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Yes Bank Share: An increase in the share price of Yes Bank is being registered for the last one month. From December 8 to December 13, 2022, Yes Bank shares have given a return of 35 percent. Meanwhile, the company has taken another big step. The bank has handed over Rs 48,000 crore of bad loans to JC Flowers Asset Reconstruction Company.
The bank said in its exchange filing on Saturday that a loan portfolio of Rs 48,000 crore with stressed debt has been transferred to JC Flowers. The bank had already declared JC Flowers Asset Reconstruction Company as the winner of this loan, after which the loan amount has been handed over. Apart from this, work has also been done to adjust the loan recovery done from 1st April to 30th November.
Yes Bank trying to improve the situation
Yes Bank is trying to improve its economic condition by transferring its portfolio loans. Transferring such a huge amount of loan will further improve the condition of the bank. Earlier also the bank had taken several steps to improve its position. Explain that due to the increase in the portfolio loan of the bank, its financial condition had deteriorated.
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Up to 70% return in 6 months
Private sector Yes Bank has given high returns to the investors in a short span of time. In the last six months, the bank has given a return of 70.68 per cent, while from January till now Yes Bank has given a return of up to 50 per cent. In the last one month, the bank has given a return of up to 25.22 per cent. Along with this, its shares were jumped by 35 percent in three days. On Friday, shares of Yes Bank were trading at Rs 21.10 per share, down 6.01 per cent.
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