New Delhi: Yes Bank shares traded up 2.23 percent at 09:17 am (IST) in Monday trading. About 73542 shares changed hands over the counter. The stock opened at Rs 27.75 and touched a high of Rs 28.0 and Rs 27.0 respectively in the session so far.
The stock has a 52-week high of Rs 178.0 and a 52-week low of Rs 5.65.
Incorporated in the year 2003, YES Bank Ltd. is a banking company (with a market cap of Rs 33698.02 crore).
The bank has reported a gross non-performing assets (gross NPA) of Rs 32877.59 crore (.00% of total assets) and net non-performing assets (net NPA) of Rs 8623.78 crore (.00% of total assets).
The major products / revenue segments of “Yes Bank Shares” Yes Bank Limited include interest and rebate on advances and bills, which contributed Rs 22922.64 crore to the selling price (77.37% of total sales), income from investment, which contributed to the sale price (60.41%). Contributed Rs 6048.42 to the total selling price) and interest which contributed Rs 256.11 crore to the selling price (0.86% of total sales) for the year ended 31.11-March 2019.
The promoters of the company held 1.42 percent stake in the quarter ended March 31, 2020.
Yes bank may find it difficult to recover dish promoter dues
Mumbai: Private lender Yes BankNSE 1.12% may face hurdles to the promoters of India’s largest direct-to-home (DTH) player Dish TVNSE to recover its dues. The bank acquired a 24% stake even after the 4.71% bank acquired a 24.19% stake. Loan default, sources close to the development said.
On Friday, Yes Bank announced that it had pledged Rs 44.53 crore of pledged shares of Jawahar Goel-promoted Dish TV, part of a pledge by its brother and promoter of Essel Group, Subhash Chandra.
At the close of business hours on Friday, Dish TV had a market cap of 788.06 crores, which values Yes Bank’s stake in the company at 190.6 crores. Since the beginning of the year, Dish TV’s market cap has seen a 67 percent price increase.
The loan was given to the promoters of Essel Group, who borrowed money against their shareholding in listed companies, including Dish TV. “Yes, the total exposure with Essel Group promoters of banks was Rs 3,000 crore,” an official said on condition of anonymity.
According to Yes Bank source, Dish TV shares were held as collateral when the stock stood at 73 per share, while the shares were currently trading at 4-5 per share.