Yes Bank stock rose 5.5% on Monday even as the broader indices fell 2% after the lender clarified that the financial position of the bank was sound and stable and its liquidity and operating performance continued to be robust.
The bank made the statement in view of ‘unfounded speculation about its board and management stability, Yes Bank said.
The bank’s stock ended 5.56% higher to close the day at ₹93.10 a share.
The lender also made two senior level appointments. Rajeev Uberoi will be senior group president — governance and controls while Anurag Adlakha will be senior group president and head – financial management and strategy.
The bank will announce its earnings for the April-June period on July 17.
