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Yes Bank surges as CRISIL upgrades banks certificates of deposit from ‘A2’ to ‘A2+’

  • bitnet infotech
  • August 28, 2020
  • 7:06 am

Yes Bank is currently trading at Rs. 15.07, up by 0.36 points or 2.45% from its previous closing of Rs. 14.71 on the BSE.

The scrip opened at Rs. 15.12 and has touched a high and low of Rs. 15.41 and Rs. 14.91 respectively. So far 27120192 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 87.95 on 18-Mar-2020 and a 52 week low of Rs. 5.55 on 06-Mar-2020.

Last one week high and low of the scrip stood at Rs. 15.46 and Rs. 14.36 respectively. The current market cap of the company is Rs. 37782.80 crore.

The Institutions holding in the company stood at 70.77% and Non-Institutions held 29.23%.

Credit rating agency — CRISIL has upgraded its rating on the Rs 20,000 crore certificates of deposit (CD) of Yes Bank to ‘A2+’ from ‘A2’. It has reaffirmed its ‘BBB/Stable’ rating on the bank’s Tier-II bonds (under Basel III) and infrastructure bonds. The upgrade in the short term rating reflects improvement in the funding and liquidity profile of the bank, with gradual increase in its deposit base as well as sizeable capital raised recently.

Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.

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