Friday, March 13, 2020

Yes Bank jumps on the bourses

Yes Bank is currently trading at Rs. 26.50, up by 1.45 points or 5.79% from its previous closing of Rs. 25.05 on the BSE.

The scrip opened at Rs. 22.55 and has touched a high and low of Rs. 27.55 and Rs. 21.30 respectively. So far 9119652 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 285.90 on 03-Apr-2019 and a 52 week low of Rs. 5.55 on 06-Mar-2020.

Last one week high and low of the scrip stood at Rs. 29.45 and Rs. 16.20 respectively. The current market cap of the company is Rs. 5776.82 crore.


The promoters holding in the company stood at 8.33%, while Institutions and Non-Institutions held 29.38% and 62.29% respectively.

Yes Bank has enabled inward Immediate Payment Service (IMPS) and National Electronic Funds Transfer (NEFT) services. People can now use other bank accounts to send payments towards Yes Bank credit card dues and loan obligations through IMPS and NEFT.

The development comes as the Reserve Bank of India (RBI) superseded Yes Bank's board and put a withdrawal cap of Rs 50,000 from its accounts with few exceptions. Last week, the central bank suspended the board of directors at India's fourth-largest private bank and imposed the withdrawal limit on account holders till April 3 citing its poor financial health due to bad loans.

Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management

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