Yes Bank Settles ₹201 Crore Non-Performing Asset in One-Time Deal
Yes Bank has completed a one-time settlement of ₹201.00 crore related to a non-performing asset (NPA). This move is part of the bank's efforts to improve its asset quality and strengthen its financial position. The settlement could potentially impact the bank's asset quality metrics and financial statements, demonstrating Yes Bank's active approach to managing its loan portfolio.
17Jun 25
Yes Bank Secures INR 780 Million Infusion from Individual Trust
Yes Bank has received INR 780 million (78 crore) in fresh funds from an individual trust. The bank has not provided details about the trust or the specific purpose of the funds. This capital infusion could potentially strengthen Yes Bank's liquidity position and may be seen as a positive signal by market observers.
14Jun 25
Yes Bank CEO Prashant Kumar Gets 6-Month Extension from RBI
The Reserve Bank of India (RBI) has granted a six-month extension to Yes Bank's CEO Prashant Kumar, effective from October 6, 2025, until a successor is appointed. Kumar, who has led the bank since March 2020, has overseen significant improvements in deposit growth, retail advances, and asset quality. This extension provides leadership continuity for Yes Bank during a critical transformation period.
13Jun 25
Yes Bank's Credit Profile Strengthens: Moody's Upgrades Rating to Ba2
Moody's Investors Service has upgraded Yes Bank's credit rating from Ba3 to Ba2, signaling an improvement in the bank's financial health. The outlook has been revised to 'stable', indicating expected consistency in the bank's credit profile. This upgrade may enhance investor confidence, potentially lead to lower borrowing costs, and serves as an external validation of the bank's improving financial stability.
13Jun 25
RBI Extends Yes Bank CEO Prashant Kumar's Tenure by Six Months
The Reserve Bank of India has granted a six-month extension to Yes Bank's Managing Director and CEO, Prashant Kumar. His tenure is now extended until October 6, 2025, or until a successor is appointed, whichever is earlier. This decision ensures leadership continuity for the bank during a crucial period.
13Jun 25
Yes Bank CEO Prashant Kumar Gets 6-Month Extension from RBI
The Reserve Bank of India (RBI) has extended Yes Bank CEO Prashant Kumar's tenure for an additional six months, starting from October 6, 2025. The extension will last until either the six-month period ends or a new MD and CEO takes charge. This decision comes as Yes Bank prepares for a significant stake acquisition by Sumitomo Mitsui Banking Corporation (SMBC), which is set to acquire a 20% stake in the bank, pending regulatory approvals.
13Jun 25
Yes Bank CEO Prashant Kumar Secures Six-Month Extension Amid Recent Stake Sale
The Reserve Bank of India (RBI) has granted a six-month extension to Prashant Kumar as Managing Director and CEO of Yes Bank, effective from October 6, 2025. The extension will last until a new MD & CEO is appointed or for the full six-month period, whichever is earlier. This decision follows a recent stake sale by a consortium of banks to Japan's Sumitomo Mitsui Banking Corporation (SMBC), marking a significant change in Yes Bank's ownership structure.
CA Basque Investments, owned by Carlyle Group, has reduced its stake in YES Bank from 6.84% to 4.22%, losing board nomination rights. Simultaneously, YES Bank's board has approved a Rs 16,000 crore fundraising plan through equity and debt issuance. These developments could significantly impact the bank's governance structure and financial position.
04Jun 25
Yes Bank Approves ₹16,000 Crore Fundraising Plan, Including Equity and Debt
Yes Bank's board has approved a comprehensive fundraising plan totaling ₹16,000 crore. This includes raising up to ₹7,500 crore through equity issuance (capped at 10% dilution) and up to ₹8,500 crore via debt instruments. The bank will also amend its Articles of Association to support an agreement with SMBC, which is set to acquire a 20% stake in Yes Bank for ₹13,483 crore.
03Jun 25
YES BANK Board Greenlights Ambitious ₹160 Billion Fundraising Plan
YES BANK's Board of Directors has approved a comprehensive fundraising plan of up to ₹160 billion. The plan includes raising ₹75 billion through securities issuance and ₹85 billion via debt instruments. This initiative aims to strengthen the bank's capital base, manage liquidity, and support long-term growth strategies.
03Jun 25
Yes Bank Boosts Capital: Raises ₹2.86 Lakh Crore Through Employee Stock Ownership Scheme
Yes Bank has successfully raised ₹2.86 lakh crore by allotting over 18 lakh shares to employees under its Employee Stock Ownership Scheme (ESOS). This strategic move aims to strengthen the bank's capital base while aligning employee interests with the company's long-term growth objectives. The ESOS implementation is expected to enhance capital position, improve employee engagement, align stakeholder interests, and potentially boost market confidence in the bank's financial management.
03Jun 25
Yes Bank: Board Approves Rs 16,000 Crore Fundraising Plan as Carlyle Group Offloads 1.3% Stake
Yes Bank's board has approved a Rs 16,000 crore fundraising plan, including Rs 7,500 crore via equity and Rs 8,500 crore through debt securities. Simultaneously, the Carlyle Group has reduced its stake in the bank by selling 41 crore shares (1.30% stake) at Rs 21.68 per share, totaling Rs 889 crore. The sale was conducted through open market transactions via Carlyle's Mauritius-based SPV, CA Basque Investments.
Yes Bank Shares Tumble 7.5% Following Major Block Deal
Yes Bank's stock price dropped 7.5% after a block deal involving 9.40 crore shares (3% equity) valued at ₹2,022.00 crore. The transaction, likely involving a leading Private Equity firm as the seller, occurred shortly after Sumitomo Mitsui Banking Corporation acquired a 20% stake in the bank. Yes Bank's board is set to meet to consider fund-raising proposals.
03Jun 25
Yes Bank Board to Discuss Fundraising Proposals
Yes Bank is set to hold a board meeting to discuss various fundraising options, including equity shares, debt instruments, and other securities. The bank aims to strengthen its capital base and support future growth. Yes Bank has also clarified that it has no knowledge of Sumitomo Mitsui Banking Corporation seeking approval for a wholly-owned subsidiary in India or acquiring a controlling stake in the bank.
03Jun 25
YES BANK Refutes Reports of Sumitomo Mitsui Stake Acquisition Plans
YES BANK has issued a clarification regarding media reports about Sumitomo Mitsui Financial Group's alleged plans to acquire a stake in the bank. The bank stated it is 'not privy to any discussions related to the matters mentioned in the article,' effectively distancing itself from the speculation. This prompt response aligns with regulatory requirements for listed companies to address market rumors that could affect stock prices. While the initial report had sparked interest in the financial sector, YES BANK's statement advises stakeholders to rely on official communications for accurate information about potential strategic moves or ownership changes.
02Jun 25
Yes Bank to Consider Fundraising Options, SBI May Sell Stake to SMBC
Yes Bank's board will meet on June 3, 2025, to explore fundraising options including equity shares and debt securities. Simultaneously, State Bank of India (SBI) is considering selling its 23.97% stake in Yes Bank to Japan's Sumitomo Mitsui Banking Corporation (SMBC). SMBC may seek to acquire up to 51% ownership, potentially becoming the majority shareholder. These developments could lead to significant capital infusion and ownership changes for Yes Bank, subject to regulatory approvals.
28May 25
YES BANK to Hold Board Meeting on Fund Raising Plans
YES BANK has scheduled a board meeting for June 3, 2023, to consider fund-raising initiatives. While specific details about the amount and method of fund raising are not yet disclosed, the meeting could potentially lead to decisions on equity infusion, debt instruments, or strategic partnerships. This announcement has drawn attention from investors and analysts, as it may significantly impact the bank's financial strategy and future growth plans.