Shares of Yes Bank surged over 7 per cent Monday after the bank constituted a panel to choose chief executive officer after Rana Kapoor's exit.
The scrip soared 7.08 per cent to end at Rs 220.80 on BSE. During the day, it jumped 10.40 per cent to Rs 227.65.
At NSE, shares of the company surged 7.37 per cent to settle at Rs 221.20.
The stock was the top gainer among the blue chips on both the key indices during the day.
The company's market valuation rose by Rs 3,445.85 crore to Rs 50,988.85 crore on BSE.
Former chairman of insurance watchdog Irdai, TS Vijayan, and retired SBI chief OP Bhatt will be part of the panel which will choose Yes Bank's chief executive officer after Rana Kapoor's exit.
The five-member panel will also consist of board members Brahm Dutt, Lt Gen (Retd) Mukesh Sabharwal and SC Kalia, the bank said in a regulatory filing Friday evening.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app