Yes Bank's market cap nears Rs.95000 crore mark

By :  Sachin Gupta 

Published : 08 February 2024

Yes Bank's market cap nears Rs.95000 crore mark

With a new 52-week high of Rs 32.74 on Thursday, shares of YES Bank saw a leap of over 9.75% during the trading session, commanding a total market value of over 94,000 crore. The share closed the previous trading session up more than 17%, at Rs 29.83 per share.

HDFC Bank to purchase 9.5% of  Yes Bank's paid-up share capital

The Reserve Bank of India (RBI) sent YES Bank a notification on Monday indicating that the central bank has approved HDFC Bank Ltd's purchase of up to 9.50 percent of the bank's paid-up share capital or voting rights. The RBI said that the clearance would be revoked if HDFC Bank did not get a stake within a year of the date of the RBI letter. 

Yes Bank reached the price of Rs.30

For the first time since June 2020, YES Bank crossed the Rs. 30 milestone on Wednesday. In the most recent trading session, the stock had high trading volumes, with over 161.54 crore shares moved on the NSE and over 25.91 crore shares traded on the BSE.

Yes Bank's clarification on LeRemitt

The agreement between YES Bank and the fin-tech company LeRemitt is still in its early stages and has no discernible effect on the bank's business volumes or income. The lender stated in its submission that enabling digital solution for the bank's MSME clients is within the regular course of the bank's operations.