Yes Bank Share Price Drops by 5.5% on Tuesday
Yes Bank shares were trading with a 5.5% decline on Tuesday. However, a slight uptick is being seen in the share price today after a 15% drop in the past five days. The stock has plummeted by 30.75% from its 52-week high.
Key Figures:
- 52-week high: ₹32.85
- 52-week low: ₹15.50
- Wednesday, 8th May 2024: ₹23.05
- Thursday, 9th May 2024: ₹23.0
Recent Developments:
Recently, Yes Bank signed a deal with Brazilian payment giant Ebanx for cross-border merchant payments. Indian customers of Yes Bank can now use the Ebanx system for seamless transactions. The bank reported a 123% increase in net profit for the March 2024 quarter.
Financial Performance:
- Net profit for March 2024 quarter: ₹451 crore, up by 123% from the previous year
- Operating profit for March 2024 quarter: ₹902.47 crore
- Net interest income increased by 2% to ₹2,153 crore for March 2024 quarter
- Net NPA stood at 0.6% for March 2024 quarter, down from 0.80% in the same period last year
Stay tuned for more updates on Yes Bank’s performance in the coming months!
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