YES Bank share jump over 5% in morning trade

Shares of YES Bank were trading over 5 per cent up trade on Monday after the lender informed bourses that the financial position of the bank is sound and stable.

“The financial position of YES Bank is sound and stable and its liquidity and operating performance continue to be robust,” YES Bank said in a regulatory filing.

It also clarified on the unfounded speculations about the board and management stability, asset portfolio, future growth prospects. “We strongly refute such speculations which we suspect is a deliberate and malicious attempt to create instability in the institution by undermining investor and client confidence. We have apprised the authorities of these developments,” it said.


The board meeting of the bank will be held on July 17 to consider and approve the financial results for the quarter ended June 30.

YES Bank also announced the appointment of Rajeev Uberoi as Senior Group President-Governance and Controls and Anurag Adlakha as Senior Group President & Head – Financial Management & Strategy.

The shares of the bank closed 5.56 per cent higher at Rs 93.10 on BSE.