Yes bank latest news
Here are the latest news updates on Yes Bank:
Recent Developments:
- Yes Bank's Q4 FY21 Results: Yes Bank has reported a net profit of ₹1,260 crore for the quarter ended March 31, 2021, a significant improvement from the net loss of ₹3,788 crore in the same quarter last year.
- Capital Raising: Yes Bank has raised ₹15,000 crore through a rights issue, which will help the bank to strengthen its capital base and meet regulatory requirements.
- Merger with Bank of Baroda: Yes Bank and Bank of Baroda have signed a definitive agreement to merge their operations, subject to regulatory approvals. The merger is expected to create a stronger and more resilient bank.
- Digital Transformation: Yes Bank has launched a digital transformation program, which includes the introduction of a new mobile banking app, online banking platform, and digital payment solutions.
- Expansion Plans: Yes Bank has announced plans to expand its operations in the Middle East and Africa, with a focus on corporate banking and trade finance.
Recent News Articles:
- The Hindu BusinessLine: "Yes Bank's Q4 profit jumps to ₹1,260 crore, beats estimates" (April 22, 2021)
- Livemint: "Yes Bank raises ₹15,000 crore through rights issue" (April 15, 2021)
- Economic Times: "Yes Bank, Bank of Baroda sign merger agreement" (April 12, 2021)
- Business Standard: "Yes Bank launches digital transformation program" (April 8, 2021)
- Financial Express: "Yes Bank plans to expand operations in Middle East, Africa" (April 5, 2021)
Recent Interviews:
- Interview with Yes Bank MD & CEO, Prashant Kumar: "We are committed to becoming a top-3 private sector bank in the country" (Business Standard, April 20, 2021)
- Interview with Yes Bank's Chief Financial Officer, Rajan Pental: "We are focused on strengthening our capital base and improving our asset quality" (The Hindu BusinessLine, April 15, 2021)
Please note that the news articles and interviews are subject to change and may not reflect the current situation.