YES Bank climbs 2%, extends gains three days in a row

NEW DELHI: YES Bank shares continued to rise for the third consecutive session on Tuesday as the stock climbed over 2 per cent in morning trade.

The news of TS Vijayan's inclusion to its board of directors seems to have augured well for the company which was hit by a series of resignations.

The bank in a BSE filing on Monday said that the board of directors had approved Vijayan’s appointment as an independent additional director of the bank for five years.


This happened after at least three directors resigned from Yes Bank in the past few weeks, including its chairman Ashok Chawla.

Vijayan is also in the panel that is looking to hire a successor to chief executive Rana Kapoor.

Shares of the company traded 1.49 per cent up at Rs 180.65 at 9:50 am on BSE. The benchmark Sensex was 0.30 per cent down at 36,132 at that time.