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2 Percent Gain In Early Trade for Yes Bank Shares

Source: Deccan Herald

Yes Bank Shares: 2% Gain

YES, Bank Ltd. shares traded up 2.0 per cent in trading on Tuesday at 09:25 AM (IST).

Source: Bloomberg Quint

On the exchange, about 2316028 shares changed hands. In the session to date, the market opened at Rs 12.3. It reached an intraday high and low of Rs 12.41 and Rs 12.22, respectively.
A 52-week high of Rs 178.0 a 52-week low of Rs 5.65 was quoted for the stock.

Following the bank’s equity capital raise of Rs 15,000 crore, Moody’s Investors Service has upgraded YES Bank‘s long-term foreign-currency issuer status to B3 from Caa1. The outlook of the ratings of the private lender has become stable from optimistic.

The Financials Of The Bank

YES, Bank Ltd., founded in 2003, is a banking firm (with a Rs 30065.89 Crore market cap).

Source: Moneycontrol

Gross Non Performing Assets (Gross NPAs) of Rs 32702.70 Crore (.00% of total assets) and Net Non Performing Assets (Net NPAs) of Rs the Bank has declared 8157.50 Crore (.00% of total assets).

YES, Bank Ltd. Leading segments of Products / Revenue include Interest & Discount on Advances & Bills that contributed Rs 22922.64 Crore to Sales Value (77.37% of Total Sales).

The income From Investment that contributed Rs 6048.42 Crore to Sales Value (20.41% of Total Sales) and Interest that contributed Rs 256.11 Crore to Sales Value (0.86% of Total Sales) for the year ending 31st March 2020.

We know the controversies surrounding Yes Bank, and now the pick up in gains in the stock is a positive sign for the Bank.

We have been able to reduce our cost by almost 21% year on year and this traction would continue in the remaining part of the year also, saysΒ Prashant Kumar, MD & CEO, Yes Bank.

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About the author

Anjali Singh