Yes Bank Ltd (YESB.BO)
17 Apr 2014
|Market Cap (Mil.):||Rs150,466.30|
|Shares Outstanding (Mil.):||360.74|
Reuters Market Eye - Shares in Yes Bank Ltd fall as much as 6.7 percent after J.P.Morgan downgraded the stock to "underweight" from "overweight," saying absolute valuations "aren't that attractive in the context of slowing earnings."
* Shares in Yes Bank Ltd fall as much as 6.7 percent after J.P.Morgan downgraded the stock to "underweight" from "overweight," saying absolute valuations "aren't that attractive in the context of slowing earnings." * Macro headwinds, elevated credit costs and challenges in Yes Bank's retail loan business and retail deposit base were other reasons for the downgrade, the investment bank said. (email@example.com/indulal.p.thomsonreuters.com@reut ers.net)
* Yes Bank Ltd may beat consensus profit forecast for the October-December quarter when it reports results on Wednesday, Thomson Reuters StarMine's SmartEstimates shows. * StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects Yes Bank to report a profit of 3.96 billion Indian rupees ($64.31 million) for the quarter, compared with a consensus mean estimate of 3.90 billion rupees. * IndusInd Bank, a peer of the company, posted a 30 percent rise in i
* Bank uses loophole to sell capital bonds to non-bank lender
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NEW DELHI (Thomson Reuters Foundation) - India launched its first public sector bank catering for women on Tuesday, an initiative aimed at economically empowering millions of women across the country who do not have access to basic financial services such as bank accounts or loans.
Reuters Market Eye - Nestle India , Tech Mahindra Ltd and Yes Bank Ltd gain after index provider MSCI said on Thursday it would add their shares to its MSCI India index.