YES Bank shares decline by 1.50 per cent

Posted on by

during the first quarter, Yes bank Purchase of PSL certificates totaling Rs. 4,300 crore. CEO Prashant Kumar stated that the bank is actively engaging with correspondent banking partners for organic growth opportunities while simultaneously evaluating potential acquisition targets.

Although the bank aims to finalize the acquisition of the microfinance entity in FY24, the process is still under evaluation. YES Bank is also exploring syndicated lending and portfolio buying to boost its agriculture and SME loan books.

The bank had recently revealed its plan to acquire microfinance companies to strengthen them Priority Sector Lending (PSL) portfolio and addresses legacy PSL challenges.

Shares fell 1.50 percent to 17.78 Indian rupees at 10:02 am on BSE.