Yes Bank management has surprised markets by announcing follow-on public offer with floor price of Rs 12. The FPO will open on July 15 and continue till July 17, 2020.

Yes Bank has issued an official statement clarifying the withdrawal limits for account holders.

YES Bank stock jumped nearly 25 percent in yesterday’s session as the news came about SBI taking a stake in the bank.

SBI has been allowed to buy stake in YES Bank. After the news, stock price of YES Bank jumped by 25 percent.

Yes Bank has been declining over the last few months. One of the best performers in the market in the recent years, Yes Bank was favorite stock of many fund managers.