Yes Bank to raise upto Rs 2,500 crore in debt
The proposal to raise funds through debts will be voted on by the shareholders of the bank in its annual general meeting stated on August 18.
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The proposal to raise funds through debts will be voted on by the shareholders of the bank in its annual general meeting stated on August 18.
Top stocks to watch today are Reliance Industries, ICICI Bank, Yes Bank, Macrotech Developers, HDFC Bank.
Yes Bank’s Q4 net profit came in at Rs 202 crore against Rs 367 crore reported in the same period last year.
In a money laundering case, the Mumbai Special Prevent and Control Money Laundering Court (PMLA) granted Yes Bank founder Rana Kapoor bail.
The bank's net interest income climbed 11.7 percent year on year, from Rs 1,764 crore in Q3 FY23 to Rs 1,970.6 crore.
Today's stocks to watch include: Carlyle Group and Advent picked up a 9.99 percent stake in YES Bank, while Paytm approved a Rs 850 crore share purchase.
Amid weak global signals, the main Indian indices BSE Sensex and NSE Nifty 50 are anticipated to open down. These stocks are the ones to watch on Monday, December 12.
As Nifty Futures traded 50 points, or 0.26%, lower at 18925 on the Singapore Exchange, the SGX Nifty indicated that the domestic share market would have a negative opening.
On the F&O ban list for Wednesday are Delta Corp, RBL Bank, PVR, India Cements, and Escorts Kubota. As to the NSE, these stocks would be prohibited from trading in the F&O segment since they have exceeded 95% of the MWPL.
Interest rates on Non-Resident External Account (NRE) fixed deposits have been raised by 50 to 75 basis points (bps).
The lender's recent capital increase will be a welcome relief after attempting to raise cash for the past year.
In recent developments from the Yes Bank-DHFL Scam Case, the CBI has filed a Chargesheet against eminent Pune-based builder Avinash Bhosale and his companies.
The net NPAs dipped consequently to 5.3% of total loans compared to 5.5% in the previous quarter.
The report highlights India’s earnings growth over the next three years.
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