Bandhan Bank to replace YES Bank in Bank Nifty

MUMBAI: YES Bank will be excluded from Bank Nifty from March 27 and replaced by Bandhan Bank, said Index Maintenance Sub-Committee of NSE indices in a circular on Thursday. The stock is being replaced in the index on account of non-availability of futures and options contracts. Earlier this month, BSE and NSE said there will be no futures and options contracts available in Yes Bank for trading in equity derivatives segment from May 29 onwards, while existing contracts across all expiries will expire on May 28. Yes Bank will be replaced by ITC in Nifty50 Value 20 index.