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Business Standard
7 days ago
- Business
- Business Standard
YES Bank jumps 6% in weak market; board to discuss fundraising on June 3
YES Bank shares jumped 6.4 per cent in trade on Monday, June 2, 2025, logging a day's high at ₹22.86 per share on BSE. The stock extended rally for the third consecutive session and rose nearly 7 per cent. In the past one year, YES Bank shares have gained 9 per cent as compared to Sensex's rise of around 7 per cent. At 10:37 AM, YES Bank share price was up 5.7 per cent at ₹22.58 per share on the BSE. In comparison, the BSE Sensex was down 0.64 per cent at 80,929.25. The market capitalisation of the company stood at ₹70,812.77 crore. The 52-week high of the stock was at ₹27.41 per share and 52-week low of the stock was at ₹16.02 per share. YES Bank fundraising The board of YES Bank will meet on Tuesday, June 3, 2025, to consider raising funds. "In accordance with Regulation 29(1) and Regulation 50(1) and other applicable provisions of the Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), this is to inform that the meeting of the Board of Directors of YES Bank Limited ('the Bank') is scheduled to be held on Tuesday, June 03, 2025, inter alia, to consider raising of funds by way of issuance of equity shares, debt securities and/or any other eligible securities (convertible/non-convertible) through permissible modes, including but not limited to a private placement, preferential issue or any other method or combination of methods, subject to such approvals as may be required," the filing read. YES Bank to boost retail book In an interview with Business Standard, Rajan Pental, executive director, YES Bank, said that the bank can grow its retail book by 30 per cent if it desires because the platforms are ready, but they want to do it in a regimented way. The bank is also shifting its focus from low-yielding secured retail products to medium-yielding ones while ensuring that its high-yielding unsecured retail portfolio does not exceed 25 per cent of the overall retail book as the bank views anything beyond 25 per cent unsecured book to be 'risky'. About YES Bank YES BANK is a commercial bank headquartered in Mumbai, that offers a wide array of products, services, and digital solutions, catering to Retail, MSME, and Corporate clients.
Mint
24-04-2025
- Business
- Mint
SBI declares board meeting date to announce Q4 results 2025, may consider dividend. Details here
India's biggest lender, the State Bank of India, has announced the board meeting date to declare financial results for the quarter and year ended on March 31, 2025. 'In compliance with Regulation 29 (1) (a), Regulation 50 (1) and other applicable provisions of the SEBI (LODR) Regulations, 2015, we advise that a meeting of the Central Board of the Bank will be held on Saturday, 3rd May 2025 at Mumbai, inter-alia, to consider the financial results of the Bank for the quarter and year ended 31.03.2025,' SBI said in an exchange filing on Thursday, April 24, 2025. The bank may also consider the declaration of dividend, if any, for the financial year ended March 31, 2025. 'The Central Board of the Bank may also consider declaration of dividend, if any, for the FY 2024-25,' SBI informed. State Bank of India (SBI) is estimated to report a 10% year-on-year decrease in net profit for Q4FY25. Net interest income is expected to rise 2.6% year-on-year. Meanwhile, margins may contract marginally sequentially. Advances and deposit growth are expected to remain ahead of industry trends, as Mint reported on April 15, 2025. Credit costs may normalise, with a little improvement in asset quality. SBI's board meeting announcement for the declaration of financial results comes after major banks such as HDFC Bank, Yes Bank , ICICI Bank have announced their earnings. HDFC Bank announced its January-March quarter results for Q4FY25 on Saturday, April 19, posting a rise of 6.7 per cent in standalone net profit at ₹ 17,616 crore from ₹ 16,521.9 crore in the corresponding period last year. NII rose 10.3 per cent to ₹ 32,066 crore in Q4FY25 compared to ₹ 29.076.8 crore in the year-ago period. Yes Bank Limited recorded a 63 per cent jump in the net profits to ₹ 738 crore for Q4FY25, compared to ₹ 452 crore in the same period a year ago. NII rose 5.7 per cent to ₹ 2,276 crore in Q4FY25, from ₹ 2,153 crore in the same period a year ago. ICICI Bank recorded an 18 per cent rise in net profits to ₹ 12,629.58 crore in Q4FY25, compared to ₹ 10,707,53 crore in the same quarter of the previous year. NII rose 11.8 per cent to ₹ 42,430.80 crore, compared to ₹ 37,948.36 crore in the same period of the previous fiscal year.
Mint
24-04-2025
- Business
- Mint
SBI declares board meeting date to announce Q4 results 2025. Details here
The State Bank of India has declared the board meeting date to declare Q4 results 2025. 'In compliance with Regulation 29 (1) (a), Regulation 50 (1) and other applicable provisions of the SEBI (LODR) Regulations, 2015, we advise that a meeting of the Central Board of the Bank will be held on Saturday, 3rd May 2025 at Mumbai, inter-alia, to consider the financial results of the Bank for the quarter and year ended 31.03.2025,' SBI said. First Published: 24 Apr 2025, 12:13 PM IST
