Will Yes Bank shut down?
The bank cannot be shut down nor can it be merged.
It has to be run with global and domestic support,” said the investor mentioned above.
Yes Bank will be managed and run as an independent and private sector bank by a professional board with no interference by SBI in its day-to-day affairs, Kumar said..
Who owns Yes Bank now?
State Bank of IndiaYes Bank/Parent organizations
Who is CEO of Yes Bank?
Prashant Kumar (Mar 6, 2020–)Yes Bank/CEO
Who will takeover Yes Bank?
Collectively, LIC and SBI will acquire the 49% stake for Rs 490 crore, according to a report in the Economic Times. The stake acquisition has been approved by the RBI to rescue Yes Bank. The SBI board had late on Thursday also given the (SBI) bank an “in-principle” approval to invest in the capital-starved Yes Bank.
Should I invest in Yes Bank?
Analysts say Yes Bank FPO is aptly priced at the price band of Rs 12-13 as the scope of recovery in the bank’s asset quality and earnings in the near term looks difficult because of the Covid outbreak. Investors who intend to hold the shares for over three years should subscribe to the issue.
Will Yes Bank shares go up?
With today’s 5% surge, shares of Yes Bank have gained over 18% during this week’s trading sessions. Post the Rs 15,000 crore FPO, rating agency Moody’s has upgraded Yes Bank’s long-term foreign currency issuer rating to B3 from Caa1.
Is yes bank safe now?
Deposits With Yes Bank Are Safe: RBI Governor. Days ahead of a moratorium imposed on Yes Bank Ltd. is set to be lifted, the Reserve Bank of India governor assured depositors that their money is safe and that the regulator stands ready to provide liquidity if needed.
Should I buy Yes Bank shares for long term?
Significantly, when the Market Guru gave his buy call to investors, Yes Bank share price was around Rs 12 per stock levels. … For those who were ready to take risk and go for long-term investment, Yes Bank at Rs 12 was an attractive offer and that caught my attention.”
What is future of Yes Bank?
In its prospectus, the bank said, “The minimum CET I ratio requirement will increase to 8 percent by September 30, 2020.” The fresh issue of equity shares will infuse liquidity in the bank, and also help with the loan book as its asset quality remains poor.