
Yes Bank profit rises 10.3% YoY to ₹342.5 cr in Q1 of FY24
In the Q1 of FY24, the bank's total income stood at ₹7,584.3 crore, witnessing a growth of 29.7% year-on-year, as against ₹5,876 crore in the same period of the corresponding year.
In the Q1 of FY24, the bank's total income stood at ₹7,584.3 crore, witnessing a growth of 29.7% year-on-year, as against ₹5,876 crore in the same period of the corresponding year.
ZEEL’s former chairman Subhash Chandra and his son and MD & CEO Punit Goenka have been barred from holding directorial, key managerial roles in any listed company or its subsidiaries.
Minority shareholders own 10.15% stake in Dish TV; cite complete loss of faith in credibility of board
In FY23, the bank’s net profit declined by 32.73% to ₹717 crore, as against ₹1,066 crore in FY22.
Writing off AT1 bonds of Credit Suisse in Europe and Yes Bank in India pose a threat to this post-2007-08 global financial instrument meant to soar up capital and absorb financial shocks.
The 3-year lock-in period for SBI expires today, while for other shareholders such as Axis Bank, ICICI Bank, IDFC First Bank, HDFC Bank, it will end on March 13.
Shares of Yes Bank dropped 9% to ₹17.85 apiece on the National Stock Exchange (NSE).
The private lender has completed the sale of ₹48,000 crore stressed asset loan portfolio of the bank to JC Flowers Asset Reconstruction company.
Thanks to recent surge in share prices, YES Bank jumped to 92nd position in overall m-cap ranking on the BSE.
The bank said it will now engage with the investors for the completion of the proposed fundraise.