‘Rajesh Sud and Rajat Monga in race to head YES Bank’The central bank had cut short the term of CEO Rana Kapoor without specifying any reasons.
Kapoor vs Kapur: No truce talks between Yes Bank promotersThe Madhu Kapur camp had recently asked for Rana Kapoor to step down as MD & CEO with immediate effect.
Work on succession plan at Yes Bank already under way: Rajat Monga, senior group presidentThe succession at Yes Bank will find its logical conclusion and the process has already started, says Rajat Monga, senior group president, ...
Yes Bank wants to become a technology firm, rejigs senior mgmtThe announcement comes amid intense speculation globally over the future of banking, if it will continue to be the same or if there will be...
Yes Bank to look at capital raising in current calendar year: Rajat Monga, CFO"The NII was supported by decent loan growth which backed it up. Loan growth for the quarter was 27% on a year-on-year basis. Deposit growt...
Will see more growth in second half of the year as lending picks up: Rajat Monga, Yes Bank"There is an element of seasonality in both consumption and production in the country and growth follows that trajectory as well."
Yes Bank net up 28 per cent; rise in provisions tooYes Bank has reported a 28 per cent jump in net profit for the quarter to June despite a sharp rise in provisioning for bad loans.
Have taken enabling resolution to raise capital worth $1bn: Rajat Monga, YES BankOur desire is to become a relevant and meaningful large bank for the Indian customers, Indian depositors and borrowers in the Indian bankin...
Seen overall reduction in NPAs in current quarter: Rajat Monga, Yes Bank"We have recovered about Rs 70 crore of NPAs. This also includes write offs and any sale of NPA. This has resulted in a final reduction in ...
See better credit growth going forward: Rajat Monga, Yes Bank"Going forward we see better credit growth. We also have seasonality in the lending business in our country."
Don’t expect any RBI action on CRR or repo rate next week: Rajat Monga, Yes Bank"RBI action is still being absorbed by the markets. "
Expect CASA ratio to improve further from 19% levels: Rajat Monga, Yes BankThe composite effect of volume growth as well as the value growth through margins has helped the improvement in NII to top 40% .
- Looking at improving margins to 3.5% in next 3 years: Rajat Monga, Yes Bank
" We are expecting the RBI to cut 25 bps in the coming policy on the repo rate. It should transcend into lower deposit pricing ."
- Expect interest rates to go down towards fiscal-end: Rajat Monga, Yes Bank
"A lowering of interest rates by RBI can possibly precipitate base rate cuts very quickly in the aftermath of the credit policy, possibly a...
- Expect a rate cut in April policy: Rajat Monga, Yes Bank
In fact, the CRR cut in our judgment has only replenished the liquidity we have lost to RBI on account of the recent intervention in the do...
- Yes Bank plans $ 150-200-mn QIP, eyes new businesses
Private sector Yes Bank plans to raise $ 150-200-million through a Qualified Institutional Placement (QIP) before end-this fiscal, a senior...
- Yes Bank rethink on diversifications, to focus on core banking
Yes Bank is reconsidering some of its diversification plans such as launching an asset reconstruction company and will instead focus strong...