Yes Bank shares climbed more than 10%, know what is good news about the bank!

Yes Bank Stock Price: Yes Bank shares were trading at Rs 15.10, up 10 percent on Monday, June 7. Yes, Bank has informed us that on June 10, it will raise funds through a loan. After this, the shares of Yes Bank have risen today.

Yes Bank has issued a press release and said, “The meeting of the bank’s board is scheduled to be held on Thursday, June 10. In this meeting, the board can approve that the bank can raise funds in foreign currency by taking loans or through debt securities. could.”

Yes Bank’s results were worse than expected in March 2021. The bank had a loss of Rs 3,787.75 crore which was much higher than the estimate. The bank’s loss was Rs 3,668.33 crore in the same quarter a year ago.

In the March quarter, Yes Bank’s net interest income (the difference between loan disbursement and FD interest) fell 22.5 per cent to Rs 986.7 crore. The net interest income of the bank was Rs 1273.70 crore in the corresponding quarter of last year.

In the March quarter, Yes Bank’s loan stood at Rs 1.66 lakh crore, down 2.7 per cent from the same quarter last year. At the same time, the bank’s net interest margin fell 0.30 percent to 1.6 percent in the fourth quarter of fiscal year 2021.

During this period, the bank’s deposits grew 54.7 percent year-on-year to Rs 1.62 lakh crore.

The 52-week high level of Yes Bank shares is Rs 31.95. The bank had touched this level on 8 June 2020. At the same time, on 28 July 2020, the bank touched its 52-week low level i.e. Rs 11.10 per share. The bank’s stock is currently trading 54.55 percent below its 52-week high.