Meanwhile, the BSE Sensex was up 172.11 points, or 0.65%, to 26,566.12.
On the BSE, 1.48 lakh shares were so far traded in the counter, compared with average daily volume of 3.24 lakh shares in the past one quarter. The stock had hit a high of Rs 1,166.10 and a low of Rs 1,145.60 so far during the day. The stock had hit a record high of Rs 1,450 on 7 September 2016. The stock had hit a 52-week low of Rs 632.25 on 20 January 2016. The stock had underperformed the market over the past one month till 29 November 2016, falling 10.04% compared with 5.54% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 14.44% as against Sensex's 5.41% decline.
The large-cap private sector bank has equity capital of Rs 422.75 crore. Face value per share is Rs 10.
Yes Bank announced the launch of SIMsePAY, a unique innovation that allows any account holder to do money transfers, pay utility bills and other mobile banking services, without the need for smart phones or internet.
The offering is based on a frugal sim-sleeve technology in association with Taisys Technologies, who holds global patent for the same and has implemented the same successfully in other countries including Kenya and China. The solution will cater to the large section of Indian population who remain unbanked or under banked due to lack of access to smart phones and mobile internet. This represents a large inherent market need, and hence a large scope for the solution.
The product will be offered in a phased manner. The first phase will involve collaboration with co-operative and regional rural banks. The second phase will involve direct outreach to the target segment through Yes Bank's banking correspondent network.
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