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Yes Bank surges on partnering with Fintech startup Niyo

21 Sep 2016 Evaluate

Yes Bank is currently trading at Rs. 1224.25, up by 19.70 points or 1.64% from its previous closing of Rs. 1204.55 on the BSE.

The scrip opened at Rs. 1216.90 and has touched a high and low of Rs. 1226.80 and Rs. 1209.00 respectively. So far 907873 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1450.00 on 07-Sep-2016 and a 52 week low of Rs. 632.25 on 20-Jan-2016.

Last one week high and low of the scrip stood at Rs. 1256.75 and Rs. 1156.00 respectively. The current market cap of the company is Rs. 51602.16 crore.

The promoters holding in the company stood at 21.88%, while institutions and non-institutions held 66.13% and 11.98% respectively.

Yes Bank, the country’s fifth largest private sector Bank has partnered with the Fintech startup NiYO to revolutionise the Employee Benefits ecosystem in India. NiYO features an integrated solution comprising of a Multi-Pocket Card, a Mobile App and a digital account with multiple wallets.

Under this partnership, Yes Bank along with NiYO has rolled out the ‘Yes Bank NiYO Benefits Card’ that makes it easy for organizations to give employee benefits, and for employees to claim the benefits.  The solution will leverage the latest in mobile technologies and build on the IndiaStack initiatives including eKYC by UIDAI and Unified Payments Interface (UPI) launched by NPCI.

The addressable market is close to 30 million salaried employees in India who are eligible for various employee benefits. NiYO was launched in July 2016 as a pilot in Bangalore and has already clocked over 2000 customers in less than two months. NiYO and Yes Bank plan to onboard over 20,000 companies and 5 million customers onto this platform over the next 5 years.

Yes Bank, India’s fifth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai.

Yes Bank Share Price

19.76 -0.09 (-0.45%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 811.65
ICICI Bank 1388.65
Axis Bank 1377.75
Kotak Mahindra Bank 381.50
Indusind Bank 856.45
View more..

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