Stock Market

YES Bank climbs 4% ahead of board meeting

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NEW DELHI: Shares of YES Bank climbed 4 per cent in the morning trade on Thursday ahead of the company's board meeting wherein it will recommend names for a new chairman for RBI's approval. The private lender had said last month that on December 13, its board will recommend names for a new chairman to be approved by the RBI, as well as consider the appointment of independent directors. The bank, which is grappling with governance as well as NPA issues, has seen resignations of three independent directors, including Chairman Ashok Chawla. Shares of the company, however, failed to hold altitude and traded 1.61 per cent up at Rs 189.80 around 10:25 am.

The equity benchmark Sensex was 0.59 per cent up at 35,991 at that time.




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