shares climbed 1.11 per cent to ₹21.00 in morning trade on September 11, following the bank’s disclosure that it received approval for proposed amendments to its Articles of Association. The stock opened at ₹20.88 against the previous close of ₹20.77, touching an intraday high of ₹21.14.
The private lender informed exchanges on September 10 that RBI approved amendments related to nomination of two directors by Sumitomo Mitsui Banking Corporation (SMBC) and one director by on its board. This approval was required under the share purchase agreement executed on May 9, 2025, between YES Bank, SMBC and SBI.
The regulatory clearance removes a key hurdle for the transaction, though completion remains subject to other customary conditions precedent mentioned in the agreements. The bank had earlier disclosed details of the proposed board restructuring in June 2025.
Trading activity showed robust volumes with 625.90 lakh shares worth ₹131.25 crore changing hands by mid-morning. The deliverable component stood at 48.41 per cent, indicating genuine investor interest. Buy quantity exceeded sell quantity significantly, with 1.10 crore shares in buy queue against 3.22 crore in sell queue.
YES Bank, with a market capitalisation of ₹65,909.66 crore, has been trading in a 52-week range of ₹16.02 to ₹24.41. The stock’s annualised volatility stands at 42.80 per cent, reflecting the high-beta nature typical of banking stocks undergoing strategic changes.