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Yes Bank gains on implementing multi-nodal Blockchain solution

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rose 1.68% to Rs 1,163.30 at 15:10 on after the said it has implemented a multi-nodal Blockchain to fully digitize vendor financing for

The announcement was made during market hours today, 3 January 2017.

Meanwhile, the S&P Sensex was up 45.06 points or 0.17% at 26,640.51.

On the BSE, 1.42 lakh shares were traded on the counter so far as against the average daily volumes of 2.29 lakh shares in the past one quarter. The stock had hit a high of Rs 1,172.25 and a low of Rs 1,140.75 so far during the day.

The stock had hit a record high of Rs 1,450 on 7 September 2016 and a 52-week low of Rs 632.25 on 20 January 2016. It had underperformed the market over the past one month till 2 January 2017, sliding 0.52% compared with the Sensex's 1.39% rise. The scrip had also underperformed the market over the past one quarter declining 8.79% as against the Sensex's 4.56% fall.

The large-cap private sector has equity capital of Rs 422.98 crore. Face value per share is Rs 10.

said it has put in place a detailed roadmap on commercialising Blockchain based banking solutions in India and is exploring use cases for implementation towards 'letter of credit' and documentary collections, foreign remittances and partnering with correspondent banks for trade finance among others.

Yes Bank's net profit rose 31.3% to Rs 801.54 crore on 24.7% rise in total income to Rs 4982.23 crore in Q2 September 2016 over Q2 September 2015.

is one of the leading private sector banks in India.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 03 2017. 15:02 IST