YES Bank freezes at 5% upper circuit on payment of Rs 35,000 crore to RBI

Sunil Mehta said that the new board led by CEO Prashant Kumar was able to restore customer and depositor confidence after the RBI-imposed moratorium was lifted

YES Bank shares were locked in the upper circuit band of 5 per cent at Rs 15.78 on the BSE on Wednesday after the bank said it has paid Rs 35,000 crore, out of the Rs 50,000 crores of Special Liquidity Facility (SLF), that was extended to the bank to make up for any shortfall in deposits during the crisis in March this year.

"The Bank has, as of date repaid Rs 35,000 crore of SLF and the balance (Rs 15,000 crores) will be repaid within the timelines set by RBI," the bank’s Chairman Sunil Mehta noted in his message to