te Now, Yes Bank Share price soars nearly 10% based on these reports boosting prospects | Zee Business

Now, Yes Bank Share price soars nearly 10% based on these reports boosting prospects

There is high probability of Yes Bank, Adani Enterprises, PI Industries and Hindustan Aeronautics to switch from mid-cap to large-cap in the proposed AMFI. Revamp details to be out on January 5, 2021. In last one week Yes Bank has moved over 17% and over 40% in last one month.  

Now, Yes Bank Share price soars nearly 10% based on these reports boosting prospects
Yes Bank will be upgraded to large cap category from mid-cap by mutual fund industry body The Association of Mutual Funds in India (AMFI): Reuters

Yes Bank share price is trading nearly 10% up today, continuing its winning streak over past few sessions on hopes the stock will be upgraded to large cap category from mid-cap by mutual fund industry body The Association of Mutual Funds in India (AMFI). Separately, the stock also got a boost from the lender’s likely plan for an asset reconstruction company (ARC). A report said that around Rs 40,000 cr of bad loans by YES Bank are proposed to be housed in the ARC.  
  
There is high probability of Yes Bank, Adani Enterprises, PI Industries and Hindustan Aeronautics to switch from mid-cap to large-cap in the proposed AMFI. Revamp details to be out on January 5, 2021. In last one week Yes Bank has moved over 17% and over 40% in last one month.  

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Many large PSU Banks and Private Banks have done investment in Yes Bank, the issues that the bank has faced in the past regarding NPA's are seen to be fading off in near future. Strong Management vision and new good credit growth focus will yield good returns to the investors going forward, is what analysts are saying

 

Reported By: ZeeBiz WebTeam
Written By: Rahul Kamdar
Edited By: Harish Dugh
Updated: Tue, Dec 08, 2020
04:04 pm
Mumbai, ZeeBiz WebDesk
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