- Yes bank going through the financial crisis is trying to raise capital
- Stocks fell 80% last year due to uncertainties
SBI Chairman Rajnish Kumar has said that Yes Bank will not fail. It is an important bank with a balance sheet of about $ 40 billion (2.85 lakh crore rupees). Its failure will not be good for the Indian economy.
SBI Chairman Rajnish Kumar has said that Yes Bank will not fail
I am sure some solution will come out. Rajnish Kumar, who reached the ongoing World Economic Forum in Davos.
This statement was given last month
He said this when media reports were speculating that the government could ask SBI to save Yes Bank, which was going through an economic crisis. Last month, Rajneesh Kumar said that SBI will do nothing for Yes Bank.
Rajnish Kumar, who arrived at the ongoing World Economic Forum (WEF) in Davos, said this in an interview with Bloomberg TV on Wednesday.
Yes Bank’s stock has fallen 80 percent in the last one year. It declined due to asset quality and capital raising efforts. Yes Bank is trying to increase the equity capital ratio.
The government may forward SBI to revive Yes Bank: report
Prior to Rajneesh Kumar’s statement, media reports were also speculating that the government might ask SBI to save Yes Bank, which is going through an economic crisis. However, last month Rajneesh Kumar said that there is no question that SBI will do anything for Yes Bank.
Yes Bank shares up 6%
Yes Bank stock saw a 6% gain on Thursday. The stock fell to Rs 41.35 on the BSE. However, YES Bank shares fell 80% last year due to uncertainties over asset quality and capital raising efforts. The bank is trying to increase its equity capital ratio so that it remains above the minimum regulatory requirements of 8%.
No need to pay attention to unfounded news
Yes Bank had said in a statement, ‘The overall capital adequacy ratio of the bank is above the regulatory requirements and all efforts are being made to strengthen the financial health of the bank. Therefore, there is no need to pay attention to such baseless news.
Yes Bank’s independent director resigned
Recently Uttam Aggarwal, an independent director at Yes Bank, resigned from the board citing concerns related to corporate governance, which was also chairman of the board’s audit committee.
