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Yes Bank gets RBI approval & gains 10% on appointment of new CEO Ravneet Singh Gill

Shares of Yes Bank added 10 per cent in the early trade on Friday on the back of appointment of Ravneet Gill as new MD & CEO of the company.


In the previous trading session, the share closed up 8.39 per cent at Rs 213.85. Yesterday, the bank announced the appointment of Ravneet Gill as MD and CEO w.e.f March 1, 2019. Currently, Gill is the CEO of Deutsche Bank, India. Rana Kapoor will step down as MD & CEO of the bank on the closing of January 31, 2019.

Yes, Bank's net profit stood at Rs. 1,002 crores ($140.73 million) in the three-month period, according to the statement. Net profit for the corresponding period a year ago was at Rs. 1,077 crores.

The bank's net profit fell short of analysts' estimates. Analysts had estimated the bank to report a profit of Rs. 1,060 crore for the quarter ended December 31, 2018, news agency Reuters ported citing data from Refinitiv. Yes, Bank shares closed 14.3 per cent higher at Rs. 225.50 apiece on the NSE, outperforming the market which settled 0.2 per cent higher.


YES Bank Futures Price (Expiry: 31-01-2019) : 215.50  17.60 (8.89%)
Open Price199.90Prev. Close197.90Open interest122689000
High Price236.15Turnover (₹ in Lakhs)379987.15Open Interest Change0
Low Price189.00No. Of Contracts Traded102700Open Interest Change(%)0.00%


Yes Bank | Yes Bank Chairman | Yes Bank Share Prices | Yes Bank CEO

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