SAT upholds Sebi's fines on Rana Kapoor, two other entities Sebi, in September 2020, had imposed a fine of Rs 1 crore on Kapoor for not making disclosures regarding the Morgan Credits transaction. By not disclosing the transaction to Yes Bank's board of directors, Kapoor has created an opaque layer between him and stakeholders, Sebi had said in its order passed in September 2020. In an order passed on June 18, the tribunal said that no interference in the quantum of penalty is warranted.
Yes Bank Q1 profit quadruples as NPA additions slow Profits were helped by a 70 per cent growth in non-interest income to Rs 1056 crore up from Rs 621 crore a year ago which included fees from retail and corporate banking, forex, debt capital markets and recoveries from written-off accounts.
YES Bank Q1 results: PAT surges 355% YoY to Rs 207 cr, highest in 10 quarters The strong bottomline performance of the lender was aided by a 41 per cent on-year fall in provisions during the reported quarter.