Walmart-owned Flipkart is the most preferred workplace in India, followed by Amazon and Oyo in the second and third places, respectively, according to a list compiled by professional social media network LinkedIn.

Internet companies dominate the top 10 spots in LinkedIn's fourth edition of the '2019 Top Companies' list for India.

Private sector lender Yes Bank Tuesday said the Reserve Bank of India has slapped a fine of Rs 1 crore on the bank for non-compliance of directions on Swift messaging software.

“The Reserve Bank of India (RBI)… has levied an aggregate penalty of Rs 10 million (Rs 1 crore) on the bank for non-compliance of regulatory directions observed during assessment of implementation of SWIFT-related operational controls,” Yes Bank said in a regulatory filing.

Ravneet Gill took charge as managing director (MD) and chief executive officer (CEO) of YES Bank on Friday for a three-year term, subject to shareholder approval.

A career banker with a long innings at Deutsche Bank, Gill comes in place of Rana Kapoor, the bank’s co-promoter and former MD and CEO.

Ratings agency Moody’s chan­ged the outlook for YES Bank from negative to stable on Wednesday, citing the ba­nk’s zero divergence report an­d stable financial performance.

Moody’s affirmed YES Bank’s foreign currency issuer rating of Ba1, the bank's foreign and local currency bank deposit ratings of Ba1/NP, foreign currency senior unsecured MTN program rating of (P)Ba1, and Baseline Credit Assessment (BCA) and adjusted BCA of ba2, along with other ratings.

Mumbai: Yes Bank Ltd. fell after India’s central bank reprimanded it for selectively revealing a “confidential" report by the regulator that led to a 30 percent surge in the lender’s shares Thursday. The regulator called the disclosure a “deliberate attempt" to mislead the public.

The Reserve Bank of India (RBI) has warned YES Bank that it might face regulatory action for allegedly violating a confidentiality clause by disclosing a nil divergence report. In a letter to the private lender, the regulator said the bank had violated regulatory guidelines in the press release where it had made this disclosure last week.

Nil divergence is not an achievement to be published and is only compliance with the extant Income Recognition and Asset Classification norms, said the RBI’s letter.

Shares of India’s major private sector lender Yes Bank surged in trade on Thursday morning after the RBI cleared the bank of divergence. Yes Bank share price gained by nearly 30% to hit the day’s high at Rs 220.25 on NSE this morning. Yes Bank said yesterday that the RBI has not found any divergence in the asset classification and provisioning done during 2017-18.

Yes Bank on Thursday appointed Ajai Kumar as interim MD & CEO with effect from February 1 this year. He has been appointed till Ravneet Gill joins office, Yes Bank said in a regulatory filing. Rana Kapoor will demit office as MD & CEO of YES BANK on January 31, 2019 upon completion of his term, the private lender said in an exchange filing.

YES Bank on Thursday reported a 6.9 per cent YoY fall in its net profit at Rs 1,001.85 crore for third quarter (October-December) of FY19. It had posted PAT of Rs 1,076.87 crore in the year-ago period. Sequentially, the figures grew 3.9 per cent.

The bank also announced Ravneet Gill as the MD and CEO w.e.f from March 1, 2019. Currently, Ravneet Gill is the CEO of Deutsche Bank India. The bank said its board will convene on January 29, 2019 to finalise the interim transition.

YES Bank, India's fourth largest private sector bank, on Saturday said it has appointed Brahm Dutt as non-executive part-time chairman to the board.

In a statement, Yes Bank said, "Vide its letter dated January 11, 2019, the Reserve Bank of India, pursuant to the provisions of the Banking Regulation Act, 1949...has approved his (Dutt's) appointment as part-time chairman of Yes Bank's board up till July 4, 2020, as Mr Dutt attains the age of 70 years."

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.