Today, Yes Bank
, in collaboration with T-Hub
, has launched 'Yes Fintech', a business accelerator program. T-hub is a startup incubator set up by the Telengana government and Anthil
– a speed scaling platform for early growth stage start-ups.
Yes Bank has been collaborating with more than 100 fintech start-ups and supporting them to provide creative solutions to the corporate, SME and retail customer base as a part of its Alliances, Relationship & Technology (ART) approach to digitised banking, a release issued by the bank said.
"Yes Fintech Accelerator will further augment this approach and help the bank co-create disruptive innovations in the financial inclusion, MSME focused solutions, payments, lending, compliance, risk management, trade finance, capital markets and Forex and treasury space," said the release.
Yes Bank Ltd is currently trading at Rs 1324.9, down by Rs 4.75 or 0.36% from its previous closing of Rs 1329.65 on the BSE.
The scrip opened at Rs 1333 and has touched a high and low of Rs 1335.75 and Rs 1316 respectively. So far 1496123(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 56266.01 crore.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1450 on 07-Sep-2016 and a 52 week low of Rs 632.25 on 20-Jan-2016. Last one week high and low of the scrip stood at Rs 1342.95 and Rs 1251.6 respectively.
The promoters holding in the company stood at 21.85 % while Institutions and Non-Institutions held 65.77 % and 12.38 % respectively.
The stock is currently trading above its 100 DMA.