Thursday, July 4, 2019, 8:52 PM
Private-sector-lender Yes Bank Thursday said it has acquired over 9 percent shares of battery maker Eveready by invoking pledged shares following loan default by a group company. "Yes Bank, pursuant to invocation of pledge of shares, acquired 68,80,149 equity shares... constituting 9.47% of the post-issue paid-up share capital as at July-3, 2019, of Eveready Industries India Ltd," Yes Bank said in a regulatory filing.
Tuesday, June 11, 2019, 3:17 PM
Yes Bank's independent director Mukesh Sabharwal is said to have quit the board of directors, making it the second board-level exit in as many days leading to uncertainty ahead of its shareholders meet on Wednesday, said the source. Sabharwal, a former defence personnel, is supposed to have cited personal reasons for resigning from the board. He has been on the board since since April-2012.
Thursday, May 23, 2019, 8:09 PM
Steller performance of PM Modi's BJP with another large-parliamentary majority will see continuity of macroeconomic-policy in the next five-years but the key-economic-challenge now is to continue reforms, brokerages and economists said. The BJP still does not have a majority in Upper House of Parliament, Rajya Sabha, and this will pose hurdles to party's legislative reform agenda, IHS Markit said in note on election verdict.
Friday, May 17, 2019, 11:48 AM
Yes Bank has clawed back a total of Rs.1.44-crore performance bonus paid to former MD Rana Kapoor after a recommendation of the bank's board. The bonus was paid for the fiscal year ending March 2015-2016 and has been fully recalled the bank said. Kapoor's term was cut-short by RBI in October last year after the regulator expressed unhappiness over the bank's high NPA divergence.
Monday, May 6, 2019, 6:25 PM
Yes Bank has slipped three spots to 10th spot in market valuation for the first time as its shares slumped over 30% in the last two trading sessions. This comes after it reported Rs.1,500-crore net loss for its March quarter earnings. HDFC Bank is the most valued Indian bank with Rs.6.34 trillion market valuation, followed by SBI and Kotak Mahindra.
Thursday, April 25, 2019, 6:05 PM
Yes Bank's new CEO Ravneet Gill is planning to replace the entire top management of the lender, including some of ousted Co-founder Rana Kapoor's aides, according to a eport. At least 14 top executives are reportedly being considered for replacement, including Group President Rajat Monga, Group CFO Raj Ahuja. Gill took the helm of the private lender in March.
Friday, March 1, 2019, 2:26 PM
Yes Bank Friday said Ravneet Gill has taken charge as its MD and CEO with immediate effect for a tenure of three years. "Ravneet Gill has joined Yes Bank as MD & CEO today. His tenure as approved by RBI is 3 years from the date of his joining, i.e. March 1, 2019 to February 28, 2022," Yes Bank said in a regulatory filing.
Saturday, February 16, 2019, 11:51 AM
The Reserve Bank of India has warned Yes Bank of regulatory action for disclosure of nil divergence report in violation of the confidentiality clause, the private sector lender said. Yes Bank in a press release earlier this week had said the RBI has not found any divergence in the asset classification and provisioning done by the lender during 2017-18.
Friday, February 8, 2019, 7:54 AM
Governor Shaktikanta Das' maiden policy announcement has ensured 'growth' re-enters the central-banking vocabulary and there are chances of more-rate-cuts like the one delivered surprisingly Thursday, analysts and industry observers said. "Growth re-enters the central bank's vocabulary as something to be cherished and not to be viewed exclusively as something that raised the risk of inflation," economists at largest private sector lender HDFC Bank said.
Monday, December 31, 2018, 7:48 AM
2018 saw the corporate governance heat being turned on by regulators, shareholders and investors. Result: several-large-companies were compelled to disclose more than they were planning to, with promoters and managements reaching out to investors to explain their stand. "Indian markets have a lot to catch up with the western world in following regulations in letter and spirit," said Nilesh Shah, managing director, Kotak AMC.
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