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Yes Bank falls as RBI levies penalty on it for violating money transfer norms

Yes Bank is currently trading at Rs. 168.75, down by 6.85 points or 3.90% from its previous closing of Rs. 175.60 on the BSE.

The scrip opened at Rs. 169.50 and has touched a high and low of Rs. 171.90 and Rs. 167.30 respectively. So far 2363890 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. 213.70 and Rs. 160.00 respectively. The current market cap of the company is Rs. 39390.96 crore.

The promoters holding in the company stood at 19.80%, while Institutions and Non-Institutions held 61.31% and 18.89% respectively.

The Reserve Bank of India (RBI) has levied penalty of Rs 11.25 lakh on Yes Bank for violating money transfer norms. The RBI has identified certain violations of its circular of 2011 on Domestic Money Transfer – Relaxations and master directions issued in October 2017 on issuance and operation of prepaid payment instruments in connection with certain product features for an open loop prepaid card (co-branded) previously issued by the bank.

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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