Yes Bank Ltd

(YESBANK)

YES Bank Expands Branches, Shares Surge Amid Optimism - 26 Nov, 2024

YES BANK announced plans to open 100 new branches in FY26, aiming for a Net Interest Margin of 3-3.5%. Shares surged over 5% amid positive market sentiment, with a notable 7.34% increase during trading, indicating potential recovery and investor confidence.

Yes Bank Faces ₹63 Crore GST Demand - 24 Nov, 2024

Yes Bank has received a ₹63 crore GST demand for FY 2017-19 from the Maharashtra GST Department. The bank plans to appeal against the orders, believing it has strong grounds to contest. It does not expect any material impact on its financial or operational activities.

Yes Bank Partners with Vegapay for UPI Credit Solutions - 20 Nov, 2024

Yes Bank has partnered with Vegapay to launch a customizable Credit Line on UPI, aiming to enhance credit access for millions of Indians. This initiative addresses the gap in formal credit availability, leveraging UPI's extensive reach and projected growth in digital transactions.

Yes Bank Faces Stock Decline Amid Concerns - 17 Nov, 2024

Yes Bank's stock has dropped 41.5% from its 52-week high, closing at ₹19.29. The MD raised concerns about co-lending partnerships, despite a 12% increase in advances year-on-year.

Yes Bank Allocates Shares Under ESOP - 13 Nov, 2024

Yes Bank has allotted 14,86,408 equity shares under its Employee Stock Option Plan (ESOP) on November 13, 2024, increasing its paid-up share capital.

Yes Bank Reports Strong Earnings Amid Valuation Concerns - 10 Nov, 2024

Yes Bank's net income more than doubled year-over-year, with a 114.3% growth last year. However, high valuation and debt challenges persist, with a P/E ratio of 35.3x and a net debt to equity ratio of 107.5%. The bank is focusing on digital transformation and market expansion, presenting growth opportunities despite potential overvaluation risks.

YES Bank Adjusts FD Rates and Highlights Efficiency - 06 Nov, 2024

YES Bank has reduced fixed deposit interest rates by up to 25 basis points, effective November 5, 2024. CEO Prashant Kumar noted significant improvements in system efficiency, indicating better utilization of funds in the banking system.

YES Bank Faces Pressure Despite Strong Q2 Earnings - 30 Oct, 2024

YES Bank reported a significant profit increase in Q2, but shares fell due to ongoing consolidation and investor concerns about future growth. Nomura maintains a Neutral stance with a target price of Rs 17.

Yes Bank Enhances FinTech Partnerships and Transactions - 29 Oct, 2024

Yes Bank is focusing on partnerships within the FinTech ecosystem, managing a significant volume of transactions in the UK. Additionally, the bank is looking to sell Rs 635 crore of non-performing loans.

Yes Bank Shares Surge After Strong Q2 Results - 28 Oct, 2024

Yes Bank's Q2FY25 results showed a 145% increase in net profit to Rs 553 crore, with total deposits rising 18.3% YoY. The stock surged 10% following the announcement.