Ravneet Gill News
Yes Bank: ED steps up heat, probes former MD and CEO Ravneet Gill
Gill was quizzed for several hours over the ongoing crisis at the crisis-ridden lender
1 min read10 Mar 2020A boat with many holes, Yes Bank needs rescue from a steady ship
Yes Bank’s efforts to raise capital in vain; may slip below regulatory minimum soon, warn analystsReserve bank is said to be exploring a possible rescue plan in case Yes Bank fails to raise capital
2 min read2 Mar 2020Yes Bank CEO taps his ’mentor’ to raise $2 bn funds
Yes Bank has picked Cantor Fitzgerald, IDFC Securities. and Ambit Pvt to help it raise $2 bnCantor Fitzgerald is led by Anshu Jain, the former co-CEO of Deutsche Bank until 2015, while Ravneet Gill headed the German bank’s Indian operations before he joined Yes Bank last year as CEO
1 min read5 Feb 2020Erwin Singh Braich: The puzzling Canadian behind a bid to save Yes Bank
Yes Bank desperately needs the cash injection to replenish its core equity capitalBraich says he has the money for the investment and has provided documentation to Yes Bank’s CEO Ravneet Gill
6 min read10 Dec 2019Yes Bank claims of an investment offer worth $2 billion
The bank said it is in discussion with the family office of Erwin Singh Braich/SPGP Holdings and it has shown interest to invest $1.2 bn in the bankYes Bankdid not elaborate the exact structure drafted by the bank’s capital-raising committee for the $1.2 bn investment
3 min read30 Nov 2019Yes Bank, worst performing bank stock, is now seeing world’s biggest surge
Its shares have rallied about 50% after embattled founder Rana Kapoor was forced to sell his holdings in OctoberThe surge helped pare the annual loss in the Mumbai-based lender’s shares to 63%
1 min read10 Nov 2019Yes Bank says it has $3 billion worth of offers on table
Capital raising committee likely to meet next weekWhile two domestic MFs and global PE firms have made an offer of $1.5 billion, an offer from four Indian investors is about $350 million
3 min read1 Nov 2019Yes Bank appoints Anita Pai as COO, Jasneet Bachal as CMO
Pai will lead the bank’s operations and service delivery at a time when the lender is looking to raise capitalRecently, Yes Bank’s Senior Group President Rajat Monga had quit from his position
1 min read10 Oct 2019Yes Bank woos Microsoft, two other tech firms for a strategic investment
Yes Bank could sell as much as 15% through a fresh equity issuance if the talks are productiveThe ailing lender has said that it doesn’t mind if raising capital results in a large stake dilution
3 min read6 Oct 2019Exposure to Indiabulls is not a concern, says Yes Bank CEO
The capital that we are looking to raise is entirely growth capital, it is not to clean up the books, said Ravneet GillGill says the lender’s exposure to Indiabulls is down by 30%
3 min read4 Oct 2019Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared