Yes Bank Financial Results Live Update: The Bank is scheduled to announce its financial results on April 27th, stock prices soar ahead of the report

The Nifty Bank index could open for cautious trading on Monday as investors await Yes Bank's fourth-quarter results and gauge broader sector performance. Positive surprises in earnings or asset quality could provide support, while disappointing numbers could lead to a calmer approach. Eshan Kaur, senior vice president at JPMorgan, said Yes Bank's stock price could also see some volatility as fourth-quarter results and management commentary set the tone for near-term price movements.

A special CBI court in Mumbai, which granted bail to Yes Bank founder Rana Kapoor in a fraud case, will issue a “pre-trial conviction” against the banker on April 20 if he is jailed further without trial. He expressed the opinion that it is equivalent. Mr. Kapoor was released from prison on the same day. He was granted bail on Friday evening by special CBI judge MG Deshpande in the last pending case against him, which also involved Avantha Group. Mr. Kapoor was arrested by the Enforcement Directorate (ED) in March 2020 in a money laundering case. He was booked in eight cases by the ED and the Central Bureau of Investigation in connection with the fraud at Yes Bank. In an order made public on Saturday, the court has justified why the applicant, who has already been in custody for more than four years in a number of other cases, should be further detained, especially if he has been granted bail. He said he couldn't do it. In all other cases. If Mr. Kapoor continues to be detained, the judge said, “it would amount to a pre-trial conviction.”

Kotak Institutional Equities predicts YES Bank's NII as follows. INR2,105.3 million, an increase of 3.8% from the previous quarter, but a net decrease of 0.6% from the previous quarter. PPOP may come in INR888.9 million, an increase of 11.8% from the previous quarter and an increase of 8.7% from the previous year.Lenders may report net income of INRAccording to a Business Times report, sales rose 30.4% from a year ago and 14% from the previous quarter to $202.4 million.

Yes Bank will announce its quarterly results today. Yes Bank stock closed 0.73% higher. INRBSE on Friday at 26:15.

Yes Bank is scheduled to release its earnings report for the fourth quarter ended March 31, 2024 on April 27, 2024.