CURRENT AFFAIRS

Detailed explanation-1: -MUMBAI: Private sector lender Bandhan Bank on Saturday said it will invest ₹300 crore in Yes Bank under the bank’s reconstruction scheme, taking the total investment proposal to ₹10, 650 crore.

Detailed explanation-2: -View 32 reports from 10 analysts offering long term price targets for Bandhan Bank Ltd.. Bandhan Bank Ltd. has an average target of 320.56. The consensus estimate represents an upside of 29.08% from the last price of 248.35.

Detailed explanation-3: -Latest Debt to Equity Ratio with value of 1.15 is Greater than Average Debt to Equity of 0.664 in last five years.

Detailed explanation-4: -Its Q3 business update are also strong and it has managed to improved its loans and advances figures during October to December 2022 quarter. Ravi Singhal said that any dip in Yes Bank shares should be seen as buying opportunity till it is trading above ₹17 apiece levels.

Detailed explanation-5: -Speaking to TOI, Yes Bank MD & CEO Prashant Kumar said that the $1.1-billion capital infusion is meant for growth, but it is also a reflection of the confidence marquee investors have in the bank. “SBI’s current holding has come down to 26.1% and, after the conversion of the warrants, it will come down to 24%.