Shares of Yes Bank jumped around 8 per cent Tuesday ahead of its board meeting where it will recommend names for new chairman for approval by the Reserve Bank.
The stocks of private lender surged 7.59 per cent to end at Rs 177.40 on the BSE. Intra-day it touched high of Rs 179.70, a jump of 8.89 per cent.
Besides, it was biggest gainer in Sensex pack.
On the NSE, the stock rose 8.09 per cent to close at Rs 179.05 before touching a high of Rs 179.85 intra-day.
In terms of volume, a total of 81.53 lakh units were traded on the BSE, while over 8.51 crore shares changed hands on the NSE.
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Last month, Yes Bank said its board on December 13 will recommend names for new chairman to be approved by the RBI as well as consider appointment of independent directors.
During the meetings, they would consider proposals for appointment of independent directors and also recommend name(s) of the new chairman for approval of the RBI.
The private sector lender, which is grappling with governance as well as NPA issues, has seen resignations of three independent directors, including Chairman Ashok Chawla.
Meanwhile, the bank inducted Uttam Prakash Agarwal on its board, taking the current strength to seven members.
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