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YES BANK RESTRUCTURING
Balance sheet trick: Decoding another manipulation, and how to spot a bad apple in your portfolio before othersThere is one line in the accounts that most investors skip because it looks routine. But behind that line can sit disputed demands, old los...
Don't buy this dip, wait for the next one, says CA Rudramurthy BVIndian markets show a strong rebound, but expert CA Rudramurthy BV advises caution on fresh buying due to unfavorable risk-reward. He sugge...
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
Macro worries cloud markets, but domestic fundamentals offer cushion: Sandip SabharwalMarket expert Sandip Sabharwal highlights that despite global headwinds like rising crude oil and currency weakness, Indian corporate funda...
Job cuts at Freshworks; Meesho, PB Fintech Q4 earningsFreshworks announced job cuts as it ramps up AI focus. This and more in today's ETtech Top 5.
India’s real estate will meet the reality of agentic AIIndia’s IT slowdown, driven by AI-driven automation and shrinking outsourcing demand, is beginning to hit real estate, mortgages, and emplo...
Don't short-change stakeholders; stay upbeat in tough times: JSW's Sajjan JindalSajjan Jindal, Business Leader of the Year, shares his four-decade journey. He built JSW with passion and bold decisions. Jindal emphasizes...
Sadbhav Lenders turn down NARCL offer, settle it out of courtSadbhav Engineering lenders have chosen an out-of-court debt restructuring. This decision bypasses an offer from NARCL. A consortium-led pl...
Yes Bank rallies 9% after SMBC inks Rs 13,483 crore deal for 20% stakeYes Bank share price: Yes Bank's shares surged 9% following Sumitomo Mitsui Banking Corp's (SMBC) definitive agreement to acquire a 20% sta...
Yes Bank restructures workforce, lays off 500 employees in cost-cutting moveWhile the layoffs have happened across several verticals ranging from wholesale to retail, the branch banking segment saw a large impact, o...
Yes Bank failure exposes India to wider credit risk: NomuraYes Bank accounts for approximately 2.3% of total bank loans & 1.6% of bank deposits domestically.
YES Bank opts for voluntary restructuring of compensationEarlier, YES Bank employees had contributed one day's salary to the PM Cares Fund.
Moody's upgrades YES Bank rating by a notch; outlook postiveEarlier in the day, YES Bank announced that seven banks led by SBI have invested Rs 10,000 crore, boosting its core capital,
YES Bank restructuring credible and sustainable, says Shaktikanta DasDas said the new board of YES Bank will assume charge on March 26, 2020.
NBFCs' challenges could intensify following Yes Bank restructuring: FitchThe Reserve Bank of India (RBI) last week seized Yes Bank after noticing a surge in withdrawals by depositors.
YES Bank equity, preference shares should be axed first before AT1: AmfiAmfi believes equity write-down should happen first, and then preference shares and only then the AT1 instruments should be written down
Interest of Yes Bank depositors will be protected: CEAIn a sudden move, the RBI yesterday capped withdrawals at Rs 50,000 per account for a month.
Investors, depositors of YES Bank need not worry: CEAChief Economic Advisor Krishnamurthy Subramanian says the RBI has put its mind together with the finance minister in coming up with the bes...
Earnings review: No slip ups this quarter, Yes Bank to set aside less money“Our asset quality is the best in class. Gross additions to NPAs were only Rs 72 crore and there have been no additions to restructured loa...
Subsidiaries could unlock value, bad loans to weigh heavy on ICICI BankAt present, restructured assets constitute 3 per cent of its total assets, which is one of the highest amongst the private banks.