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Page 56 - Yes Bank

Four brokerage houses question YES Bank's future, raise concerns

Brokerages have raised red flags after the private lender was unable to give clarity on its fund raising plans after two board meetings

Four brokerage houses question YES Bank's future, raise concerns
Updated On : 11 Dec 2019 | 9:24 PM IST

YES Bank extends fall, shares slip over 15% on capital infusion concerns

The stock opened lower on the BSE and slumped further by 19.48% to Rs 40.70 ion day trade

YES Bank extends fall, shares slip over 15% on capital infusion concerns
Updated On : 11 Dec 2019 | 9:21 PM IST

YES Bank extends fall, slips 19% on concerns over fund-raising plan

The bank on Tuesday told stock exchanges that it was considering the $500 million offer made by Citax Holdings and Citax Investment Group

YES Bank extends fall, slips 19% on concerns over fund-raising plan
Updated On : 11 Dec 2019 | 12:14 PM IST

Unable to find itself a decent suitor, YES Bank needs an arranged match

Yes Bank needs an arranged match brokered by the RBI, or it's No Bank

Unable to find itself a decent suitor, YES Bank needs an arranged match
Updated On : 11 Dec 2019 | 10:30 AM IST

Yes Bank mulls Citax Holdings offer, Erwin Singh Braich still in fray

Board of directors will continue to evaluate other potential investors to raise capital up to $2 bn

Yes Bank mulls Citax Holdings offer, Erwin Singh Braich still in fray
Updated On : 11 Dec 2019 | 2:47 AM IST

Five of 11 entities to go for QIPs trading in red; Lakshmi Vilas top loser

While investors have made decent returns on most deals, they have lost out heavily on three transactions.

Five of 11 entities to go for QIPs trading in red; Lakshmi Vilas top loser
Updated On : 11 Dec 2019 | 2:43 AM IST

YES Bank to consider $500-mn Citax offer; Braich's offer under discussion

The board decided that the final decision regarding allotment to Citax Holdings and Citax Investment Group will follow in the next board meeting, subject to requisite regulatory approval

YES Bank to consider $500-mn Citax offer; Braich's offer under discussion
Updated On : 10 Dec 2019 | 6:06 PM IST

YES Bank hits 6-week low ahead of board meet; stock falls 24% in eight days

YES Bank is likely to reject the offer that made up more than half of its planned $2 billion capital raising, and is talking to institutional investors about making up the shortfall, report.

YES Bank hits 6-week low ahead of board meet; stock falls 24% in eight days
Updated On : 10 Dec 2019 | 11:08 AM IST

Erwin Braich, the puzzling Canadian tycoon behind bid to save Yes Bank

Erwin Braich, the son of a lumber baron from Punjab, has a history including bankruptcy, lawsuits and soured business deals.

Erwin Braich, the puzzling Canadian tycoon behind bid to save Yes Bank
Updated On : 10 Dec 2019 | 7:18 AM IST

Yes Bank yet to approve Blackstone's buyout of Coffee Day's tech park

Shares of Coffee Day extended decline to as much as 14.5% in Mumbai, which is the biggest drop since July 31.

Yes Bank yet to approve Blackstone's buyout of Coffee Day's tech park
Updated On : 09 Dec 2019 | 9:52 PM IST

Yes Bank likely to reject $1.2 bn offer from Canadian tycoon Erwin Braich

At a meeting on Tuesday, the board is expected to reject an offer from Canada's Erwin Singh Braich and Hong Kong-based SPGP Holdings to contribute $1.2 billion toward the fund raising

Yes Bank likely to reject $1.2 bn offer from Canadian tycoon Erwin Braich
Updated On : 09 Dec 2019 | 3:37 PM IST

YES Bank shares tumble 10% after Moody's downgrades foreign currency rating

The scrip settled the day at Rs 56 on the BSE, down 9.82%

YES Bank shares tumble 10% after Moody's downgrades foreign currency rating
Updated On : 07 Dec 2019 | 2:28 AM IST

YES Bank dips 5% after Moody's downgrades ratings, assigns negative outlook

Moody's downgraded the Bank's long-term foreign currency issuer rating to B2 from Ba3, as potentially stressed assets and low loss-absorbing buffers may add pressure to its funding and liquidity.

YES Bank dips 5% after Moody's downgrades ratings, assigns negative outlook
Updated On : 06 Dec 2019 | 10:12 AM IST

Moody's downgrades Yes Bank's ratings, assigns negative outlook

Global rating agency says potentially stressed assets and low loss-absorbing buffers may add pressure to the bank's funding and liquidity, and create additional risks to its standalone credit profile

Moody's downgrades Yes Bank's ratings, assigns negative outlook
Updated On : 05 Dec 2019 | 5:39 PM IST

YES Bank's $2 billion capital plan leaves shareholders in two minds

Such concerns follow reports of lawsuits involving Erwin Singh Braich, a Canadian entrepreneur who alongside SPGP Holdings has committed $1.2 billion to the capital increase

YES Bank's $2 billion capital plan leaves shareholders in two minds
Updated On : 04 Dec 2019 | 1:55 PM IST

With history of bankruptcy, top Yes Bank investor may not meet RBI norms

Erwin Braich's troubled history will make it difficult for him to clear the "fit and proper" criteria for investments in banks, say analysts

With history of bankruptcy, top Yes Bank investor may not meet RBI norms
Updated On : 03 Dec 2019 | 12:54 PM IST

YES Bank down for third straight day; stock trades near one-month low

the bank announced, on Friday evening, that its board had agreed to raise $2 billion from an assortment of investors

YES Bank down for third straight day; stock trades near one-month low
Updated On : 03 Dec 2019 | 12:17 PM IST

Top business headlines: FM ends MAT confusion, YES Bank shares hit, & more

Finance Minister Nirmala Sitharaman spoke of the challenges in maintaining fiscal discipline, while comparing the Modi government's fiscal record with that of the Manmohan Singh government

Top business headlines: FM ends MAT confusion, YES Bank shares hit, & more
Updated On : 03 Dec 2019 | 7:42 AM IST

Lack of marquee investors, fear of RBI refusal hit YES Bank shares, bonds

On Friday evening, the bank had announced that its board had agreed to raise $2 billion from an assortment of investors

Lack of marquee investors, fear of RBI refusal hit YES Bank shares, bonds
Updated On : 03 Dec 2019 | 1:14 AM IST

Who is Erwin Braich? Canadian who committed to Yes Bank's $2 bn pledge

The board will meet again on Dec. 10 to approve a preferential allotment of shares to investors, none of which will receive more than a 25% stake in the bank.

Who is Erwin Braich? Canadian who committed to Yes Bank's $2 bn pledge
Updated On : 02 Dec 2019 | 10:39 AM IST