Yes Bank Results Live Updates: Bank to post earnings on April 27, shares surge ahead of report
Yes Bank Results Live Updates: Shares of YES Bank Ltd were trading green in the trading session on April 26, in anticipation of its upcoming earnings release. The private sector bank is set to announce its results for the quarter and the financial year that concluded on March 31, 2024, on Saturday, April 27.A special CBI court in Mumbai that granted bail to Yes Bank founder Rana Kapoor in a fraud case has observed that any further incarceration without trial would amount to a "pre-trial conviction" of the banker on April 20.
Kapoor walked out of jail on Friday evening after being granted bail by special CBI Judge M G Deshpande in the last pending case against him, also involving the Avantha Group. Kapoor was arrested in March 2020 in a money laundering case by the Enforcement Directorate (ED).
He was booked in eight cases by ED and Central Bureau of Investigation related to fraud at the Yes Bank. The court, in its order that was made available on Saturday, said there is no justification as to why the applicant, who has already spent over 4 years in custody for numerous other cases, should be detained further, especially when he has been granted bail in all other cases.
Kapoor's continued detention "would amount to pre-trial conviction", the judge said.Kotak Institutional Equities predicts YES Bank's NII at ₹2,105.3 crore, up 3.8 per cent QoQ but down 0.6 per cnet QoQ. PPOP may come in at ₹888.9 crore, up 11.8 per cent QoQ and 8.7 per cent YoY.
The lender may report a net profit of ₹202.4 crore, up 30.4 per cent YoY and 14 per cent QoQ, as per Business Times Report.Yes Bank will announce its quarterly earnings today. Shares of Yes Bank closed 0.73% higher at ₹26.15 on BSE on Friday.Yes Bank will post earnings report on
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