Rana Kapoor, founder, managing director and chief executive of YES Bank, in his early years worked in an assembly plant, as a library assistant and as a clerk to partially finance his management education at Rutgers University in the late seventies.
"The remaining three years will see the bank witnessing accelerated growth with the objectives to achieve a balance sheet size of Rs 1.5 lakh crore, deposit base of Rs 1.25 lakh crore and advances of Rs 1 lakh crore," Yes Bank Managing Director
Rabobank, the largest retail bank in the Netherlands, has sold a part of its holding in private lender Yes Bank for about $75 million, a source with direct knowledge of the deal said on Thursday.
Led by a robust growth in non-interest income, private sector lender YES Bank on Wednesday reported a 33.6 per cent jump in net profit for the quarter ended March 31, 2012, to Rs 271.8 crore.
Leading private sector lender YES Bank registered a 33% jump in net profit at Rs 272 crore for the quarter ended March 2012. In the same period a year ago the lender posted net profit of Rs 204 crore.
The corporation, a member of the World Bank Group, said this investment will be in the form of a 15-year subordinated bond. It is expected to strengthen the bank’s capital base significantly.
In spite of sustained weakness in the macro-climate with rising non-performing assets (NPAs), asset restructuring and weak credit growth outlook, few voices have been raised on the long-term (two-year) outlook for Indian banks.
Yes Bank is trading lower by 1% at Rs 362 on back of huge block deals on the National Stock Exchange (NSE). Around 16.2 million shares have changed hands on the counter on the opening deals.
Banking shares have rallied on the bourses after higher than expected cut in the cash reserve ratio by the Reserve Bank of India (RBI), that would help ease the liquidity situation in the banking system.
Banking shares are in limelight on the bourses in late noon trades on hopes of reduction in the cash reserve ratio (CRR) by the Reserve Bank of India (RBI) in its forthcoming monetary policy review.
YES Bank has approached the World Bank group member, International Finance Corpor-ation (IFC), for a $75-million loan to augment its capital base and to prepare it for Basel-III implementation.
Private sector lender YES Bank on Tuesday said its net profit for the quarter ended December 31 rose 33 per cent to Rs 254 crore from Rs 191 crore a year ago.
YES Bank, the youngest private bank in the country, today said its net profit for the quarter ended December 31, 2011 expanded 33% to Rs 254 crore from Rs 191 crore a year ago.
Yes Bank has rallied 5% to Rs 324, extending its two day's over 10% surge, after the private lender on Tuesday hiked its savings rate by a hefty 200 basis points within hours of Reserve Bank of India (RBI) deregulating savings rate.
Within hours of the Reserve Bank of India (RBI) deregulating savings rate, private lender Yes Bank today hiked its saving rate by a hefty 2% even as some leading bankers said they were not in a hurry to take a call as the liquidity position is
