Page 5 - Yes Bank

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

News Highlights: Landslide reported near Himachal's Manikaran Gurudrawa; 6 dead

Catch all the latest news updates from around the world here

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

Court rejects chargesheet against Goenka, Balwa in Yes Bank-DHFL case

A special court here has declined to take cognisance of the CBI's supplementary chargesheet naming businessmen Vinod Goenka and Shahid Balwa as accused in the DHFL-Yes Bank fraud case, noting that allegations against them are not made out. The prosecution has claimed that between April and June 2018, Yes Bank invested about Rs 4,727 crore in the non-convertible debentures and Masala Bonds of Dewan Housing Finance Limited (DHFL) and sanctioned a Rs 750-crore term loan to a group company of the realtor. In return, Yes Bank's then-managing director and chief executive officer Rana Kapoor allegedly received kickbacks of Rs 600 crore from DHFL. Kapoor and DHFL promoters Kapil Wadhawan and his brother Dheeraj Wadhawan are among the several other accused in the case. The Central Bureau of Investigation (CBI) recently filed its fourth supplementary chargesheet in the case before the special court. Besides Goenka and Balwa, the probe agency has named 12 more persons, taking the tally of the

Long haul for growth: How GDP dynamics may shape up in the coming quarters

Looking at India's growth performance from the expenditure lens indicates a pickup in the private consumption expenditure to 6.9% YoY in Q3FY25 compared to 5.9% YoY in Q2FY25

Bombay HC grants default bail to DHFL's Wadhawans in Yes Bank fraud case

The Bombay High Court granted default bail to DHFL promoters Kapil and Dheeraj Wadhawan in the Yes Bank money laundering case, citing prolonged detention and the right to a speedy trial

Yes Bank Q3 profit surges nearly threefold to Rs 612 cr, NII grows 10%

Yes Bank on Saturday reported nearly threefold jump in net profit to Rs 612 crore for the third quarter ended December 2024 helped by a fall in provisions for bad loans. The private sector bank had earned a net profit of Rs 231 crore in the same quarter of previous financial year. Total income increased to Rs 9,341 crore during the third quarter of the ongoing fiscal from Rs 8,179 crore a year ago, Yes Bank said in a regulatory filing. Interest income increased to Rs 7,829 crore from Rs 6,984 crore. Net interest income grew 10 per cent to Rs 2,224 crore as against Rs 2,017 crore in the third quarter last fiscal year. Net Interest Margin (NIM) of the bank remained flat at 2.4 per cent. Operating profit rose to Rs 1,079 crore from Rs 864 crore. On the asset quality front, the bank's gross non-performing assets ratio improved to 1.6 per cent against 2 per cent a year ago. Similarly, net NPAs, or bad loans, came down to 0.5 per cent from 0.9 per cent at the end of the third quarter l

Q3 results today: Zomato, Paytm, IDBI among 37 to post earnings on Jan 20

Q3 FY25 company results January 20: Zomato, Paytm, IDBI Bank, L&T Finance, Dr Reddy's, and YES Bank will be releasing their Oct-Dec quarter report today