Yes Bank Ltd. announced that Moody’s Investors Service has reaffirmed various ratings for the bank, including its Long-Term Foreign Currency Issuer Rating of Ba1 with a Stable outlook, Long-term (Local and Foreign Currency) Deposit Rating of Ba1 with a Stable outlook, Baseline Credit Assessment (BCA) of Ba2, Senior Unsecured (Foreign Currency) Medium-Term Note Program of (P)Ba 1, Long-term (LT) foreign currency (FC) bank deposit ratings of Ba1 with a Stable outlook, Long-term (LT) FC issuer rating of Ba1, Long-term (LT) FC and LC Counterparty Risk Ratings (CRR) of Ba1, Long-term (LT) Counterparty Risk (CR) Assessment of Ba1(cr), Senior unsecured medium-term note program rating of (P)Ba1, Short-term (ST) FC and LC bank deposit ratings of NP, Short-term (ST) FC and LC CRR of NP, Short-term (ST) CR Assessment of NP(cr), LT Counterparty Risk Ratings of Ba1, Senior unsecured medium-term note program of (P)Ba1, Short-term (ST) FC bank deposit ratings of NP, Short-term (ST) LC bank deposit ratings of NP, Short-term (ST) FC CRR of NP, Short-term (ST) LC CRR of NP, Short-term (ST) CR Assessment of Ba1(cr), LT FC CRR of Ba1, LT CR Assessment of Ba1(cr), and BCA of ba2, which reflects a decline in core capital, unseasoned asset risk, and modest funding; Moody’s also noted potential for upgrades if the BCA is upgraded by more than one notch or if there is a higher level of affiliate support from SMBC or government support, and separately announced the reinstatement of its AT1 Securities following a Supreme Court decision upholding the Bombay High Court’s ruling regarding the write-down, clarifying that the legal process was not followed.
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Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
Do not share your Login Credentials or Passwords with anybody
BOBCaps employees / representatives never ask for your password.
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
In our continuous effort to keep you safeguard from the market related frauds and increase awareness while conducting trades, we request you to go through the Press Release issued by the NSE and would request you to ensure that you do not engage with the individuals and entities mentioned below: