Bank cited extreme volatility in trading due to misinterpretation of new QIP guidelines
Price band for the shares, to be placed with institutional investors, is Rs 1,350-1,410 each
Besides a strong focus on granular transaction banking, cross sell and various digital banking solutions, Amit would also drive business development
The rate of interest will range between 1.2-2.4 per cent per month and they will also give cards to non-bank customers
Yes Bank reported a 32.8% rise in net profit to Rs 731.8 cr during the first quarter ended June 30
LIC Housing, Dewan Housing, Shree Cement, Trent, Sundram Fasteners and Shriram City Union Finance hit 52-week highs.
Last year, the lender had received the clearance from the Reserve Bank of India for this business
To Rs 731.8 crore in the April-June quarter as its net interest income and other income surged significantly
The bank said, it has senior leadership and technology architecture to establish the business, and will commence operations in 12 months
Private sector lender has maintained an adequate loans to customer deposit ratio of 95% at end-March 2016
Kerala, Punjab stand out in terms of higher pension and wage liability
Thus far in 2016, the stock rallied 50% as compared to 2.5% gain the S&P BSE Sensex.
Open-sourcing refers to giving credit cards even to customers with whom the lender doesn't have a relationship
Once RBI approves its application, YES Bank aims to get a full banking license in Singapore
Bank also committed to achieve target funding of 5,000 mw of clean energy
Bank has recently got government approval for increasing foreign investment to 74%.
Click&Pay to issue Yes Bank sponsored mobile wallets and use bank's IMPS platform to process instant proximity transactions with merchants and person to person
Click&Pay will employ bank's IMPS platform to help it process instant proximity transactions
Private sector lender Yes Bank will seek shareholders approval for raising about Rs 16,500 crore through issue of debt securities as well as equity capital in one or more tranches. The annual general meeting of the bank will be held on June 7, Yes Bank said in a statement today. The bank proposes to seek approval for borrowing or raising funds in Indian or foreign currency by issue of debt securities up to Rs 10,000 crore to eligible investors on private placement basis, it said. The proposed fund would be raised in one or more tranches in domestic and or overseas market, as per the structure and within the limits permitted by the RBI and other regulatory authorities, it said. These would form part of the overall borrowing limits approved by shareholders of Rs 50,000 crore, it further said. Besides, the bank proposes to raise additional capital aggregating up to USD 1 billion (about Rs 6,500 crore) or its Indian rupee equivalent by way of placement of shares through ...
The RBI has approved hike in FII/FPI investment limit to 60% from 49%