Yes Bank surges on implementing multi-nodal Blockchain solution in India

Yes Bank Ltd. | Bank - Private | BFSI | BSE: 532648 | NSE: YESBANK

03 Jan 2017 Evaluate

Yes Bank is currently trading at Rs 1164.80, up by 20.75 points or 1.81% from its previous closing of Rs 1144.05 on the BSE.

The scrip opened at Rs 1144.00 and has touched a high and low of Rs 1172.25 and Rs 1140.75 respectively. So far 134262 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. 1161.95 and Rs. 1100.60 respectively. The current market cap of the company is Rs. 49340.39 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 implemented a multi-nodal Blockchain transaction to fully digitize vendor financing for Bajaj Electricals. The implementation has been done on a blockchain-based smart contract written by fintech start-up Cateina Technologies.

The Bank will also leverage IBM Watson Conversation, a cloud-based cognitive service, to enhance the digital experience of partners, corporate clients and developers collaborating with them on the integrated Blockchain - API Banking platform.

Capitalising on the efficiency and security features of Blockchain, the Bank has used the Hyperledger Fabric supported by IBM to design a vendor financing solution which allows Bajaj Electricals (anchor client) to digitize the process for discounting and disbursal of funds to its vendors by integrating seamlessly with Bank’s systems. The solution will also facilitate an automated debit from Bajaj Electricals' account by Yes Bank. The business logic and rules are captured in a smartcontract (Chain Code) developed by Cateina Technologies.

Yes Bank Share Price

22.93 0.41 (1.82%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
HDFC Bank	781.20
ICICI Bank	1264.80
Axis Bank	1269.40
Kotak Mahindra Bank	380.75
Indusind Bank	949.85
View more..

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