Home / BUSINESS / Yes Bank gains on launching YES SCALE Bizconnect for MSME Associations

Yes Bank gains on launching YES SCALE Bizconnect for MSME Associations

Yes Bank is currently trading at Rs. 39.75, up by 0.15 points or 0.38% from its previous closing of Rs. 39.60 on the BSE.

The scrip opened at Rs. 39.95 and has touched a high and low of Rs. 40.60 and Rs. 38.80 respectively. So far 5156037 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 285.90 on 03-Apr-2019 and a 52 week low of Rs. 29.05 on 01-Oct-2019.

Last one week high and low of the scrip stood at Rs. 46.70 and Rs. 37.00 respectively. The current market cap of the company is Rs. 10175.83 crore.

The promoters holding in the company stood at 19.78%, while Institutions and Non-Institutions held 50.72% and 29.49% respectively.

YES SCALE, YES Bank’s innovation program, has launched YES SCALE Bizconnect, a first-of-its-kind app by a Bank, designed to digitize operations of MSME Associations through curated technology and banking solutions. Bizconnect – an industry first initiative, is a comprehensive solution for MSME associations to connect and manage their entire member base, share information and industry specific knowledge as well as enable members to trade and transact among each other through a specially designed e-marketplace.

The app seamlessly dovetails all banking transactions of the association ranging from member fee collections to sponsorships, event and symposium bookings entirely on the platform. The app will also serve as a virtual knowledge platform with industry specific reports, articles and expert interviews curated based on interests of individual members.

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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