Stock market news: YES Bank shares slip over 1%

NEW DELHI: Shares of YES Bank Ltd. traded 1.12 per cent down in Thursday's trade at 12:24PM (IST). Around 11265131 shares changed hands on the counter. The stock opened at Rs 12.25 and touched an intraday high and low of Rs 12.45 and Rs 12.11, respectively, in the session so far.

The stock quoted a 52-week high of Rs 178 and a 52-week low of Rs 5.65.

The bank said that Swaminathan Janakiraman, the nominee director appointed by State Bank of India, has resigned with effect from October 28, 2020. In his letter, Janakiraman, has conveyed that State Bank of India will shortly nominate a replacement in his place, Yes Bank said in a regulatory filing.

Financials
YES Bank Ltd., incorporated in the year 2003, is a banking company (having a market cap of Rs 31193.36 Crore).

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 32344.36 Crore and Net Non Performing Assets (Net NPAs) of Rs 7868.13 Crore.

YES Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 22922.64 Crore to Sales Value (77.37 per cent of Total Sales), Income From Investment which contributed Rs 6048.42 Crore to Sales Value (20.41 per cent of Total Sales) and Interest which contributed Rs 256.11 Crore to Sales Value (0.86 per cent of Total Sales) for the year ending 31-Mar-2019.

Valuation ratio
It quoted a price-to-earnings ratio of -1.97 and price to book value of 1.3.