YES Bank Shares Rise, The Bank Has Paid 35,000 Crores To RBI

YES Bank shares rise, the bank has paid 35,000 crores to RBI, the situation is improving. YES Bank shares have seen good growth. During the business, the bank’s stock has gained five percent on Wednesday. This increase in the share price came after the statement by the chairman of Yes Bank, in which he said that Yes Bank had made a repayment of Rs 35,000 crore to RBI.

It is worth noting that Yes Bank raised Rs 50,000 crore through Special Liquidity Facility (SLF) on behalf of RBI. Out of this, the bank has paid Rs 35,000 crore and has also asked to pay the remaining amount within the stipulated time. YES Bank Share Price was trending at 15.78 with a gain of 4.99 percent or 0.75 rupees on the Bombay Stock Exchange on Wednesday afternoon.

In the annual report of Yes Bank, Chairman Sunil Mehta said, ‘I am happy to state that the bank has repaid Rs 35,000 crore of Special Liquidity Facility (SLF) and also the timely repayment of the remaining amount taken from RBI. will be given.’ The RBI had given the restructured bank a special liquidity facility (SLF) of Rs 50,000 crore.

In his message to the shareholders, the chairman said that the bank’s CET-1 (Common Equity Tier-1) ratio doubled from 6.6 percent at the end of June 2020 to 13.4 after raising Rs 15,000 crore through Fardar Public Offering (FPO). It has become percent. This has helped in bringing capitalization on par with its private sector peers.

There has also been a big improvement in the liquidity coverage ratio of the bank. The bank’s LCR was only 34 percent in March, which increased to 114 percent in June. Yes, Bank stock has seen a lot of improvement. In March 2020, the bank’s stock had fallen to six rupees.