YES Bank shares skid over 3% amid block deal buzz
Carlyle Group, which currently holds 8.74% shares in YES Bank, is reportedly looking to sell 2% stake via a block deal today.
Carlyle Group, which currently holds 8.74% shares in YES Bank, is reportedly looking to sell 2% stake via a block deal today.
The shares of YES Bank have risen in the six out of the last seven sessions and climbed nearly 19% during this period.
Paytm shares have tumbled 51% from ₹761 at the close of trade on January 31, 2023, after the RBI action against PPBL.
Axis Bank, HDFC Bank, State Bank of India and YES Bank will act as payment system provider (PSP) banks to Paytm parent One97 Communications
Private bank to acquire 9.50% stake in Axis Bank, Suryoday Small Finance Bank, ICICI Bank, Bandhan Bank, Yes Bank, and IndusInd Bank
The Q3 profit grew multi-fold from ₹51 crore in the year ago period, aided by sharp decline in provisions, credit growth, and higher income.
The private lender is seeking buyers for its ₹4,233 crore distressed loan, which comprises corporate loan portfolio of ₹3,091 crore and retail portfolio of ₹1,142 crore.
Sequentially, the company’s profit declined by 34.3% as against ₹343 crore in the June quarter of FY24.
In the Q1 of FY24, the bank's total income stood at ₹7,584.3 crore, witnessing a growth of 29.7% year-on-year, as against ₹5,876 crore in the same period of the corresponding year.
ZEEL’s former chairman Subhash Chandra and his son and MD & CEO Punit Goenka have been barred from holding directorial, key managerial roles in any listed company or its subsidiaries.