Tag: Yes Bank

Mumbai: Yes Bank will submit names of the potential candidates for its Managing Director and Chief Executive post to the Reserve Bank of India (RBI) on Thursday. The bank in a regulatory filing after its Board meeting on Wednesday said that it has finalised the names which it will disclose only after RBI’s approval. According […]

Kolkata: Ahead of the strike called by the United Forum of Bank Unions (UFBU) on December 26, one of the bank officers’ union has called a strike on December 21, demanding unconditional mandate for the XIth bipartite wage revision talks, officials said on Wednesday. In the wake of strikes and holidays, the banks will remain […]

Mumbai: Yes Bank on Thursday reported a decline of 3.73 per cent in its standalone net profit for the second quarter of financial year 2018-19. According to the lender, its Q2 net profit declined to Rs 964.7 crore from Rs 1,002.73 crore reported for the corresponding period of the previous financial year. “Net profit declined […]

Mumbai: The Reserve Bank of India (RBI) has reaffirmed that a successor to YES BANK’s MD and CEO Rana Kapoor should be appointed by February 1, 2019. The private lender had earlier said it will request RBI to extend Kapoor’s tenure up to minimum of April 30, 2019. According to a company’s filing on Wednesday, […]

Mumbai: The BSE benchmark Sensex Monday rose 169 points, led by gains in IT stocks amid positive global cues. The NSE barometer Nifty gained 52 points to reclaim the 11,900 level. Top gainers in the Sensex pack were TCS, Bharti Airtel, Infosys, Axis Bank, L&T, ITC, PowerGrid, HCL Tech and Tata Steel, ending up to […]

Mumbai: Sensex traded slightly lower after opening on a flat note on Thursday. At 10.14 a.m., the Sensex was trading 55.45 points lower at 39,160.19. It opened at 39,204.47 from its Wednesday’s close 39,215.64. The Nifty was trading 20.10 points lower at 11,667.40. Yes Bank was the top loser, down over 10 per cent on the […]

Mumbai: Domestic equity benchmark BSE Sensex rallied over 662 points in opening session on Monday after the government rolled back the enhanced surcharge on foreign portfolio investors, and unveiled a slew of measures to boost the economy. The 30-share index, however, pared some gains as investors began booking profits at higher levels. The index was […]

Mumbai: Domestic equity benchmark BSE Sensex jumped over 100 points in early session on Friday, driven by by gains in IT and auto stocks, amid positive domestic and global cues. After touching a high of 37,244.34, the 30-share index pared most gains to trade 9.23 points, or 0.02 per cent, higher at 37,113.51 at 0950 […]

Mumbai: Domestic equity benchmark BSE Sensex dropped over 200 points in early session on Thursday, dragged by losses in index heavyweights Yes Bank, TCS and Infosys, amid unabated foreign fund outflow and mixed global cues. The 30-share index was trading 206.33 points, or 0.56 per cent, lower at 36,357.55 at 0930 hours, while the broader […]

New Delhi: The key Indian equity indices slumped over 1 per cent on Thursday with the BSE Sensex closing 470 points lower, owing to heavy selling in oil, metal and IT stocks amidst mixed global cues. Selling acitivity was witnessed across sectors and the key indices remained in the red throughout the day. Stock-wise, Yes […]

Mumbai: Singapore-based DBS Bank said on Saturday that reports claiming that it will acquire controlling stakes in Yes Bank were false. “The rumours of DBS acquiring a stake in Yes Bank are unfounded and baseless,” a DBS spokesperson told IANS. Meanwhile, Yes Bank also confirmed that the DBS acquisition reports were false. Earlier, Yes bank […]

Mumbai: Sensex and Nifty opened higher on Tuesday over firm global cues and slightly better than expected earning results so far. Meanwhile, Yes Bank shares jumped nearly 5 per cent after marquee investor Rakesh Jhunjhunwala picked up nearly 1.3 core shares of the private bank. Sensex opened at 40,445.67, from its Monday’s close of 40,301.96 […]

Puri: Going by Odisha government’s own guidelines, shifting of funds from one bank to another without valid reasons & approval will tantamount to financial irregularity and it is no surprise that the opposition parties are up in arms over reported transfer of Lord Jagannath’s funds to a private bank. As per a letter dated 04-10-2019 […]

Mumbai: Troubled private sector lender Yes Bank was placed under a “moratorium” on late Thursday, with the RBI capping depositor withdrawals at Rs 50,000 per account for a month and superseding the board with immediate effect. The Reserve Bank of India (RBI) took the decision in consultation with the government to protect depositors’ interest. The […]

New Delhi: Payment services provider PhonePe has suffered an outage after the Reserve Bank of India (RBI) on Thursday put Yes bank under moratorium. In a tweet, PhonePe said that its services are temporarily unavailable as it is going through an unscheduled maintenance activity. “We are temporarily unavailable. We are going through an unscheduled maintenance […]