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14-Jan2019

Yes Bank shines on joining hands with Kia Motors for finance, banking solutions

Yes Bank is currently trading at Rs. 191.20, up by 7.25 points or 3.94% from its previous closing of Rs. 183.95 on the BSE.

The scrip opened at Rs. 185.10 and has touched a high and low of Rs. 192.00 and Rs. 182.40 respectively. So far 2848934 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 404.00 on 20-Aug-2018 and a 52 week low of Rs. 147.00 on 29-Nov-2018.

Last one week high and low of the scrip stood at Rs. 194.25 and Rs. 181.55 respectively. The current market cap of the company is Rs. 44256.49 crore.

The promoters holding in the company stood at 19.91%, while Institutions and Non-Institutions held 62.45% and 17.64% respectively.

Yes Bank has signed a memorandum of understanding (MoU) with Kia Motors for finance and banking solutions. According to MoU, the Bank will offer financing and banking solutions to Kia car dealers with products such as term loans, cash credit and inventory funding.

The bank will also offer loans to the end-consumers of Kia Motors, which is set to enter the Indian market by the second half of 2019 with an SUV.

Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.


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