Yes, Bank Jumps 30% - As RBI Says No Divergence In Asset Quality Shares of the Mumbai-based bank jumped as much as 29.98 per cent, the most since July 2005, to Rs 220.25. The stock was the best performer on Sensex and Nifty. The private lender received Reserve Bank of India’s compliance assessment report for 2017-18, according to its stock exchange notification. The report stated that there is no divergence in asset classification and provisioning as per the country’s central bank norms. Trading volume was almost six times its 20-day average. The stock had declined 49 per cent in the past 12 months compared to a 5.1 per cent advance in the Sensex. Market Opens: Benchmark indices are trading lower on a Thursday morning with Nifty hovering around 10,750 level. At 09:18 hrs IST, the Sensex is down 52.52 points at 35981.59, while Nifty is down 26.20 points at 10767.50. About 304 shares have advanced, 495 shares declined, and 30 shares are unchanged. St...
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