Shares of private sector lender YES Bank are in focus today after the bank's net profit climbed 10.26 per cent to Rs 342.52 crore in the first quarter of this fiscal. The profit in Q1 FY23 came at Rs 314.3 crore. In the previous session, YES Bank stock ended 1.86% higher at Rs 18.06 against the previous close of Rs 17.73 on BSE.
YES Bank stock climbed 8.62% intraday to Rs 16.64 against the previous close of Rs 15.32 on BSE today. The stock has gained after two days of consecutive fall.
Shares of YES Bank extended gains for the second consecutive session today after board of the private lender approved raising of Rs 8,898 crore from funds affiliated with private equity investors Carlyle and Advent International. Both the funds will potentially own 10 per cent each in the private lender. Separately, YES Bank issued a notice mentioning its board would hold an Extraordinary General Meeting (EGM) on August 24 through video-conferencing (VC)/other audiovisual means (OVAM).