YES BANK: Receives ₹78 Cr from Security Receipts Portfolio Trust
Ø
Significant Recovery: ₹78 crore received from a
single trust, exceeding the underlying carrying value.
Ø
Material Disclosure: Triggered SEBI's
materiality threshold, indicating notable financial relevance.
Ø
Boost to Asset Recovery: Enhances YES Bank’s
balance sheet and recovery performance.
Ø
Transparency Maintained: Disclosure aligned with
SEBI Listing Regulations; info shared on official exchange portals.
Ø
Net Impact: Positive – Strengthens recovery
profile and signals improved asset performance.
PSU BANKS: Govt to fast-track stake sale in public
sector banks.
Merchant banker
appointments near final stage.
Up to 20% stake to be
sold in 5 banks via QIP, OFS in 6 months.
Includes UCO BANK,
BANK OF MAHARASHTRA, CENTRAL BANK, PUNJAB & SIND BANK.
Proceeds to fund
banks’ own needs.
BofA FMS: Big reversal in recession odds with net 36%
saying it is unlikely
Cash level drops to
4.2% vs 4.8% in April, but not worrying low.
NDIA TRADE: Exports to US Surge 17% in May; Imports
Decline
May exports to US
rose 16.93% YoY to $8.83B, while imports fell 5.76% to $3.62B.
Apr–May exports
jumped 21.78% to $17.25B; imports grew 25.8% to $8.87B.
Govt notes minimal
impact from US steel/aluminium tariffs.
Positive – Trade
surplus widens; strong export momentum.
INTERGLOBE AVIATION:
IndiGo to launch new routes
connecting Assam cities to major hubs after talks with CM Himanta Biswa Sarma.
Jorhat–Delhi flights start from September 20, addressing
long-standing demand.
Positive –
Strengthens regional connectivity and supports domestic travel growth.
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