Company Profile

YES BANK LTD.

NSE : YESBANKBSE : 532648ISIN CODE : INE528G01035Industry : Bank - PrivateHouse : Yes Bank
BSE26.75-0.25 (-0.93 % )
PREV CLOSE (Rs.) 27.00
OPEN PRICE (Rs.) 26.80
BID PRICE (QTY) 26.75 (11014 )
OFFER PRICE (QTY) 26.80 (100 )
VOLUME 1228980
TODAY'S LOW / HIGH (Rs.)26.65 27.40
52 WK LOW / HIGH (Rs.)5.55 157
NSE26.80 -0.2 (-0.74 % )
PREV CLOSE(Rs.) 27.00
OPEN PRICE (Rs.) 26.50
BID PRICE (QTY) 26.75 (162975 )
OFFER PRICE (QTY) 26.80 (5233 )
VOLUME 14655354
TODAY'S LOW / HIGH(Rs.) 26.50 27.40
52 WK LOW / HIGH (Rs.)5.65 157

Company News

Date Heading Details
16-May-2020 Yes Bank launches fixed deposit product with health cover for COVID-19 illness <div align="justify">Yes Bank has launched a fixed deposit product with a health cover for COVID-19 illness. The bank has tied up with Reliance General Insurance for the product, under which it will bear the premium cost for a cover of Rs 25,000 for new fixed deposits of over Rs 1 lakh.</div><div align="justify"><br></div><div align="justify">Under the new scheme, new fixed deposit openings of Rs 1 lakh for one year and above will get the complimentary health insurance cover apart from an interest of around 7.25 per cent.</div><div align="justify"><br></div><div align="justify">Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.<br></div>
08-May-2020 Reliance Industries, Neuland Laboratories and Eicher Motors to see some action today <p align="justify">Vista Equity Partners (Vista) will invest Rs 11,367 crore into <strong>Reliance Industries'</strong> wholly-owned subsidiary--Jio Platform. This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Vista's investment will translate into a 2.32% equity stake in Jio Platforms on a fully diluted basis, making Vista the largest investor in Jio Platforms behind Reliance Industries and Facebook. Jio Platforms has now raised Rs 60,596.37 crore from leading technology investors in less than three weeks.</p><p align="justify"><strong>Neuland Laboratories</strong> has received Establishment Inspection Report (EIR) from the United States Food and Drug Administration (USFDA) for its manufacturing facility located at Pashamylaram, Hyderabad. The facility was inspected from February 3, 2020 to February 7, 2020. The inspection has now been closed by the USFDA.</p><p align="justify"><strong>Eicher Motors</strong> and Volvo Group's joint venture (JV) -- VE Commercial Vehicles (VECV) has resumed manufacturing operations at its plants in India following relaxation of guidelines for the third phase of the lockdown by the government.&nbsp; The plants located at Pithampur, Dewas, and Baggad in Madhya Pradesh and Thane in Maharashtra have resumed lean operations after the required permissions were granted by the state government. </p><p align="justify"><strong>Persistent Systems</strong> has expanded its partnership with Dassault Systèmes. This partnership brings industrial OEMs and suppliers to the Dassault Systèmes 3DEXPERIENCE platform where clients can reduce costs, improve supplier collaboration, drive agility and gather better field insights for future product iterations and customer support.</p><p align="justify"><strong>Tata Consumer Products</strong> (TCPL) has partnered with food delivery platforms like Domino's Pizza and Zomato to strengthen its direct distribution model and ensure steady supply of its essential products. Through these partnerships, TCPL intend to safeguard people's health by giving them alternate channels to buy its food and beverage offerings. The partnerships leverage complementary strengths to ensure essential products reach the doorsteps of consumers who need them.</p><p align="justify">Having recognised a huge quantum of non-performing assets (NPAs) in the past few quarters, <strong>Yes Bank</strong> has created a dedicated stressed asset management vertical to recover and resolve such accounts that have touched Rs 50,000 crore. The bank has also appointed six merchant bankers for a proposed capital raising exercise of up to Rs 15,000 crore in which it is aiming to get new investors, including global private equity funds, into the bank.</p><p align="justify"><strong>MRF</strong> has partially resumed operations in most of its plants with restricted manpower following relaxation of lockdown guidelines by the government. Some of the stocking points have also partially resumed operations.<br></p>
08-May-2020 Yes Bank tumbles despite turing black in Q4 <p align="justify">Yes Bank is currently trading at Rs. 27.40, down by 0.75 points or 2.66% from its previous closing of Rs. 28.15 on the BSE.</p><p align="justify">The scrip opened at Rs. 28.30 and has touched a high and low of Rs. 28.70 and Rs. 27.25 respectively. So far 1371385 shares were traded on the counter.</p><p align="justify">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 174.15 on 10-May-2019 and a 52 week low of Rs. 5.55 on 06-Mar-2020.</p><p align="justify">Last one week high and low of the scrip stood at Rs. 31.60 and Rs. 25.20 respectively. The current market cap of the company is Rs. 34388.29 crore.</p><p align="justify">The promoters holding in the company stood at 8.33%, while Institutions and Non-Institutions held 29.38% and 62.29% respectively.</p><p align="justify">Yes Bank has reported net profit of Rs 2628.61 crore for the quarter ended March 31, 2020 as compared to net loss Rs 1506.64 crore for the same quarter in the previous year. Total income of the bank decreased by 30.63% at Rs 5818.59 crore for Q4FY20 as compared Rs 8388.23 crore for the corresponding quarter previous year.</p><p align="justify">On the consolidated basis, the bank has reported net profit of Rs 2665.19 crore for the quarter ended March 31, 2020 as compared to net loss of Rs 1508.44 crore for the same quarter in the previous year. Total income of the bank decreased by 30.53% at Rs 5842.40 crore for Q4FY20 as compared Rs 8410.31 crore for the corresponding quarter previous year.</p><p align="justify">For the year ended March 31, 2020, the bank has reported net loss Rs 16418.02 crore as compared to net profit of Rs 1720.27 crore for the previous year. Total income of the bank decreased by 13.76% at Rs 29508.10 crore for year under review as compared to Rs 34214.90 crore for year ended March 31, 2019.</p><p align="justify">For the year ended March 31, 2020, on the consolidated basis, the bank has reported net loss of Rs 16432.58 crore as compared to net profit of Rs 1709.27 crore for the previous year. Total income of the bank decreased by 13.72% at Rs 29593.12 crore for year under review as compared to Rs 34299.28 crore for year ended March 31, 2019.</p>
07-May-2020 Yes Bank turns black in Q4 <P align=justify>Yes Bank has reported results for the fourth quarter and year ended March 31, 2020.<P align=justify>The Bank has reported net profit of Rs 2628.61 crore for the quarter under review as compared to net loss Rs 1506.64 crore for the same quarter in the previous year. Total income of the bank decreased by 30.63% at Rs 5818.59 crore for Q4FY20 as compared Rs 8388.23 crore for the corresponding quarter previous year.<P align=justify>On the consolidated basis, the bank has reported net profit of Rs 2665.19 crore for the quarter under review as compared to net loss of Rs 1508.44 crore for the same quarter in the previous year. Total income of the bank decreased by 30.53% at Rs 5842.40 crore for Q4FY20 as compared Rs 8410.31 crore for the corresponding quarter previous year.<P align=justify>For the year ended March 31, 2020, the bank has reported net loss Rs 16418.02 crore as compared to net profit of Rs 1720.27 crore for the previous year. Total income of the bank decreased by 13.76% at Rs 29508.10 crore for year under review as compared to Rs 34214.90 crore for year ended March 31, 2019.<P align=justify>For the year ended March 31, 2020, on the consolidated basis, the bank has reported net loss of Rs 16432.58 crore as compared to net profit of Rs 1709.27 crore for the previous year. Total income of the bank decreased by 13.72% at Rs 29593.12 crore for year under review as compared to Rs 34299.28 crore for year ended March 31, 2019.
27-Mar-2020 Yes bank gets nod to raise Rs 5,000 crore <p align="justify">Yes Bank's board has approved a proposal to raise funds for an additional amount aggregating up to Rs 5,000 crore. The fund may be raised in one or more tranches by way of issuance of securities but not limited to through a qualified institutions placement/ public issue, rights issue, global depository receipts, American depository receipts, foreign currency convertible bonds or any other permissible mode. The board meeting held on March 26, 2020 has cleared this proposal.&nbsp;&nbsp; </p><p align="justify">Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.<br></p>
27-Mar-2020 NTPC, Yes Bank and Maharashtra Seamless to see some action today <p align="justify"><strong>NTPC</strong> has signed share purchase agreements to acquire the government's stakes in THDC India (THDCIL) and North Eastern Electric Power Corporation (NEEPCO) for a total of Rs 11,500 crore. NTPC has entered into share purchase agreements (SPAs) with the central government to acquire its 74.496 per cent equity stake in THDCIL for Rs 7,500 crore and its 100 percent equity in NEEPC for Rs 4,000 crore. </p><p align="justify"><strong>Yes Bank's</strong> board has approved a proposal to raise funds for an additional amount aggregating up to Rs 5,000 crore. The fund may be raised in one or more tranches by way of issuance of securities but not limited to through a qualified institutions placement/ public issue, rights issue, global depository receipts, American depository receipts, foreign currency convertible bonds or any other permissible mode. The board meeting held on March 26, 2020 has cleared this proposal.&nbsp;&nbsp; </p><p align="justify">Consequent upon receipt of requisite approval from the Seller, <strong>Maharashtra Seamless</strong> has acquired an Offshore Jack Up Drilling Rig from Star Drilling, Singapore, an associate of the company for $100 million. The said Rig is currently operating under contract with Oil and Natural Gas Corporation (ONGC).</p><p align="justify"><strong>ICICI Bank</strong> has invested Rs 51.09 crore in Auxilo Finserve, an associate company of Balrampur Chini Mills, by way of subscription to its 3,40,62,153 Equity Shares of Rs 10 face value per share, constituting 9.90% of its Equity Share Capital at a premium of Rs 5 per share, pursuant to the definitive agreements executed on March 25, 2020. Prior to the above investment, Balrampur Chini Mills held 50% of the Equity Share Capital in Auxilo Finserve, which now stands at 45.05%.</p><p align="justify"><strong>Bharti Airtel</strong> is offering free access to thousands of e-books on its platform, Juggernaut Books (formerly Airtel Books). As India stays at home to support the government's efforts to contain the spread of COVID-19, readers can now access thousands of top books and novels on Juggernaut Books for free by simply downloading the app (Android/iOS) on their smartphones.</p><p align="justify"><strong>NIIT</strong> and its subsidiary -- Eagle Productivity Solutions Inc. have developed a set of actionable roadmaps, toolkits and packaged services to help Learning and Development (L&amp;D) organizations minimize the disruption caused due to the accelerating impact of the&nbsp; COVID-19.</p><p align="justify"><strong>Bank of Maharashtra</strong> has received approval from Board of Director to raise equity capital of Rs 831 crore (including premium) through issue of equity share of bank to Government of India on preferential basis.&nbsp; <br></p>
27-Mar-2020 Yes bank touches roof on getting nod to raise Rs 5,000 crore <p align="justify">Yes Bank is locked at upper circuit limit at Rs. 31.95, up by 5.30 points or 19.89% from its previous closing of Rs. 26.65 on the BSE.</p><p align="justify">The scrip opened at Rs. 29.30 and has touched a high and low of Rs. 31.95 and Rs. 27.40 respectively. So far 538393 shares were traded on the counter.</p><p align="justify">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 285.90 on 03-Apr-2019 and a 52 week low of Rs. 5.55 on 06-Mar-2020.</p><p align="justify">Last one week high and low of the scrip stood at Rs. 49.50 and Rs. 25.25 respectively. The current market cap of the company is Rs. 33447.01 crore.</p><p align="justify">The promoters holding in the company stood at 8.33%, while Institutions and Non-Institutions held 29.38% and 62.29% respectively.</p><p align="justify">Yes Bank's board has approved a proposal to raise funds for an additional amount aggregating up to Rs 5,000 crore. The fund may be raised in one or more tranches by way of issuance of securities but not limited to through a qualified institutions placement/ public issue, rights issue, global depository receipts, American depository receipts, foreign currency convertible bonds or any other permissible mode. The board meeting held on March 26, 2020 has cleared this proposal.&nbsp;&nbsp; </p><p align="justify">Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.<br></p>
24-Mar-2020 Yes Bank planning to raise funds via various means <p>Yes Bank is planning to raise funds by issue of equity shares / depository receipts / convertible bonds / debentures / warrants / any other equity linked securities, through permissible modes including but not limited to a qualified institutions placement, rights issue, further public offer, etc., subject to such approvals, as may be required under applicable laws. A meeting of the Board of Directors of the Bank is scheduled on March 26, 2020, to consider and approve the same. </p><p>Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.<br></p>
24-Mar-2020 Glenmark, Yes Bank and Mangalam Drugs to see some action today <p align="justify"><strong>Glenmark Pharmaceuticals</strong> has entered into an agreement with Hindustan Unilever (HUL) for divestment of its VWash brand and other extensions. Under this agreement, the brand and other trademarks, copyrights, know-how associated with Glenmark's VWash business will be transferred to HUL. Glenmark will receive an upfront payment and royalty on sales for 3 years. No employees will be transferred as a part of this agreement. The transaction is expected to be completed in the next few months subject to customary approvals.</p><p align="justify"><strong>Yes Bank</strong> is planning to raise funds by issue of equity shares / depository receipts / convertible bonds / debentures / warrants / any other equity linked securities, through permissible modes including but not limited to a qualified institutions placement, rights issue, further public offer, etc., subject to such approvals, as may be required under applicable laws. A meeting of the Board of Directors of the Bank is scheduled on March 26, 2020, to consider and approve the same. </p><p align="justify"><strong>Mangalam Drugs and Organics</strong> is gearing up production of Hydroxrychloroquine Sulphate (HCQS) and Chloroquine Phosphate (CQP) APIs to meet the demand in case these APIs are approved for treatment of patients affected by Coronavirus Disease (COVID-19) by regulatory authorities and safeguard lives of affected in these challenging times. </p><p align="justify">TCS iON, a strategic unit of <strong>Tata Consultancy Services</strong> (TCS) is offering access to the TCS iON Digital Glass Room, a virtual learning platform, free of cost to educational institutes across the country, in the wake of nation-wide lockdowns of schools and colleges. Using this, educators and students can connect in a safe, secure virtual environment, moving lessons from classrooms to interactive digital glass rooms.</p><p align="justify"><strong>Gujarat Narmada Valley Fertilizers &amp; Chemicals</strong> (GNFC) has resumed TDI-II Plant operations after completion of scheduled maintenance at Dahej. </p><p align="justify"><strong>ITI's</strong> board has considered and approved allotment of 2,81,19,508 equity shares issued at Rs 56.90 to the President of India, against capital grant of Rs 160 crore received from Government of India. The Capex receipt of Rs 160 crore and allotment of equity shares is made pursuant to BIFR order dated January 8, 2013. The Board of Directors of the company in its meeting held on March 23, 2020 has considered and approved the same. </p><p align="justify"><strong>Skipper</strong> has commissioned transmission line testing station on March 23, 2020 at Howrah in West Bengal. The facility has an annual testing capacity of 1800 MT of Transmission &amp; Distribution Towers &amp; Poles. The testing station also has an in house Research &amp; Development Center which has been approved and recognized by Department of Scientific and Industrial Research (DSIR), Government of India. <br></p>
23-Mar-2020 Yes Bank trades in green on the BSE <p align="justify">Yes Bank is currently trading at Rs. 48.75, up by 2.85 points or 6.21% from its previous closing of Rs. 45.90 on the BSE.</p><p align="justify">The scrip opened at Rs. 41.35 and has touched a high and low of Rs. 49.50 and Rs. 41.35 respectively. So far 492807 shares were traded on the counter.</p><p align="justify">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 285.90 on 03-Apr-2019 and a 52 week low of Rs. 5.55 on 06-Mar-2020.</p><p align="justify">Last one week high and low of the scrip stood at Rs. 87.95 and Rs. 23.15 respectively. The current market cap of the company is Rs. 57606.67 crore.</p><p align="justify">The promoters holding in the company stood at 8.33%, while Institutions and Non-Institutions held 29.38% and 62.29% respectively.</p><p align="justify">Reserve Bank of India (RBI) has opened an emergency line of credit of around Rs 60,000 crore to Yes Bank to meet any liquidity crisis in paying back its depositors. The additional liquidity arsenal is in line with the RBI Act.</p><p align="justify">Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.<br></p>