Yes Bank Secures Rs 244 Cr In Security Receipts Portfolio

On Monday, Yes Bank announced that it had secured Rs 244 crore in security receipts portfolio from a single trust, in reference to the sale of its NPA portfolio to JC Flower ARC on 17 December 2022. The bank disclosed this as the amount exceeded the materiality threshold prescribed under the amended Listing Regulations, under Regulation 30 of Listing Regulations.

The announcement was made after market hours, with Yes Bank's shares settling 1.86 per cent lower at Rs 24.75. Previously, on 30 March 2024, the bank had received Rs 366 crore in security receipts portfolio related to the sale of NPA portfolio to JC Flower.

Yes Bank is scheduled to announce its fourth-quarter (Q4) earnings on 27 April. Last week, it reported a 22 per cent year-on-year increase in deposits as of 31 March 2024, while loans and advances rose by 14.1 per cent on a yearly basis.

In terms of technical analysis, the stock traded below the 5 days and 50 days simple moving averages (SMAs) but above the 10 days, 20 days, 30 days, 100 days, 150 days and 200 days SMAs. The stock's 14 days relative strength index (RSI) was at 52.57, indicating a neutral stance.

YES Bank's stock has a price-to-earnings (P/E) ratio of 70.71, with earnings per share (EPS) at 0.08. The stock witnessed heavy trading volume on the BSE today, with around 7.21 crore shares changing hands, surpassing the two-week average volume of 3.14 crore shares. Turnover on the counter amounted to Rs 178.66 crore, with a market capitalisation (m-cap) of Rs 71,200.51 crore.