ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • MSME Summit
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Service charge on food bills: Big development from Delhi HC - No stay on guidelines prohibiting hotels, restaurants
  • Fixed Depsit Interest Rate: Check latest FD rates of HDFC Bank, SBI, Kotak Mahindra Bank, PNB, ICICI Bank, BoB, IOB, Ujjivan
  • Operation Demat Daka Big Impact: 4 out of 5 victims of demat account hacking receive compensation; Anil Singhvi lauds them for t
  • Indian Railways to shut 300 ticket counters this year, to make IRCTC server robust
  • India’s first electric double-decker bus Switch EiV22 unveiled | PHOTOS
Read in App
Business News » Companies News

Rana Kapoor's last speech as Yes Bank CEO: Here is what he said

 During the announcement of Q3FY18, Kapoor spoke about the bank's performance and also laid out its long-term vision. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Rana Kapoor's last speech as Yes Bank CEO: Here is what he said
Representational Image: Photo: Official Website

Yes Bank announced the appointment of Ravneet Gill as its new CEO and MD on Thursday afternoon. While Gill will take charge of Yes Bank from March 01, this would be Rana Kapoor's last quarter as the CEO. During the announcement of Q3FY18, Kapoor spoke about the bank's performance and also laid out its long-term vision. "YES BANK has once again delivered satisfactory performance across income growth, margins, profitability and Capital accretion, despite the recognition and provision impact from a stressed Infrastructure conglomerate," he said.

"Retail Assets growth momentum continues, while growth in Corporate business segments has been rebalanced after witnessing strong market share driven growth over the last few preceding quarters," Kapoor added. He said that the bank has taken prudent proactive provisioning on its entire exposure to the stressed Infrastructure Conglomerate which is in line with expected recovery rates. 

He said that the Bank’s highly experienced and proven management team with the guidance of its Board, is well geared to successfully navigate the Bank through this leadership transition phase and also towards achieving its long term vision of “Building the Finest Quality Large Bank of the World in India by 2025”.

During Q3FY19 result, Yes Bank posted a 41.2% growth in Net Interest Income (NII) to Rs 2,666.4 crore. Whereas its NIM also stood stable at 3.3%. Meanwhile, net profit of the bank stood at Rs  1,001.8 Crores increase of 3.9% sequentially despite the above accelerated provisions.

On BSE, the share price of Yes Bank finished at Rs 213.85 per piece above Rs 16.55 or 8.39%.
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Yes BankRavneet GillRana KapoorRana Kapoor successorYes Bank Q3FY19
Written By: ZeeBiz WebTeam
Updated: Thu, Jan 24, 2019
04:31 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Dr Subhash Chandra's Interview: Essel Group Chairman reveals big plans of 1 bn Zee Digital users, 500 mn WION viewers; shares info on debt resolution, DISH TV-Yes Bank matter Dr Subhash Chandra's Interview: Essel Group Chairman reveals big plans of 1 bn Zee Digital users, 500 mn WION viewers; shares info on debt resolution, DISH TV-Yes Bank matter
Proxy advisory firm InGovern advises investors to support Dish TV 30 Dec 2021 AGM proposals Proxy advisory firm InGovern advises investors to support Dish TV 30 Dec 2021 AGM proposals
Dish TV promoter company files plea before Bombay High Court; urges stay on shares transfer till completion of hearing Dish TV promoter company files plea before Bombay High Court; urges stay on shares transfer till completion of hearing
Dish TV files fresh complaint against Yes Bank with SEBI, says acquisition rules being ignored for management control Dish TV files fresh complaint against Yes Bank with SEBI, says acquisition rules being ignored for management control
Why is Yes Bank acting against minority shareholders' interest? Why is Yes Bank acting against minority shareholders' interest?

LATEST NEWS

Apple iPhone 14 Pro Max release date set for September 7! Check expected price, specifications and more

This bank offers up to 7.5% interest rate on fixed deposits - Check latest FD rate and other details

India vs Pakistan Asia Cup 2022 Match Date: know how and where to book tickets, price, availability, all dos and don'ts

Oil at 6-month low: Petrol at breakeven, losses continue on diesel

Shipping Ministry invites feedback on revised draft Indian Ports Bill

Telecom Minister Ashwini Vaishnaw's message to telecom service provider for 5G launch - All you need to know

2022 Maruti Suzuki Alto K10 launched - Check price, booking amount, specifications and more

2022 Maruti Suzuki Alto K10 launch event: When and where to watch Live

Subhas Chandra Bose death anniversary: Remembering Netaji - India's heroic freedom fighter | Famous quotes

How is Akasa Air's financial health after Rakesh Jhunjhunwala? CEO Vinay Dube sheds light on airline's business plan

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV