Yes Bank close to its UC
By
Ruma Dubey
about 4 years ago
Yes Bank, currently trading at Rs.14.57 is so close to its 5% UC of the day at Rs.14.61.
The stock has jumped up after the bank stated at the AGM yesterday that it has fully repaid RBI’s entire Rs.50,000 crore of Special Liquidity Facility (SLF) it had availed.
The SLF was given to the bank in March when it was coming out of the moratorium to tode over large deposit withdrawals. Its window was first given for a three month period and later extended till mid-September.
The Bank also said that there were no plans afoot to be merged with SBI.