Page 6 - Yes Bank

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

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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

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

Bank of Baroda to UCO Bank: Loan growth of banks picks up pace in Q3

Meanwhile, Yes Bank reported a marginal contraction in deposits during the October-December period (Q3FY25) over the previous quarter

YES Bank shares rise 3% as loans, deposits show solid growth in Q3FY25

YES Bank share news: YES Bank said its Loans and Advances during Q3FY25 increased 12.6 per cent year-on-year (Y-o-Y) to Rs 245,035 crore

Credit card changes in December: Check out Axis Bank, YES Bank, SBI updates

Credit card updates relate to reward point structures, fees, and payment conditions, impacting various customer categories

Want to grow loans cautiously: Yes Bank MD & CEO Prashant Kumar

Prashant Kumar discussed the bank's deposit strategy, loan growth trajectory, the status of stake sale, and other key developments

YES Bank offers up to 8.25% interest rate on fixed deposits below Rs 3 cr

The highest interest rate of 7.75% and 8.25% is for a tenure of 18 months

BFSI Summit: 'Service key to mobilising deposits, not just interest rates'

BFSI Summit: CEOs of prominent private banks say that interest rate hikes are not the key to attracting customers. Instead, the delivery of banking services and brand trust play more significant roles

ACC, 2 pvt banks among 8 midcap stocks turn favourable on tech charts

The Nifty MidCap index has gained 3% from its recent low in the last three days. Amid this these 8 stocks have seen key momentum oscillators turn favourable on the daily chart.

Yes Bank looking to sell Rs 635 cr of non-performing unsecured loans

JC Flowers seeks counter bids to sell Rs 1,290 cr of erstwhile Yes Bank loans

Summit Digitel Infrastructure raises Rs 1,000 cr at a coupon rate of 7.58%

Private sector lenders Yes Bank and Axis Bank have subscribed to 30 per cent of the issue size as anchor investors. They are also the arrangers of the issue

YES Bank stock soars 10% after green signals in Q2FY25 results; NII up 14%

YES Bank shares jumped 9.74 per cent at Rs 21.29 per share on the BSE

Yes Bank Q2FY25 results: Net profit more than doubles to Rs 533 cr

Right time to acquire Micro finance business

Yes Bank's Q2 result: Profit doubles to Rs 553 cr on strong lending income

Yes Bank's loans grew 12.4 per centon year, while deposits rose 18.3 per cent