YES Bank

Indiabulls Housing Fin raises Rs 1,000 crore from Yes Bank

Top-rated Indiabulls Housing Finance has raised Rs 1,000 crore by selling the country's first "Social Bonds" and will use the proceeds in the low-cost or affordable housing sector.  Private lender Yes Bank was the sole investor in the bonds with a five-year maturity, said a top executive confirming the matter. The securities have offered 8.12% yearly.  "The bond sale will […]

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Bad loans crisis: Yes Bank, ICICI Bank, Axis Bank under-reported NPAs

YES Bank’s FY17 annual report says while it had reported gross NPAs of `749 crore in FY16, the RBI supervision found them to be at Rs 4,926 crore Private sector lenders might have substantially under-reported their bad loans, the ensuing provisions and their impact on net profit in FY16, disclosures mandated by the Reserve Bank of India (RBI) revealed. YES […]

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Prefer IndusInd and Yes Bank to HDFC Bank: Nilesh Parikh, Edelweiss Fin

In a chat with ET Now, Nilesh Parikh, Edelweiss Financial Services, says from a banking financial space perspective, the pecking order is IndusInd and Yes Bank followed by HDFC Bank and then Axis and ICICI.  Edited excerpts:  So much is happening in banking. Talks of a merger are being denied. There is a small window of flash sale in HDFC Bank that gets over in four hours and […]

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Property as investment to lose edge due to capping of tax break proposed in Budget 2017

Borrowers claiming unlimited tax benefits on interest payment towards home loans for a rented out second property will have their tax deduction capped from 1 April 2018. While individuals today use this window to set off any loss arising from property against salary or other income, without any upper limit, they will be able claim a set off only up to […]

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