This could be the reason for Yes Bank to go up
“The financial position of YES Bank is sound and stable and its liquidity and operating performance continue to be robust,” YES Bank said in a regulatory filing.
It also clarified on the unfounded speculations about the board and management stability, asset portfolio, future growth prospects. “We strongly refute such speculations which we suspect is a deliberate and malicious attempt to create instability in the institution by undermining investor and client confidence. We have apprised the authorities of these developments,” it said.
YES Bank also announced the appointment of Rajeev Uberoi as Senior Group President-Governance and Controls and Anurag Adlakha as Senior Group President & Head – Financial Management & Strategy.
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