SBI may sell shares worth Rs 5,000-7,000 crore through a block deal, with no taxes applicable to the sale, as per media reports.
Total net income of Yes Bank rose by 5.80 per cent to Rs 3,211 crore, compared to Rs 3,036 crore in the same period the previous year.
Shares of Yes Bank opened on a positive note and touched an early high of Rs 18.44 apiece on the BSE, registering a gain of 2.10 per cent over its previous close.
Yes Bank plans to raise funds in Indian or foreign currency by issuing debt securities, it said on Monday
Implementation of lockdown-like restrictions due to the second wave is likely to create a break in the normalisation process in the Yes Bank's growth process.
Sebi has imposed a fine of Rs 25 crore on Yes Bank for mis-selling AT-1 bonds in the secondary market few years ago.
Yes Bank shares hit the 5 per cent upper circuit on Wednesday after its Chairman said the bank has repaid Rs 35,000 crore to the Reserve Bank of India (RBI) of the special liquidity facility provided by the Central bank.
Yes Bank's follow-on public offer to raise Rs 15,000 crore was subscribed 93 per cent on the final day of bidding. The Follow-On Public Offer (FPO) subscription was 95 per cent after including the anchor investors' portion.
A special court in Mumbai on Friday extended the CBI custody of DHFL promoter Kapil Wadhawan and his brother Dheeraj, accused in a corruption case against former Yes Bank CEO Rana Kapoor, till May 8, officials said.
The Yes Bank rescue has undermined the confidence of depositors in private-sector lenders and will lead to smaller entities losing deposits to state-run banks, a report said on Tuesday.
Shares of Yes Bank on Friday gained sharply by 25 per cent after the board of directors of the lender approved a proposal to raise Rs 5,000 crore.
State Bank chairman Rajnish Kumar on Tuesday said the country's largest lender that owns close to 43 per cent in Yes Bank now will not sell a single share before that mandated three-year lock-in period, and that he's, in fact, keen to approach the board for hiking the holding to 49 per cent.
Yes Bank CEO-designate Prashant Kumar on Tuesday said there are absolutely no worries on the liquidity front and that complete operational normalcy would be restored from 6 pm on Wednesday.
Stocks of the crisis-hit Yes Bank have surged over 60 per cent, a day after Moody's upgraded its outlook for the bank and the Reserve Bank Governor assured that the bank's revival plan is credible bank and it may infuse more liquidity if required.
In a circular sent to all its members, the BSE said the BSE S&P Index Committee has decided to remove Yes Bank from all the S&P BSE indices with effect from this Friday, March 20.
Shares of Yes Bank on Monday jumped sharply by over 58 per cent after the union cabinet on Friday approved reconstruction scheme for the stressed lender.
IDFC First Bank on Sunday said it will make an equity investment of Rs 250 crore in beleaguered Yes Bank to acquire 25 crore equity shares.
The central government has appointed former SBI banker Prashant Kumar as the new Chief Executive Officer of the financially troubled Yes Bank.
Shares of Yes Bank continued to gain for the second consecutive session on Wednesday, rallying over 35 per cent, as investor sentiment turned positive after SBI said it will buy 49 per cent stake in the cash-strapped lender.
The Enforcement Directorate (ED) here on Monday seized former Prime Minister Rajiv Gandhi's portrait, bought by arrested Yes Bank founder Rana Kapoor from Congress General Secretary Priyanka Gandhi Vadra for Rs 2 crore in June 2010.
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