After a steep fall on Friday, the Yes Bank stock made a dramatic turnaround on Monday. The Rana Kapoor-led bank’s stock, which nearly soared 10 per cent on the bourses at close, was the biggest gainer among the blue chips.

The stock’s rise is largely attributed to the lender’s statement that it is fully geared up for the  succession plan for its MD and CEO and it will finalise two external experts for the search committee by October 7.

However, another reason for the stock’s sudden vault could be that the lender has revealed a part of its unaudited financial results for September quarter 2018 on Monday. In an attempt to pacify investors, who pummelled the stock on Friday to a one-year low of 183.65, or 9.64 per cent, the mid-sized lender said on Monday it deposits climbed 41 per cent year-on-year during the July-September quarter to Rs 2.23 lakh crore. This disclosure, ahead of its official declaration of earnings, has stumped marketmen, as this is usually considered a silent period for companies.

However, Yes Bank officials have maintained that the disclosure has not violated any Sebi regulations in this regard. An analysts’ meeting of the bank has also been scheduled for Monday evening, but no details of the interface is not immediately available.

In a filing to the stock exchanges, Yes Bank also said its loans and advances grew 61.5 per cent to Rs 2.40 lakh crore. In deposits, the CASA (current and savings account) ratio grew 28.2 percent to 33.8 per cent of total deposits, it said. It said the gross non-performing assets (NPAs) stood lower at 1.35 per cent of gross advances against 1.82 percent in the corresponding quarter last year.

“Over the past few days, some unfounded speculations regarding the Bank’s asset quality have been brought to its notice. In this context, management clarifies that the asset quality continues to be stable…and reiterates its credit cost guidance at 50-70 bps for FY19 (76 bps for FY18),” the release said.

It added that the bank has a liquidity coverage ratio (LCR) of about 101 per cent as on September 30, 2018 as against the minimum regulatory requirement of 90 per cent. The bank’s average daily LCR for Q2 FY19 was  about 100 per cent. The bank’s liquidity position will further benefit from the recent RBI measures announced last week to ease systemic liquidity.

The financial results are subject to approval by the audit committee of the board, board of directors and review by the statutory auditors of the bank. The bank said it is fully geared for CEO and MD's succession planning after Rana Kapoor.

 “Pursuant to the board of directors meeting dated September 25, 2018, the two external experts of the ‘search & selection committee’ will be finalised by October 7, 2018.” The committee is assisted by a global leadership advisory firm, and will evaluate both internal and external candidates and make suitable recommendations to the board of directors for onward submission to RBI, it said. The Yes Bank stock ended at Rs 201.20 on the BSE on Monday. Intra-day, it jumped 14.30 per cent to Rs 209.70. On the NSE, the shares climbed 8.82 per cent to close at Rs 199.85. Yes Bank shares had plunged 46 per cent in September as investors turned cautious after the RBI cut short Rana Kapoor's tenure as CEO& MD.