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Yes Bank sees best day after RBI gives clean chit

Reuters 

(Reuters) - Yes Bank Ltd's shares surged 30 percent early on Thursday in their sharpest ever intraday jump, a day after the Indian central bank cleared the private sector lender of any divergences in bad loan reporting practices.More than 101 million shares changed hands by 0418 GMT, double the 30-day average trading volume, and making them the most heavily traded on the National Stock Exchange. The central bank did not find any divergences in the asset classification and provisioning by Yes Bank for the fiscal year ending 2018, the bank said in a statement on Wednesday.This came as a relief ...

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First Published: Thu, February 14 2019. 10:36 IST
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