For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Yes Bank Shares Jump 12% In Two-days

|

Shares in Yes Bank have jumped 12 per cent in two days, following comments by SBI Chairman, that the bank would not be allowed to fail.

"Yes Bank is a significant player in the market with an almost $40 billion balance sheet," State Bank of India, Chairman Rajnish Kumar told Bloomberg Television in Davos. "I have a feeling that it will not be allowed to fail," he added.

The shares of the bank added another 5 per cent, following Thursday's jump of 7 per cent. Yes Bank is the nation's fourth largest private sector bank, which is facing headwinds, due to huge non performing assets.

Yes Bank Shares Jump 12% In Two-days
 

The bank has also not been able to quickly raise capital, which it is in dire need for. There is speculation that it could be a takeover candidate, given the strong brand equity. Names that are floating around, include the likes of Kotak Mahindra Bank and even State Bank of India.

One would really need to wait and watch-out to see, how things pan out at Yes Bank.

At the moment, the stock is on a roll.

Read more about: yes bank shares
Story first published: Friday, January 24, 2020, 11:19 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more