YES Bank reported a net loss of Rs 600 crore for the second quarter ended Septemon November 1, impacted by one-time deferred tax adjustment of Rs 709 crore due to change in corporate tax rate regime. On November 1 (Friday), the lender reported its second-biggest loss in Q2 since listing in May 2005. Rare Enterprises is a PE firm headed by Rakesh Jhunjhunwala. Q1 earnings of the lender and initiatives taken by new CEO Ravneet Gill to clean books of the bank could have been on the agenda of the meeting. YES Bank's share price stood at Rs 98.45 on BSE that day.Īfter five days, the lender said its representatives met Rare Enterprises on July 22. It had posted a net profit of Rs Rs 1,260 crore in the same quarter last year. YES Bank reported a sharp decline of 91 per cent in its net profit at Rs 113.80 crore for the first quarter ended June 30, 2019, dented by one-off impact from mark-to-market (MTM) provisions of Rs 1,109 crore. On July 17 this year, the lender announced its Q1 earnings which were below expectations. The second one is Jhunjhunwala has been keenly watching the performance of the private lender and is convinced about the bank's improving financial position. According to buzz on Dalal Street, Jhunjhunwala bought YES Bank share to offset his position in the Futures and Options market.

Yes bank share price