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Yes Bank gains on partnering with Ola to provide ‘Cash-on-Demand’ at doorstep

19 Dec 2016 Evaluate

Yes Bank is currently trading at Rs. 1183.50, up by 2.20 points or 0.19% from its previous closing of Rs. 1181.30 on the BSE.

The scrip opened at Rs. 1182.00 and has touched a high and low of Rs. 1188.30 and Rs. 1178.00 respectively. So far 50,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 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. 1216.80 and Rs. 1173.00 respectively. The current market cap of the company is Rs. 50,036.15 crore.

The promoters holding in the company stood at 21.85%, while Institutions and Non-Institutions held 65.77% and 12.38% respectively.

Yes Bank has partnered with Ola, India’s most popular mobile app for transportation, to provide Cash-on-Demand at Customer’s Doorstep. Customers will be able to use the Ola app to book a cab and opt for ‘Cash at their Doorsteps’ which will be enabled using PoS Machines powered by the bank. The service will be available across 10 cities including Mumbai, Delhi, Bangalore, Chennai, Pune, Kolkata, Chandigarh, Ahmedabad, Hyderabad and Jaipur.

The users in these cities can request an on-demand cash withdrawal by clicking on a special icon that would be visible on the Ola App. Customers can swipe their Debit Cards to withdraw an amount of up to Rs 2,000 per card.

This partnership is being done with an aim to ease the process of Cash Withdrawals for citizens across the country and provide seamless service to the customers with additional mobile infrastructure powered by-Ola.


Yes Bank Share Price

20.20 0.25 (1.25%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Indusind Bank 853.15
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