Yes Bank jumps after ICRA retains overall long term ratings at AA+

Yes Bank rose 5.41% to Rs 201.65 at 12:01 IST on BSE after ICRA Ratings retained its overall long-term rating of 'ICRA AA+' on the bank.

The announcement was made on Saturday, 17 November 2018.

Meanwhile, the S&P BSE Sensex was up 126.01 points, or 0.36% to 35,583.17.

On the BSE, 32.55 lakh shares were traded in the counter so far compared with average daily volumes of 33.17 lakh shares in the past two weeks. The stock had hit a high of Rs 204.50 and a low of Rs 194.55 so far during the day. The stock hit a record high of Rs 404 on 20 August 2018. The stock hit a 52-week low of Rs 166.15 on 28 September 2018.

Yes Bank's overall long term issuer ratings have been retained by ICRA Ratings at AA+ with Rating watch with developing Negative Implications. The agency takes note that there has been no adverse impact on Yes Bank's deposit base and liquidity profile post recent developments, the bank said in a statement.

Yes Bank's net profit fell 3.79% to Rs 964.70 crore on 43.91% rise in total income to Rs 8704.68 crore in Q2 September 2018 over Q2 September 2017.

Yes Bank is India's fourth largest private sector bank with a pan India presence across all 29 states and 7 Union Territories of India.

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