Yes Bank is currently trading at Rs. 809.55, up by 22.75 points or 2.89% from its previous closing of Rs. 786.80 on the BSE.
The scrip opened at Rs. 816.40 and has touched a high and low of Rs. 822.35 and Rs. 809.20 respectively. So far 1,04,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 822.35 on 15-Jan-2015 and a 52 week low of Rs. 292.10 on 04-Feb-2014.
Last one week high and low of the scrip stood at Rs. 822.35 and Rs. 752.35 respectively. The current market cap of the company is Rs. 33,710.00 crore.
The promoters holding in the company stood at 22.14% while Institutions and Non-Institutions held 65.96% and 11.90% respectively.
Yes Bank will be seeking approval from the regulators for setting up Asset Management Business and Primary Dealership business. The board of directors at their meeting held on January 14, 2015, has approved for the same. The bank has established a distribution network of 600 branches as of December 31, 2014 across metro, urban, semi-urban and rural centers with a pan India distribution presence spreading across all states and union territories of the country.
With a view to complete the overall bouquet of financial products to its customer franchise, the bank plans to set up an Asset Management Company (AMC), primarily to channelize the savings of retail investors in equity and debt capital markets. This will complement the bank’s retail liabilities strategy, strengthen multi-product customer engagement and also allow the bank to leverage its distribution network for customer acquisition. The bank will simplify and integrate ‘manufacturing to distribution’ of equity and debt investment products for all its customers.
The AMC will complement YES Securities brokerage business which has now stabilized its operations and is rapidly growing its business footprint. The AMC will also complement the bank’s retail strategy and help in leveraging existing infrastructure to provide the necessary retail thrust. This will allow the bank to build a holistic wealth management proposition for its customers and enable the bank to strengthen traction witnessed in building retail market share on the back of its Savings Account proposition.
| Company Name | CMP |
|---|---|
| HDFC Bank | 799.90 |
| ICICI Bank | 1347.50 |
| Axis Bank | 1359.15 |
| Kotak Mahindra Bank | 383.50 |
| Indusind Bank | 853.15 |
| View more.. | |
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