Market Headstart: Nifty likely to open flat; Hero MotoCorp, Yes Bank among top buy ideas Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, with 0.09 percent gain or 10 points. Nifty futures were trading around 11,081-level on the Singaporean Exchange.
Capital raised via QIP will be used for the growth of Yes Bank, says CEO Ravneet Gill When asked why the bank hired a new CFO, he said, “In some ways. directionally, we are changing the banks in terms of mix revenues, costs structures and future strategy and we needed somebody to come in and execute that strategy."
Asset quality woes may dampen investor appetite for public sector banks While Yes Bank fund raising may have helped in restoring confidence in the banking sector to some extent, the story may vary for other lenders, especially state-run banks.