RBI's clean chit: YES Bank zooms 32%; biggest intra-day gain since listing

The stock rallied 30% to Rs 220 on the NSE, after the bank said the RBI has not found any divergence in the asset classification and provisioning done by the lender during 2017-18.

YES Bank ended 31 per cent higher on the National Stock Exchange (NSE) at Rs 221, recording its sharpest rally since listing on July 12, 2005, after the private sector bank said the Reserve Bank of India (RBI) found no divergence in asset classification and provisioning done by the lender during financial year 2017-18 (FY18).

The stock had rallied 32 per cent in intra-day deals to Rs 224. The trading volume jumped nearly five-fold, with a combined 284 million equity shares representing 12 per cent of total equity of the bank changing hands on the NSE and BSE on Thursday.