Q3 earnings impact: Yes Bank shares shed over 12% in intra-day deals as profit drops 80%

Yes Bank's net profit in Q3 FY23 was adversely impacted due to ageing related provisions, the lender informed the stock exchanges.

Yes Bank transfers invoked shares of 7 companies to JC Flowers

The invoked equity shares held by Yes Bank aggregating to 44,53,48,990, representing 24.19 per cent of the total share capital of Dish TV India, have now been transferred to JC Flowers Asset Reconstruction Pvt Ltd, the lender said in a regulatory filing on Thursday.

Yes Bank shares crack 8% after PE majors Carlyle, Advent pick stake

The two private equity (PE) funds together would pump in about ₹8,896 crore in Yes Bank with the full conversion of warrants into equity.

Yes Bank: Carlyle, Advent pick up 9.99% stake, to pump in about ₹8,896 crore

Yes Bank has allotted a total of 369.61 crore shares of face value ₹2 each and 255.97 share warrants convertible into equity shares of face value ₹2 each on a preferential basis to CA Basque Investments, a Carlyle Group entity, and Verventa Holdings Limited, an Advent group entity, Yes Bank said in a regulatory filing.

Yes Bank at 52-week high, rises over 13% in Friday's intra-day session; here's why

<ul><li>Yes Bank has hit a new 52-week high record in today's trading session, and it has gained 65.70% from 52-week low of 12.1.</li></ul>

Yes Bank is near its one-year high; risen 31% in the last six months

Yes Bank saw a positive opening for the second consecutive day on Monday after receiving conditional approval from the RBI for US private equity firms Advent International and Carlyle Group Inc. to own up to 9.99% each in the bank. The stock increased 5% on Friday and has seen a return of 39.28% over the last one year, outpacing the Bank Nifty. Yes Bank acquired a 9.9% stake in JC Flowers ARC and plans to acquire an additional 10% subject to regulatory approvals. The bank reported a net loss in Q2FY23 due to a rise in provisions but saw a 31.7% YoY jump in core net interest income. Domestic brokerage house Nirmal Bang maintains a “sell” call on the stock with a target price of ₹14.8 per share.

Yes Bank raises interest rates on its fixed deposits. Details here

Term deposits of one year tenure will now fetch an interest rate of 6.50 percent.

Yes Bank: What should investors do post Q2 earnings? Buy, sell, or hold?

Despite a rise in the net interest income of 32% to ₹1,991 crore in Q2FY23 from ₹1,512 crore in Q2FY22, Yes Bank saw a 32% YoY decline in standalone net profit to ₹152.82 crore. The bank's provisions for bad loans and contingencies rose to ₹583 crore.

Yes Bank Q2 profit slips 32% on higher provisions; sees challenge in garnering deposits going ahead

Yes Bank, which had to undergo an unprecedented bailout because of the high quantum of bad loans and is now on the way to normalization, had reported a post-tax profit of ₹225 crore in the year-ago period.

Yes Bank to exit reconstruction scheme after lock-in ends

In March 2020, Yes Bank's financial position had seriously deteriorated, sparking contagion risk in the banking system from the then fifth largest bank in India.

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Q3 earnings impact: Yes Bank shares shed over 12% in intra-day deals as profit drops 80%

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