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MUMBAI: The Securities Appellate Tribunal (SAT) has stayed the regulator s Rs 25 crore fine on
YES Bank in the case of mis-selling of additional Tier 1 (AT1) bonds to investors. The tribunal has given Sebi four weeks to respond and has posted the matter for a final hearing on July 30.
Last month, Sebi had found YES Bank and three of its employees, including its then private wealth management head, guilty of mis-selling these bonds to retail investors and had imposed a Rs 25 crore fine on the bank. The head of the wealth management was fined Rs 1 crore while two other employees were fined Rs 50 lakh each.
Top investor Bay Tree cuts stake in Yes Bank by 28%
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Bay Tree was the largest anchor investor in Yes Bank’s $2 billion equity raising last year
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. Updated: 12 May 2021, 09:20 AM IST Bloomberg
Private equity firm Bay Tree India Holdings has sold a 2.1% stake in India’s Yes Bank, reducing its holding by 28%.
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Private equity firm Bay Tree India Holdings has sold a 2.1% stake in India’s Yes Bank, reducing its holding by 28%.
Bay Tree cut its stake in the embattled lender that was the center of India’s largest financial bailout last year, it said in a statement on Tuesday. It now holds a 5.4% stake after multiple sales in the open market between Jan. 6 to May 6.
Analysts say Q4 numbers are quite telling about YES Bank health, cut price targets
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Analysts said the private lender’s disclosed stressed pool remains high, even as signs of improvement become visible.
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NEW DELHI:
YES Bank s Rs 3,788 crore loss in March quarter, triggered by interest reversals and accelerated provisioning, did not go down well with Dalal Street, as the scrip plunged as much as 13 per cent in Monday’s trade, only to recover some ground later.
Analysts said the private lender’s disclosed stressed pool remains high, even as signs of improvement become visible. They remained cautious on the incremental stress on the corporate book and pegged their price targets in the Rs 12-16 range.
YES Bank shares gain on fund raising plan
YES Bank share price gained over 1 per cent in opening trade after the private lender said that its shareholders have approved a proposal for raising capital worth Rs 10,000 crore with the requisite majority
BusinessToday.In | March 3, 2021 | Updated 09:55 IST
YES Bank share price opened higher at Rs 16.45 against previous closing price of Rs 16.30 on the BSE
Shares of YES Bank rose over 1 per cent in opening deals on Wednesday after the private lender said that its shareholders have approved a proposal for raising capital worth Rs 10,000 crore with the requisite majority. The bank said that as many as 98.78 per cent votes in favour of the resolution to authorise the bank to raise capital through issuance of equity shares or other securities.