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Yes Bank declines as RBI imposes penalty on the Bank for violating PPI norms

Yes Bank is currently trading at Rs. 119.75, down by 14.90 points or 11.07% from its previous closing of Rs. 134.65 on the BSE.

The scrip opened at Rs. 130.80 and has touched a high and low of Rs. 130.80 and Rs. 117.50 respectively. So far 8674049 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 404.00 on 20-Aug-2018 and a 52 week low of Rs. 117.50 on 13-Jun-2019.

Last one week high and low of the scrip stood at Rs. 145.50 and Rs. 117.50 respectively. The current market cap of the company is Rs. 27811.58 crore.

The promoters holding in the company stood at 19.80%, while Institutions and Non-Institutions held 61.31% and 18.89% respectively.

The Reserve Bank of India (RBI) has imposed a penalty on prepaid payment instrument (PPI) issuer Yes Bank for non-compliance with regulatory norms. A penalty of Rs 11.25 lakh has been imposed on the Bank.

Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.

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