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SBI General Insurance, YES Bank sign corporate agency agreement

SBI General Insurance, YES Bank sign corporate agency agreement

🕔07:19, 15.Sep 2020

New Delhi, Sep 15  General insurer SBI General and private sector bank YES Bank have signed a Corporate Agency Agreement for the distribution of retail products of the insurance company for the bank’s corporate and retail customers. The products of

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ICRA upgrades Yes Bank issued securities credit ratings

ICRA upgrades Yes Bank issued securities credit ratings

🕔15:09, 13.Sep 2020

Mumbai, Sep 13  Improving financial conditions has led ICRA to upgrade credit ratings on securities issued by the lender Yes Bank. The development comes months after the private lender’s financial position worsened and its board was superseded by the Reserve

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Yes Bank to sell mutual fund arm to GPL Finance

Yes Bank to sell mutual fund arm to GPL Finance

🕔06:58, 22.Aug 2020

Mumbai, Aug 22  Yes Bank has signed a definitive agreement with GPL Finance and Investments Ltd to sell 100 per cent stake in Yes Asset Management (India) Ltd (YESAMC) and Yes Trustee Limited (YTL), both wholly-owned subsidiaries of the restructured

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Adani Electricity sells Rs 202 crore worth stock in Yes Bank

Adani Electricity sells Rs 202 crore worth stock in Yes Bank

🕔18:06, 7.Aug 2020

New Delhi, Aug 7  Adani Electricity Mumbai Ltd (AEML) has sold shares worth Rs 202 crore in Yes Bank. This was done through an open market transaction on Thursday. AEML sold off 15 crore shares which represented 1.19 per cent

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Moody’s upgrades Yes Bank’s ratings on fund raising

Moody’s upgrades Yes Bank’s ratings on fund raising

🕔07:25, 4.Aug 2020

Mumbai, Aug 4  Credit ratings agency Moody’s Investors Service has upgraded Yes Bank’s long-term foreign currency issuer rating to ‘B3’ from ‘Caa1’ after the bank recently raised Rs 15,000 crore through a further public offering (FPO). It has also changed

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Yes Bank shares plunge below FPO price

Yes Bank shares plunge below FPO price

🕔13:20, 28.Jul 2020

Mumbai, July 28  The slump in Yes Bank’s shares continued on Tuesday with its stock price falling below the further public offering (FPO) price of Rs 12. During the initial trade, its share price on the BSE declined nearly 10

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Yes Bank to trim corporate portfolio, focus on retail loans

Yes Bank to trim corporate portfolio, focus on retail loans

🕔17:07, 13.Jul 2020

New Delhi, July 13  Yes Bank will focus more on giving retail loans and to MSMEs and will trim its corporate loan portfolio. Bank’s CEO Prashant Kumar on Monday said that the ratio of the bank’s loan book was inclined

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Yes Bank sets floor price of Rs 12/share for FPO issue

Yes Bank sets floor price of Rs 12/share for FPO issue

🕔14:11, 10.Jul 2020

Mumbai, July 10 Yes Bank’s Capital Raising Committee (CRC) of the Board of Directors on Friday set a floor price of Rs 12 per share for its upcoming further public offering (FPO). The board has fixed a cap price of Rs

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Yes Bank case: ED attaches Rs 2,203 cr assets of Kapoor, others

Yes Bank case: ED attaches Rs 2,203 cr assets of Kapoor, others

🕔07:03, 10.Jul 2020

New Delhi, July 10 The Enforcement Directorate (ED) has attached Rs 2,203 crore assets of Yes Bank founder Rana Kapoor, his family, Dewan Housing Finance Ltd (DHFL) promoters and others under the Prevention of Money Laundering Act (PMLA) in the Rs

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Yes Bank’s Rs 15K cr further public offering opens on July 15

Yes Bank’s Rs 15K cr further public offering opens on July 15

🕔12:40, 9.Jul 2020

Mumbai, July 9  Yes Bank has filed a red herring prospectus for its further public offering (FPO) to raise up to Rs 15,000 crore. The FPO issue will open on July 15 and close on July 17. The anchor investor

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SBI okays up to Rs 1,760 cr investment in Yes Bank’s FPO

SBI okays up to Rs 1,760 cr investment in Yes Bank’s FPO

🕔07:38, 9.Jul 2020

Mumbai, July 9  The State Bank of India (SBI), on Wednesday, said that its Executive Committee of Central Board (ECCB) has approved an investment of up to Rs 1,760 crore in the Yes Bank’s further public offering (FPO). The development

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Yes Bank Board okays fund raising by Further Public Offering

Yes Bank Board okays fund raising by Further Public Offering

🕔07:53, 8.Jul 2020

Mumbai, July 8  Yes Bank on Tuesday said that its Capital Raising Committee of the Board of Directors has approved raising funds by way of a further public offering. The committee took the decision at its two-hour long meeting on

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Yes Bank to auction assets of Avantha Holdings, Oscar Investments

Yes Bank to auction assets of Avantha Holdings, Oscar Investments

🕔07:05, 6.Jul 2020

New Delhi, July 6  Yes Bank will auction properties of Gautam Thapar’s Avantha Holdings and Shivinder and Malvinder Singh’s Oscar Investments Ltd in a bid to recover their dues. The sale of immovable assets will take place later in the

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Yes Bank posts surprise profit in Q4, deposits down 54% in last year

Yes Bank posts surprise profit in Q4, deposits down 54% in last year

🕔08:06, 7.May 2020

New Delhi, May 7  Yes Bank, which was put under a moratorium by the government, has registered a surprise profit of Rs 2,629 crore due to an extraordinary item of write off of T1 bonds. The bank has a loss

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Yes Bank gets new Board, decides to raise additional Rs 5k cr

Yes Bank gets new Board, decides to raise additional Rs 5k cr

🕔07:09, 27.Mar 2020

Mumbai, March 27  Private lender Yes Bank on Thursday constituted a new Board led by former SBI official Prashant Kumar. Eight members including Kumar were appointed to the Board, which subsequently held its first meeting where it decided to raise

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Depositors’ money safe, don’t see panic withdrawals: Yes Bank

Depositors’ money safe, don’t see panic withdrawals: Yes Bank

🕔13:07, 18.Mar 2020

Mumbai, March 18  With normal banking services in Yes Bank to resume at 6 p.m. on Wednesday, the private sector bank’s administrator and new investors assured all deposit holders that their savings in the bank were absolutely safe and customers

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Will add liquidity if needed, RBI assures Yes Bank depositors

Will add liquidity if needed, RBI assures Yes Bank depositors

🕔07:10, 17.Mar 2020

Mumbai, March 17  Describing the reconstruction scheme for Yes Bank as credible and sustainable, Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday sought to assure the private bank’s depositors that their hard-earned money is safe. He also said

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Retail investors big losers in Yes Bank AT1 bond write down

Retail investors big losers in Yes Bank AT1 bond write down

🕔07:08, 17.Mar 2020

New Delhi, March 17  Arnab (name changed) put his lifetime savings into additional tier 1 or AT1 bonds of Yes Bank in 2018 after he was assured that such investment was as safe as a bank fixed deposit but offered

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Yes Bank shares up 45% as rescue plan kicks in

Yes Bank shares up 45% as rescue plan kicks in

🕔14:49, 16.Mar 2020

Mumbai, March 16  Shares of crisis-ridden Yes Bank soared on Monday as its reconstruction scheme has come into effect, and the bank has announced that it will resume full-fledged operations on March 18. At 1.32 p.m., its stock price stood

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Yes Bank allots shares to SBI, 7 private banks

Yes Bank allots shares to SBI, 7 private banks

🕔15:30, 15.Mar 2020

Mumbai, March 15  Crisis-hit Yes Bank has allotted 1,000 crore equity shares to seven private banks and the state-run State Bank of India for a total consideration of Rs 10,000 crore. IDFC First Bank is the latest to enter the

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