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...
Yes Bank FPO subscribed 95% on final day of issue
Mumbai: On the last day of Yes Bank's Rs 15,000-crore follow on public offer (FPO), that is on Friday, the issue was subscribed by as much as 95 percent. As per SEBI rules, companies need a minimum subscription of 90 percent of the issued amount on the date of closure...
Opportunity to buy Yes Bank shares at half price
New Delhi: Struggling with financial crisis, Yes Bank of the private sector has announced to raise capital of Rs 15,000 crore through a follow-on public offer (FPO). The issue will open on 15 July and will close on 17 July. The base rate for this has been fixed at Rs...
YES BANK divests 2.84% stake in SICAL Logistics Ltd
YES BANK Limited ("the Bank") has sold 16,61,008 equity shares having nominal value of Rs.10/- each, constituting 2.84% of the paid-up share capital of SICAL Logistics Limited ('SICAL') in various tranches, last being on June 22, 2020 resulting into a change in holding of the Bank by more than 2%...
Yes Bank plans to raise Rs. 8000 crore via share sale in public issue
As per sources privy to the development, Yes Bank is mulling to raise at least Rs. 8000 crore via rights issue. This the bank aims to do to augment its capital base. As the bank is soon to begin its fund raising spree, the lender's tier-I core capital ratio would...
Yes Bank restructuring of salaries for senior leadership team
New Delhi: Private sector lender Yes Bank on Sunday announced restructuring of salaries for senior leadership team, wherein nearly a third of their yearly compensation will be moved to the “variable pay” category. The move to allocate 30 per cent of the total cost to company as variable pay is...
Yes Bank launches instant overdraft facility against FDs
On Thursday, Yes Bank announced the launch of overdraft facility against Fixed Deposits (FDs) through its digital channels - YES Mobile and YES Robot. It allows customers to avail instant OD facility on FDs from the safety and comfort of their homes in three simple steps, the bank said in...
Yes Bank earned Rs 2629 crore in March quarter
New Delhi. Yes Bank of the private sector, which has been going through the crisis for the last few months, has presented shocking financial results for the January-March quarter. The bank made a surprise profit of Rs 2629 crore in this quarter, while Yes Bank had a loss of Rs...
Max Life, Yes Bank announce 5-year extension of strategic partnership
New Delhi: Max Life Insurance and Yes Bank on Monday announced a five-year extension of their strategic bancassurance relationship, reaffirming their commitment to invest in building a digitally-enabled ecosystem that will provide a seamless experience for customers in their financial planning and protection journey. Building on the 15-year partnership, both...