YES Bank surges nearly 4% in intraday trade on ICRA's liquidity remark
YES Bank share price rose as much as 3.73 per cent to hit an intraday high of Rs 70.80 apiece on the BSE after ICRA said that the lender has sufficient liquidity for now
- Nov 14, 2019,
- Updated Nov 14, 2019 6:35 PM IST
Shares of private sector lender YES Bank rose nearly 4 per cent in intraday trade on the Bombay Stock Exchange (BSE) on Thursday as investors were buoyed by ICRA comment that the bank has sufficient liquidity for now. The rating agency said that YES Bank's liquidity coverage ratio (LCR) was at 113.83 per cent in September quarter of this fiscal as against the RBI's requirement of 100 per cent as on January 1, 2019.
"ICRA draws comfort from the bank's access to call money markets and the RBI's marginal standing facility mechanism in case of urgent liquidity requirement," the rating agency said.
Paring previous session losses, YES Bank share price rose as much as 3.73 per cent to hit an intraday high of Rs 70.80 apiece on the BSE after opening higher at Rs 68.75 against previous close level of Rs 68.25.
In a similar fashion, YES Bank shares were trading 0.44 per cent higher at Rs 68.50 per cent on the National Stock Exchange (NSE). The scrip touched an intraday high of Rs 70.80 against previous closing price of Rs 68.20.
In the last one month, YES Bank share price rallied over 75 per cent, while it has declined over 60 per cent since the beginning of this year due to a series of negative developments. During the last one year, YES Bank share price has fell nearly 70 per cent.
Shares of private sector lender YES Bank rose nearly 4 per cent in intraday trade on the Bombay Stock Exchange (BSE) on Thursday as investors were buoyed by ICRA comment that the bank has sufficient liquidity for now. The rating agency said that YES Bank's liquidity coverage ratio (LCR) was at 113.83 per cent in September quarter of this fiscal as against the RBI's requirement of 100 per cent as on January 1, 2019.
"ICRA draws comfort from the bank's access to call money markets and the RBI's marginal standing facility mechanism in case of urgent liquidity requirement," the rating agency said.
Paring previous session losses, YES Bank share price rose as much as 3.73 per cent to hit an intraday high of Rs 70.80 apiece on the BSE after opening higher at Rs 68.75 against previous close level of Rs 68.25.
In a similar fashion, YES Bank shares were trading 0.44 per cent higher at Rs 68.50 per cent on the National Stock Exchange (NSE). The scrip touched an intraday high of Rs 70.80 against previous closing price of Rs 68.20.
In the last one month, YES Bank share price rallied over 75 per cent, while it has declined over 60 per cent since the beginning of this year due to a series of negative developments. During the last one year, YES Bank share price has fell nearly 70 per cent.