4 stories mentioning NSE:YESBANKUpdated 8d ago
Every FINWIRES story that references NSE:YESBANK, newest first.
Yes Bank (NSE:YESBANK, BOM:532648) has an average rating of underweight and mean price target of 21.83 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Sumitomo Mitsui Financial Group (TYO:8316) is reviewing its India operations to streamline its presence and may shift most business through Yes Bank (BOM:532648, NSE:YESBANK), Bloomberg News reported Friday, citing people with knowledge of the matter.The Japanese lender, amid regulatory shifts, may raise its stake in Yes Bank from 25%, the report said.Raising its stake past 26% would force a mandatory open offer for Yes Bank, though discussions remain preliminary and no final decisions have been made, the publication said.Sumitomo Mitsui Financial and Yes Bank did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Indian banks have raised interest rates on foreign currency non-resident bank deposits following recent regulatory changes by the Reserve Bank of India to attract overseas capital, Bloomberg reported on Wednesday.According to the report, Yes Bank (NSE:YESBANK, BOM:532648) and AU Small Finance Bank (NSE:AUBANK, BOM:540611) are offering rates of up to 7.1% to non-residents on five-year deposits.State Bank of India (NSE:SBIN, BOM:500112) and HDFC Bank (NSE:HDFCBANK, BOM:500180) are offering as much as 6% for the same tenure.The move follows measures announced by the central bank last week that give banks greater flexibility to offer higher rates on foreign-currency deposits as policymakers seek to attract foreign inflows and support the rupee, Bloomberg said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Yes Bank's (NSE:YESBANK, BOM:532648) consolidated net profit grew to 10.8 billion Indian rupees in the fiscal fourth quarter ended March 31 from 7.45 billion rupees a year ago.Earnings per share came in at 0.34 rupees, up from 0.24 rupees a year earlier, the bank said in a Saturday filing to the Indian stock exchanges.Interest earned by the lender in fiscal Q4 edged up to 76.6 billion rupees from 76.2 billion rupees a year ago.
