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Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
01 July, 2025 12:06 IST
Brickwork Ratings upgrades rating of Yes Bank
Source: IRIS | 09 Dec, 2020, 02.02PM
Rating: NAN / 5 stars.
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 Brickwork Ratings (BWR) upgrades the rating of Tier I Subordinated Perpetual Bonds (Basel II)to BWR BB+/ Stable from BWR D of Yes Bank (YBL or the bank).

“The rating upgrades factors in improvement in capitalisation ratios of the bank, strong shareholder base and experienced board members. The bank has a strong shareholder base with State Bank of India holding 30% stake as on Sept.30, 2020 and the bank has an experienced board of directors with Prashant Kumar as the managing director and chief executive officer (MD & CEO),”stated Brickwork Ratings.

The rating is however constrained by the weak asset quality, impacting the profitability and moderate resource profile of the bank. The gross non-performing assets (NPAs) and net NPAs stood at 16.9% and 4.7% respectively as on Sept.30, 2020. The ability of the bank to control slippages on account of COVID-19 related stress is a key monitorable, it said.

Shares of the bank gained Rs 1.73, or 9.98%, to trade at  Rs 19.06.  The total volume of shares traded  was  99,504,156 at the BSE (12.36 p.m., Wednesday).



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