|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||113.75 - 118.35|
|52 Week Range||112.85 - 404.00|
|Beta (3Y Monthly)||2.00|
|PE Ratio (TTM)||15.85|
|Earnings Date||Apr 17, 2018 - Apr 21, 2018|
|Forward Dividend & Yield||2.00 (1.35%)|
|1y Target Est||282.14|
Moody's placed Yes Bank Ltd's rating under review for downgrade on Tuesday, citing the Indian private-sector lender's exposure to some weak financial companies. "The review for downgrade takes into account Moody's expectation that the ongoing liquidity pressure on Indian finance companies will negatively impact the credit profile of Yes Bank, given the bank's sizeable exposure to weaker companies in the sector," the rating agency said in a note.
Moody's Investors Service has today placed Yes Bank Limited's foreign currency issuer rating of Ba1 under review for downgrade. Moody's has also placed the bank's long-term foreign and local currency bank deposit ratings of Ba1, foreign currency senior unsecured MTN program rating of (P)Ba1, and Baseline Credit Assessment (BCA) and adjusted BCA of ba2 under review for downgrade. At the same time, Moody's has placed the bank's Counterparty Risk Assessment (CR Assessment) of Baa3(cr)/P-3(cr) and domestic and foreign currency counterparty risk rating (CRR) of Baa3/P-3 under review for downgrade.
The practice exposes the Reserve Bank of India to all kinds of potential conflicts it would rather avoid. The eventual solution may be to let the country’s 10th-largest bank by market value get swallowed by a bigger balance sheet. Yes Bank’s problems started two years ago, when the regulator forced it to disclose that nonperforming loans were $630 million more than the $113 million reported in the company’s audited accounts for the year ended in March 2016.
(Reuters) - Indian shares closed slightly lower on Tuesday, with Yes Bank Ltd posting its biggest ever drop as rising bad loans dragged the private-sector lender to a shock quarterly loss. The broader ...
By Chris Thomas and Nivedita Bhattacharjee BENGALURU (Reuters) - Investors sold out of Indian lender Yes Bank Ltd on Tuesday after rising bad loans triggered its first quarterly loss and brokerage Macquarie ...
Moody's Investors Service ("Moody's") has today affirmed Yes Bank Limited's ("Yes Bank") foreign currency issuer rating of Ba1. Moody's has also affirmed the bank's foreign and local currency bank deposit ratings of Ba1/NP, foreign currency senior unsecured MTN program rating of (P)Ba1, and Baseline Credit Assessment (BCA) and adjusted BCA of ba2. At the same time, Moody's has affirmed the bank's counterparty risk assessment (CR Assessment) of Baa3(cr)/P-3(cr) and domestic and foreign currency counterparty risk rating (CRR) of Baa3/P-3.
(Reuters) - The Sensex and Nifty closed lower on Monday, dragged by losses across most sectors, as investors awaited cues after lacklustre growth in December quarter corporate earnings. The Sensex closed ...
"There's a lack of buyers in the marker, lack of triggers... Earnings multiples could have been better to make us an attractive investment target," said Jayant Manglik, president, Religare Broking. The Sensex shed 0.72 percent to 35,551.60. Sentiment was dragged by market heavyweights, with Tata Consultancy Services Ltd losing as much as 2.3 percent and Reliance Industries Ltd declining nearly 2 percent.
More than 101 million shares changed hands by 0418 GMT, double the 30-day average trading volume, and making them the most heavily traded on the National Stock Exchange. The central bank did not find any divergences in the asset classification and provisioning by Yes Bank for the fiscal year ending 2018, the bank said in a statement on Wednesday. This came as a relief for Yes Bank, which reeled under pressure last year to bring in a new chief executive officer amid an increasingly assertive approach by the Reserve Bank of India to tackle domestic banks' bad debts.
(Reuters) - Yes Bank Ltd on Thursday named Ajai Kumar as interim chief executive, effective Feb. 1, until Ravneet Gill takes charge. Rana Kapoor stepped down as CEO on January 31 after the bank's founder ...
(Reuters) - Indian shares closed lower for a third session in four on Friday, dragged by Zee Entertainment Enterprises and Maruti Suzuki India Ltd. The benchmark BSE Sensex fell 0.47 percent to 36,025.54, ...
Yes Bank's stock had been dragged down by a long tussle with the central bank over Kapoor's future, which had also led to several board departures. Gill would join by March 1, Yes Bank said in a statement, adding that its board will meet on Jan. 29 to finalise who would lead the bank in the transition period. The RBI had denied Kapoor an extension to his term twice last year without giving a reason and asked Yes Bank to find a new CEO by Feb. 1., exemplifying an increasingly assertive approach to tackling Indian banks' bad debts.
The private sector bank will now seek approval from the Reserve Bank of India (RBI) for the CEO appointment, and will make the relevant disclosures after the RBI's approval, the lender said in a statement. Yes Bank's governance was thrown into question in September when the RBI asked Kapoor to step down by the end of January, sending its stock plunging and causing several resignations from its board.
The bank now plans to submit the final recommendation for the CEO post to the Reserve Bank of India (RBI) after the next board meeting on Jan. 9, India's fifth largest private-sector lender by assets said in a statement. Yes Bank shares, which rose as much as 3.5 percent earlier in the session, reversed course to close 6.4 percent lower.
(Reuters) - Yes Bank Ltd, India's fifth largest private-sector lender by assets, has had a rough ride since the country's central bank trimmed its chief executive officer's (CEO) term in September. The ...
(Reuters) - Shares of Yes Bank Ltd plunged to their lowest in more than two years on Thursday after credit rating agencies ICRA and CARE Ratings downgraded ratings on the lender's debt instruments. India's ...
Yes Capital, owned by Yes Bank CEO and shareholder Rana Kapoor, borrowed money from the market and invested that into another one of his investment vehicles, the Economic Times said citing sources who did not want to be identified. Yes Bank denied involvement with the fund management of these investment vehicles. The ultimate beneficial ownership of these investment vehicles rests with Yes Capital, which also owns shares in Yes Bank, the Economic Times stated, citing sources.
Moody's Investors Service has today downgraded Yes Bank Limited's (Yes Bank) foreign currency issuer rating to Ba1 from Baa3. Moody's has also downgraded the bank's foreign and local currency bank deposit ratings to Ba1/NP from Baa3/Prime-3 and foreign currency senior unsecured MTN program rating to (P)Ba1 from (P)Baa3.
The sudden $12.8 billion bankruptcy of infrastructure lender IL&FS Group, currently sequestered under a government-blessed, out-of-court process, underscores India’s lack of preparedness to handle a big shift in lending in recent years — away from banks. The bank annoyed the RBI with its egregious misreporting of nonperforming assets.