|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.70 - 15.15|
|52 Week Range||12.10 - 24.75|
|Beta (5Y Monthly)||0.48|
|PE Ratio (TTM)||43.38|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jun 04, 2019|
|1y Target Est||N/A|
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Shares of India's Yes Bank Ltd fell as much as 12.7% to a seven-month low on Monday at the end of a three-year lock-in period that barred investors from selling stock they had acquired as part of the lender's restructuring. The Reserve Bank of India (RBI) had required Yes Bank's shareholders, which includes the State Bank of India (SBI) and other private lenders, to hold on to 75% of the shares acquired as part of the restructuring in March 2020. Yes Bank shares have fallen by more than 50% since the restructuring, including about 20% this year after the lender reported a surprise 80% drop in quarterly profit in January.
India's Yes Bank reported a surprise 80% plunge in quarterly profit on Saturday as provisions for bad loans increased. Net profit fell to 515.20 million rupees ($6.36 million) for the three-months ending December 31, from 2.66 billion rupees in the year-earlier period. The bank also aims to recover around 10 billion rupees in the current quarter, Chief Executive Prashant Kumar said in a call on Saturday.
The Bombay High Court on Friday quashed the write-off of additional Tier-1 (AT1) bonds issued by Yes Bank Ltd, according to a court order. The bonds were written off as part of a restructuring plan to rescue Yes Bank in March 2020. Additional Tier-1 bonds are high-yield securities that typically have loss-absorbing features, meaning they can be written off if a lender's capital falls below a crucial level, which was invoked in Yes Bank's case.