YES Bank records sharpest intra-day gain in six weeks, up 17% in two days

State Bank of India Chairman Rajnish Kumar said he's certain "some solutions will emerge" to steady YES Bank, which has been on a prolonged quest to raise new capital.

Shares of YES Bank climbed 10 per cent to Rs 45 on the BSE on Friday, recording its sharpest intra-day gain in the past one month. The stock of the private sector lender was trading higher for the second straight day. Earlier, on December 12, 2019, YES Bank had surged 12.5 per cent in the intra-day trade on the BSE.

The stock has rallied 17 per cent in the past two days, after the country’s largest public sector bank’s State Bank of India (SBI) Chairman Rajnish Kumar said he’s certain “some solutions will emerge” to steady YES Bank, which