Troubles mount for embattled lender YES Bank
YES Bank’s audit committee chairman Uttam Prakash Agarwal resigned as independent director citing deteriorating corporate governance standards at the private lender.
ravneet gill
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YES Bank shares tumble after Moody’s downgrade
Trouble hit the private lender once again after ratings agency Moody’s cut the bank’s credit rating and assigned a negative outlook to the company. YES Bank shares dived 10% on the BSE on Friday .
YES Bank and its chronic bad loan pain
No respite for controversy-hit YES Bank after the RBI finds the private sector lender guilty of under-reporting bad loans, again, casting a shadow on the bank’s asset quality and profitability in Q3.
Light at the end of the tunnel for YES Bank?
The private lender receives a binding offer of $1.2 billion from a global investor; shares rally as much as 35% before closing the day with 24% gain at ₹70.45.
Decoding YES Bank’s fast-rising share price
The private lender’s 106% recovery in share price from its 52-week low in early October could be a value trap for investors.
YES Bank arrests share price fall
An analysts call an hour before the start of trading after an unprecedented disclosure of key numbers by the bank helps to arrest share price fall.
YES Bank shares soar on investment prospect
The private lender’s shares gained 13.5% on Wednesday.
YES Bank Q1 profit declines 91%
Worst quarterly performance in 20 quarters; net profit plunges to ₹113.8 crore from ₹1,260.36 crore a year ago due to higher provisioning.
YES Bank posts first ever quarterly loss
The fifth-largest private lender reported a loss of ₹1,506.6 crore in the March quarter, its first in 55 quarters since its listing, on account of bad loans.
Ravneet Gill appointed YES Bank MD and CEO
The current chief of Deutsche Bank in India will take charge at YES Bank on or before March 1, as the market cheers the end of uncertainty around the bank’s future leadership
