YES Bank up 19% in 2 days on RBI nod to proceed with Carlyle, Verventa deal

On Friday, the Reserve Bank of India (RBI) issued two letters to YES Bank as the final go-ahead for its proposed capital raise plan from the Carlyle Group and Verventa Holdings

Shares of YES Bank jumped 7 per cent to Rs 21.10 to hit a 29-month high on the BSE in Monday’s intra-day trade on the back of heavy volumes.

In the past two trading days, the stock of the private sector lender has soared 17 per cent after it received the Reserve Bank of India's (RBI) nod to raise capital from funds affiliated to global private equity investors Carlyle and Advent International.

In today's intra-day trade, YES Bank was at its highest level since July 2020. At 10:56 am; it was quoting 6.9 per cent higher at Rs