In its latest research report, Nirmal Bang, an equity research firm said that Yes Bank Limited stock can give good returns in the long term.

According to Nirmal Bang Research, the stock of the bank can be bought to achieve a target of Rs 370.

Today (March 08), the shares of the company opened at Rs 272.10 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 388 and a low of Rs 237.70 on BSE.

Current EPS & P/E ratio stood at 19.23 and 14.28 respectively.

Established by Mr. Rana Kapoor and his highly proficient top management group, Yes Bank Ltd is the country's one of the key private sector banking institutions.

It is one of the banking institutions that have the distinction of getting the central bank's Greenfield banking authorization.

The bank is named amongst the top five private banking institutions in terms of biz volume.

As on 31st December 2010, the overall balance sheet size of Yes Bank stood at Rs 52,000 Crores with a total biz (advances & deposits) of Rs 70,000 Crores.

For Oct-Dec quarter, Yes Bank registered a growth of 51.77% in its net profit, which stood at Rs 1,911.20 million as against Rs 1,259.30 million for the same period of 2009.