- Will Yes Bank FPO have lock in period?
- Why is YES Bank share locked?
- Is it safe to keep money in Yes Bank?
- Who is the new CEO of Yes Bank?
- Is it OK to buy Yes Bank shares now?
- Can I sell Yes Bank FPO?
- Will Yes Bank revive?
- Is there any locking period for Yes Bank share?
- Is there lockin in Yes Bank?
- Can I buy more than 100 shares of Yes Bank?
- Can we invest in Yes Bank?
Will Yes Bank FPO have lock in period?
YES Bank has stated in its prospectus that the funds raised via FPO will be used for growth and expansion including enhancing its solvency, capital adequacy ratio and evolving regulatory requirements.
However, on FPO there is no lock-in period for any investor..
Why is YES Bank share locked?
The government on Saturday imposed a lock-in period of three years from the commencement of the revival scheme to the extent of 75% of an investor’s stake in the company. … The freeze was imposed to ensure that the shares of the bank don’t tank after the depositor moratorium is lifted.
Is it safe to keep money 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.
Who is the new CEO of Yes Bank?
Prashant Kumar (Mar 6, 2020–)Yes Bank/CEOYES Bank on Monday said it has approved reconstitution of its board with Prashant Kumar as the new MD & CEO. Kumar, former chief financial officer and deputy managing director of State Bank of India, is currently overseeing the troubled private sector lender as RBI-appointed administrator.
Is it OK to buy Yes Bank shares now?
Yes definitely one should start buying yes bank shares. As per the new revival plan of yes bank many of the most reputed banks has invested in it and taking up the stock prices to 80 biggest gain since last 6 months.
Can I sell Yes Bank FPO?
“The smarter traders or investors have already done the reverse deal by selling Yes Bank in the last few days to buy it back in the FPO,” said Baliga. The FPO will help the lender meet its capital requirements for the next two years. In March, the government had approved a rescue plan for Yes Bank backed by SBI.
Will Yes Bank revive?
Last week, the Reserve Bank of India submitted a draft scheme to revive crippled private sector lender. Under the central bank’s revival scheme, SBI will have to buy 49% of Yes Bank and cannot reduce its holding below 26% before for the next three years. Other investors also being invited to revive Yes Bank.
Is there any locking period for Yes Bank share?
The final reconstruction scheme for Yes Bank notified by the government on 13 March has locked in existing shareholders for a period of three years up to 75% of their shareholding. Only those shareholders who have less than 100 shares in the bank, can sell their entire shareholding.
Is there lockin in Yes Bank?
Yes Bank: Lock-in Applicable to Buyers, Who Purchased Shares before Reconstruction Scheme.
Can I buy more than 100 shares of Yes Bank?
If you hold more than 100 shares of Yes Bank, you are locked in for 3 years. … From Monday 16th March 2020, whatever new shares you buy, you will be able to freely sell them. This 75% restriction is only on shares you held on the evening Friday, 13th March 2020 and not on new shares that you buy from now.
Can we invest in Yes Bank?
Well the current scenario of yes bank looks bit complicated due to RBI imposed restrictions. Currently you cannot sell more than 25% of stocks they purchase. … Still i feel this is the right time to invest in YES BANK stocks as most of the banks has invested their money as a part of revival program by RBI and Government.