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 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...

YES Bank fixes offer price of FPO as Rs. 12

The Board of Directors of YES Bank, at its meeting held earlier today (i.e., July 18, 2020) has approved the offer price as Rs. 12 per Equity Share and anchor investor offer price as Rs. 12 per Equity Share. The board also approved discount of Rs. 1 per Equity Share...