YES Bank gains over 30% for second straight day, up 424% from Friday's low

Earlier, the new YES Bank administrator Prashant Kumar had said that the moratorium imposed by the RBI could be lifted before the end of this week

Shares of YES Bank rallied over 30 per cent for the second straight day and surged 39 per cent to Rs 29.60 on the National Stock Exchange (NSE) on Wednesday. 

YES Bank's stock price has surged a mammoth 424 per cent from Friday’s low of Rs 5.65, after the government-owned State Bank of India (SBI) said it will pick a 49 per cent stake in the troubled private lender as part of a revival scheme framed by the Reserve Bank of India (RBI).

At 12:03 pm, YES Bank was trading 28 per cent higher at Rs 27.25 on the