share price Yes Bank Limited advanced more or less 30 percent on Thursday
morning after the private lender informed that no observation on diversion was
found by the Reserve bank of India (RBI) in its asset classification and
provisioning during 2017-18.
the RBI has rebuked Yes Bank as it was discovered gross Non Performing Assets
of Rs. 8373.8 in 2016-2017, whereas the bank had only reported Rs 2018 crore.
Yes Bank reported divergences of Rs 6355 crore in 2016-17 and in 2015-16, it has
reported divergences of Rs 4176 crore.
Thursday morning session, Yes Bank share was opened at Rs. 186.35 and the stock
hit a high of 220.25 or 30 percent high. At 11:00 am, the stock was trading at
Rs. 205.05, up 21 percent. Meanwhile, the Nifty edged lower to 10755-mark, and
the Sensex down nearly 129 points to 35904