YES Bank recovers, surges 29% after 43% decline in one week

The financial and operating metrics remain intrinsically sound and stable, with liquidity position well in excess of regulatory requirements, the bank said in a statement.

Shares of YES Bank surged 29 per cent to Rs 41.30 on the National Stock Exchange (NSE) in the early morning deals on Thursday after the bank assured investors of a stable financial position, and said that the entire pledged shares stand extinguished.

"The financial and operating metrics remain intrinsically sound and stable, with liquidity position well in excess of regulatory requirements... With the invocation of shares, the entire pledge stands extinguished and all sale under the same duly completed," the bank said in a statement.

On October 1, 2019, the bank's share price tanked 30 in the intra-day trade