INSUBCONTINENT EXCLUSIVE:
multiple instruments.
The scrip was trading 1.08 per cent up at Rs 352.55 at around 2.15 pm (IST), while the BSE Sensex was up 0.54 per cent
YES Bank with a target price of Rs 440
days back it received a licence from Sebi to run a mutual fund
The former benefits incremental borrowing cost by about 30-40 bps and helps the bank compete on better terms and could be NIM-accretive,
Kapoor, MD CEO of YES BANK said, "This rating upgrade will result in a further reduction in our cost of borrowings going forward, and
further widens the depositors, stakeholders universe of YES Bank."
