Private sector Yes Bank is auctioning off immovable properties of e-commerce company Magnum Solutions Ltd to recover its debt of Rs 345 crore. The auction will be done online on May 15. In its E-Auction notice, Yes Bank said that it had taken possession of the physical properties of Magnum...
Yes Bank ties-up with GVFL
Mumbai: To broaden its services for the start-up sector, the lender Yes Bank has tied-up with GVFL Limited. Accordingly, the two companies have entered into a Memorandum of Understanding (MoU) to strengthen Fintech-led innovation and support the growth of the Indian startup ecosystem. "The MoU will enable the bank to...
Yes Bank launches new health wellness card
During the Corona epidemic, people have increased attention towards their health. In view of this, Yes Bank has launched Yes Bank Wellness and Yes Bank Wellness Plus Credit Card. For this, the bank has tied up with Aditya Birla Wellness Private Limited. The bank said in the statement that the...
Yes Bank takes on lease 62,500 sq ft office space in Noida from Max group
New Delhi: In a statement, the company said it has leased about 62,500 sq ft at its commercial project 'Max Towers' in Noida to Yes Bank, which plans to relocate its offices from the Central Business District (CBD) to the new location to rationalize cost. During the last six months,...
Yes Bank aims to disburse Rs 10,000 cr retail, MSME loans in Dec quarter
New Delhi: "By 2023, we aim to double the retail and MSME assets as well as liability book. Following the road map to become a truly digital retail bank, we are innovating constantly to meet these evolving needs of our retail customers and MSME clients across the spectrum," Rajan Pental,...
Yes Bank launches co-branded prepaid card with Neokred for cashless payments
New Delhi: Yes Bank on Tuesday said it has launched a co-branded prepaid card in partnership with Neokred Technologies to facilitate cashless payments. The card offerings can be personalised to suit the requirements of corporates seeking salary cards or expense cards for their employees. Yes Bank in partnership with Neokred...
CARE raises Yes Bank rating
The shares of Yes Bank have started an upper circuit today. Yes Bank shares rose 5 per cent in today's trading to Rs 13.50. The stock had closed at Rs 12.90 on Monday. Rating agency CARE has increased the rating of Yes Bank's debt instruments. After which, the sentiment of...
Yes Bank to sell its 32,344Cr NPA portfolio
New Delhi: Yes Bank is looking to sell its entire NPA portfolio of Rs 32,344 crore to ARCs or other potential investors. Sources informed that Yes Bank's offer to ARCs will be to recover at least 15 per cent amount i.e. Rs 5,000 crore upfront. The balance 10 per cent...
Yes bank to close 50 branches
Yes bank is going to close its 50 branches. Apart from this, the bank is also considering reducing the number of its ATMs. This is because under the new management, this private sector bank is running a target of 20 percent reduction in operating expenses in the current financial year...
Yes Bank to sell mutual fund arm to GPL Finance
Mumbai: 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 bank. YESAMC is the asset management company of YES Mutual Fund and...