Previous Close | 17.90 |
Open | 18.20 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 17.30 - 18.20 |
52 Week Range | 12.10 - 24.75 |
Volume | |
Avg. Volume | 213,491,146 |
Market Cap | 504.641B |
Beta (5Y Monthly) | 0.60 |
PE Ratio (TTM) | 51.47 |
EPS (TTM) | 0.34 |
Earnings Date | Apr 28, 2023 - May 02, 2023 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Jun 04, 2019 |
1y Target Est | 14.45 |
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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.
An Indian regulator is investigating investments between Nippon India Mutual Fund, the largest foreign-owned fund in the country, and Yes Bank between 2016 and 2019 for suspected misuse of investors' money, sources said. At the time, the parent company of the mutual fund was owned by the Anil Dhirubhai Ambani Group. Yes Bank was taken over by the central bank in 2020 and sold to a consortium of banks after a dramatic rise in toxic assets.