Who Will Takeover Yes Bank?

Can we invest in Yes Bank now?

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..

Who is CEO of Yes Bank?

Prashant Kumar (Mar 6, 2020–)Yes Bank/CEO

Why Kotak Bank is falling?

Shares of private sector Kotak Mahindra Bank fell sharply in intra-day trade on BSE, after the lender spoke about concerns over lower recovery due to the three month moratorium and chances of default in an investor call. … Kotak Mahindra Bank is the fourth largest private sector lender in the country.

What is going on with Yes Bank?

India’s fifth largest private bank has effectively been taken over by the state. On Thursday, the Reserve Bank of India, which regulates banking, put Yes Bank under a moratorium. It suspended its board, installed a new Chief Executive Officer and indicated that there was a path forward.

Will SBI take over Yes Bank?

Shares of State Bank of India (SBI) plunged about 11 per cent in the opening tick on Friday amid the buzz that it may acquire controlling stake in YES Bank, along with Life Insurance Corporation (LIC). … ET NOW citing sources reported that the two state-run firms will acquire the stake for Rs 490 crore.

Will Yes bank survive?

After the June quarter result that showed the bank trimming its losses and a Rs 15,000 crore follow-on public offer (FPO), banking analysts have inferred that the bank has survived the most critical phase of its life. “The bank is out of an existential crisis. The capital raised is enough to survive for now.

Which is best private bank?

So here is the list of top private banks in India and also the best Private banks in India.HDFC Bank. HDFC Bank is the Largest Private Banks in India by Total sales during the Year. … ICICI Bank. … Axis Bank Ltd. … Kotak Mahindra Bank Ltd. … IndusInd Bank Ltd. … Yes Bank Ltd. … Federal Bank Ltd. … IDFC First Bank Ltd.More items…•

What is the position of Yes Bank?

Yes Bank Limited is an Indian Private Sector Bank headquartered in Mumbai, India and was founded by Rana Kapoor and Ashok Kapur in 2004. It offers wide range of banking and financial products for corporate and retail customers through retail banking and asset management services.

Which is the safest bank in India?

List of Best, Safe Banks in India1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. … 2) State Bank of India. … 3) ICICI Bank. … 4) AXIS Bank. … 7) Kotak Mahindra Bank, IndusInd Bank.

Will Kotak takeover Yes Bank?

Kotak Mahindra Bank Best Suited To Acquire Yes Bank: SBI, Axis Bank Chiefs. Two of India’s top bankers on Tuesday said that Kotak Mahindra Bank Ltd. is best suited to acquire smaller and capital-starved rival Yes Bank Ltd.

Who owns Yes Bank now?

State Bank of IndiaYes Bank/Parent organizations

Is money safe in Yes Bank?

Your money with Yes Bank is absolutely safe, Shaktikanta Das tells depositors. Mumbai: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday assured all depositors of Yes Bank Ltd that their money is safe and there is no reason to withdraw cash in panic.

Will Yes Bank rise again?

And with RBI’s liquidity assurance, Yes Bank stocks surged again. Yes Bank CEO-designate Prashant Kumar had earlier announced that there are no worries on the liquidity front at the moment and services will be restored from 6 pm today.

Is Yes Bank getting merged?

MUMBAI (Reuters) – India’s Yes Bank (YESB. NS) will not be merged with State Bank of India (SBI. … The Reserve Bank of India (RBI) on Thursday took control of Yes Bank, after the lender – which is laden with bad debts – failed to raise the capital it needs to stay above mandated regulatory requirements.

Is Kotak bank in trouble?

Days after the collapse of Yes Bank, at least three of its peers, including Kotak Mahindra Bank (KMB), on Wednesday asserted about their strong capital position and allayed depositors’ fears. … Yes Bank had to be put under moratorium due to its inability to raise capital even as the buffers were depleting.

Can Yes bank fail?

“YES Bank is a significant player in the market with an almost $40 billion balance sheet,” SBI Chairman Rajnish Kumar said in Davos. “I have a feeling that it will not be allowed to fail,” Kumar had added.