Question: Is It Safe To Continue With Yes Bank?

Who is owner of Yes Bank?

Rana KapoorRana Kapoor, Founder, Managing Director & CEO, YES BANK receives the ‘Entrepreneurial Banker of the Decade’ award from Bombay Management Association(BMA).

Should I apply Yes Bank FPO?

1760 crore in the offer. Yes Bank FPO will be raising the funds for 3 reasons….Yes Bank FPO: All details and How to Apply for Yes Bank FPO.ParticularsIPO DetailsFPO price rangeRs.12 to Rs.13Market Lot1,000 sharesMinimum order (Retail)1,000 sharesMaximum order (Retail)15,000 shares2 more rows•Sep 18, 2020

Is yes bank good for long term?

Baliga picked Yes Bank as his top stock pick with a long term view. The biggest positive for this stock happened in March 2020, when it witnessed a fixed and normal deposit worth over Rs 1 lakh cr despite the moratorium in place. Usually, after the moratorium the banks are short on deposits.

Who will takeover Yes Bank?

Collectively, LIC and SBI will acquire the 49% stake for Rs 490 crore, according to a report in the Economic Times. The stake acquisition has been approved by the RBI to rescue Yes Bank. The SBI board had late on Thursday also given the (SBI) bank an “in-principle” approval to invest in the capital-starved Yes Bank.

Where is Rana Kapoor now?

Currently Kapoor is lodged at Taloja Jail, Maharashtra. Kapoor’s bail application in the Prevention of Money Laundering case filed on the grounds that he is keeping poor health and is at the risk of contracting COVID-19, was rejected by Mumbai Court in April 2020.

Will Kotak takeover Yes Bank?

Kotak Mahindra Bank will acquire 50 crore equity shares of Yes Bank at Rs 10 per share, the bank informed the exchanges in a release on March 13.

Can SBI invest in Yes Bank?

India’s largest lender State Bank of India on Wednesday said its board has approved an investment of up to Rs 1,760 crore in the follow-on public offering (FPO) of YES Bank. … SBI is the largest holder in YES Bank with a 48.21% stake, followed by ICICI Bank at 7.95% and Axis Bank at 4.78%.

Should we invest in Yes Bank?

Investors need to be patient and hold on for a long time for better performance,” he said. … He advised investors to wait and watch the lender’s performance in the second half of the financial year. Brokerage Firm Emkay Global has a ‘sell’ rating on the YES Bank stock with a price target of Rs 9.

Will Yes Bank recover?

YES Bank’s offer to ARCs will be to recover at least 15 per cent amount i.e. Rs 5,000 crore upfront. … On October 26, 2020, the lender recorded a net profit of Rs 129.37 crore for the September quarter compared to Rs 600.08 crore loss posted for the same period last year.

Can I buy Yes Bank shares more than 100?

If you hold more than 100 shares of Yes Bank, you are locked in for 3 years. … From Monday 16th March 2020, whatever new shares you buy, you will be able to freely sell them. This 75% restriction is only on shares you held on the evening Friday, 13th March 2020 and not on new shares that you buy from now.

Will Yes Bank share rise in future?

In future, the bank is targeting to increase its share of retail and MSME advances to 60 per cent of the book by the end of the calendar year 2023 against the present level of 44 per cent.

Is Yes Bank a Nationalised bank?

Yes Bank Ltd will not be nationalised under the government’s plan to bail out the private lender with the help of State Bank of India (SBI)-led consortium that would acquire stake in the bank, sources aware of the development said.

Is Yes Bank getting merged?

State Bank of India will take a 49% stake in Yes Bank, but there will not be any merger. SBI chairman clears the air. State Bank of India (SBI) chairman Rajnish Kumar has clarified there will be no merger of Yes Bank with SBI.

Will Yes Bank survive 2020?

This eroded investors confidence further and Yes Bank continued to take a beating in the markets.” Finally, Yes Bank had to be rescued. In March 2020, SBI and seven other Indian banks took a combined 79% stake in Yes Bank.