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Explore Now MUMBAI: The Securities Appellate Tribunal (SAT) has stayed the regulator s Rs 25 crore fine on YES Bank in the case of mis-selling of additional Tier 1 (AT1) bonds to investors. The tribunal has given Sebi four weeks to respond and has posted the matter for a final hearing on July 30. Last month, Sebi had found YES Bank and three of its employees, including its then private wealth management head, guilty of mis-selling these bonds to retail investors and had imposed a Rs 25 crore fine on the bank. The head of the wealth management was fined Rs 1 crore while two other employees were fined Rs 50 lakh each. ....
Analysts say Q4 numbers are quite telling about YES Bank health, cut price targets SECTIONS Share Synopsis Analysts said the private lender’s disclosed stressed pool remains high, even as signs of improvement become visible. Agencies Related NSE NEW DELHI: YES Bank s Rs 3,788 crore loss in March quarter, triggered by interest reversals and accelerated provisioning, did not go down well with Dalal Street, as the scrip plunged as much as 13 per cent in Monday’s trade, only to recover some ground later. Analysts said the private lender’s disclosed stressed pool remains high, even as signs of improvement become visible. They remained cautious on the incremental stress on the corporate book and pegged their price targets in the Rs 12-16 range. ....