Bank on Saturday said it has received a demand notice of Rs 2,209 crore for the assessment year 2019-20. The said assessment year was reopened by the income-tax department in April 2023, Yes Bank said in a regulatory filing. The reassessment order was passed by the National Faceless Assessment Unit of the income-tax department on March 28, wherein no additional disallowances or additions were made, that is, the grounds on which the reassessment proceedings were initiated have been dropped, it said. Thus, the total income that was assessed in the original assessment order passed under section 144 of the Income Tax Act has remained unchanged in the reassessment order and consequently, no demand should have been raised against the bank, it said. However, it said, despite this, the computation sheet and the Notice of Demand issued under section 156 of the Act, of even date, have raised an income-tax demand amounting to Rs 2,209.17 crore, including interest of Rs 243.02 crore, which