Yes Bank surges 16% in a month as bad loans set to shrink

The uptrend in Yes Bank shares continued on Friday as well with the banking stock posting a return of almost 10 percent this week.  In the last one month, Yes Bank stock price has gained more than 16 percent, outperforming Sensex by almost 8 percent. The BSE frontline index has surged 16.5 percent during the period.

The sentiment in the stock is aided by reports that Yes Bank resolution is on the fast track with an asset reconstruction company (ARC) deal announcement and the next leg of private equity (PE) funding in its final stages.

It is understood that Carlyle and Advent will be looking at a board seat as part of the investment. Yes Bank has changed its Articles of Association (AoA) to make room for these appointments.