YES Bank scrip on Monday gained as much as 30 per cent on early morning trade even as markets remained volatile on concerns over coronavirus.
In what seems to be a thumbs-up from the investor community to the bank’s reconstruction plan and cleaning up of its balancesheet, Yes Bank scrip was up 32.68 per cent at ₹33.90 apiece on BSE on Monday.
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YES Bank continues to breach RBI’s critical liquidity and statutory requirements
The moratorium on the private sector lender will cease at 6 pm on Wednesday.
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Financial stress, RBI actions may hit depositor confidence, says YES Bank
Beleaguered private lender’s deposits plunged by ₹71,991 crore in five months up to MarchYES Bank had on March 14 reported a standalone net loss of a whopping ₹18,560.31 crore in the third quarter of the fiscal. The bank had a net profit of ₹1,001.85 crore in the same period last fiscal.
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