{"id":111113,"date":"2023-10-04T12:47:23","date_gmt":"2023-10-04T07:17:23","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111113"},"modified":"2023-10-04T14:06:24","modified_gmt":"2023-10-04T08:36:24","slug":"bank-stock-jumps-in-early-trade-after-it-reported-strong-business-growth-in-q2-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/bank-stock-jumps-in-early-trade-after-it-reported-strong-business-growth-in-q2-check-the-details\/","title":{"rendered":"Bank stock jumps in early trade after it reported strong business growth in Q2; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1102227492\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of India&#8217;s fifth largest Private Sector Bank gained 1.7 percent to Rs 17.50 a share on Wednesday after the company reported robust business growth in the second quarter of 2024.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3368331093\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 12:05 p.m., Yes Bank Limited shares were trading at Rs 17.15 on the National Stock Exchange, down 0.30 percent from the previous close price. The company has a market capitalization of Rs 49,607 crore.&nbsp;<\/p><p>According to the company&#8217;s business update, Yes Bank deposits climbed by 17.2 percent year on year and 6.8 percent quarter on quarter to Rs 2.34 lakh crore, while loans and advances increased by 9.5 percent year on year and 5.2 percent quarter on quarter to Rs 2.10 lakh crore, as disclosed in a BSE filing dated October 3.&nbsp;<\/p><p>Yes Bank stock has given a return of 13 percent over the last six months and 6 percent in a year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2177287961\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Yes Bank\u2019s revenue has increased by 26 percent yearly, from Rs 5,134 crore in Q1FY23 to Rs 6,445 crore in Q1FY24. In the same time frame, the company\u2019s net profit climbed by 10 percent, from Rs 314 crore to Rs 346 crore.&nbsp;<\/p><p>According to the recent shareholding pattern, Foreign institutional investors hold 23.79 percent, domestic institutional investors hold 37.94 percent stake and retail investors own 38.26 percent stake.&nbsp;<\/p><p>Yes Bank Ltd is engaged in providing a wide range of banking and financial services including working capital finance, specialized corporate finance, trade and transactional services, treasury risk management services, investment banking solutions, and many more.&nbsp;<\/p><p><strong>Written by Omkar Chitnis<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4208606073\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of India&#8217;s fifth largest Private Sector Bank gained 1.7 percent to Rs 17.50 a share on Wednesday after the company reported robust business growth in the second quarter of 2024.&nbsp; At 12:05 p.m., Yes Bank Limited shares were trading at Rs 17.15 on the National Stock Exchange, down 0.30 percent from the previous [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-111113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank stock jumps in early trade after it reported strong business growth in Q2; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of India&#039;s fifth largest Private Sector Bank gained 1.7 percent to Rs 17.50 a share on Wednesday after the company reported robust business growth in the second quarter of 2024.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/bank-stock-jumps-in-early-trade-after-it-reported-strong-business-growth-in-q2-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank stock jumps in early trade after it reported strong business growth in Q2; 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