The shares of YES Bank opened lower on Monday as the three-year lock-in period of the State Bank of India (SBI) ends this week. The stock, however, recovered soon and, as of 02:15 PM, was trading 0.06 per cent in the green at Rs 16.87. The lock-in period was set in place by the Reserve Bank of India (RBI) as a part of the bank's restructuring process.
On Monday, YES Bank opened at Rs 16.82 per share against the closing price of Rs 16.86 on Friday. In the opening trade, the YES Bank share price fell 3 per cent to Rs