Yes Bank kick-started this week with a 3.25 per cent gain in early trade on Monday. The troubled bank’s share opened at Rs 15.65. It touched a high of 15.85 and a low of Rs 15.50. Yes bank share price closed at Rs 15.35 on Friday. Share of Yes Bank hit 5 per cent upper circuit in early trade on Tuesday last week and gained for the second consecutive session. The gains were led by buying sentiment in the private banking index and broader indices Sensex and Nifty also traded near record highs. Yes Bank has a 52 week high of Rs 87.30 and 52 week low of Rs 5.65. The bank went up by 21 per cent in the past one month. Year-to-date, the stock is down by 67 per cent, while S&P BSE Bankex is down by 6 per cent. In the last one year, Yes Bank share price has fallen by 76 per cent.

According to a report by ICICI Securities, there is a high probability for Yes Bank to switch from mid-cap to large-cap category in Amfi’s January list. With an average market cap of Rs 333 bn, Yes bank holds 88th rank in the Indian stock market. Yes Bank aims to raise its deposits book to Rs 2 trillion by the end of March 2021. The private sector lender is also planning to expand its retail and small and medium enterprises (SME) loan book from Rs 6,800 crore in the September quarter to Rs 10,000 crore by the end of the third quarter.

Yes Bank had reported a net profit of Rs 129.37 crore in Q2. The bank had posted a loss of Rs 600.08 crore in the corresponding quarter of last year. The bank’s gross non-performing assets (NPAs) stood at 16.3 per cent, against 16.8 per cent in the March quarter, and 5.01 per cent in the year-ago period.