CURRENT AFFAIRS

Detailed explanation-1: -YES Bank has tied up with Microsoft for a next generation mobile application (app). The bank will leverage Microsoft’s Azure platform to create the app, which will offer customers services such as online payments, shopping, rewards, offers, as well as customised dashboards, besides traditional banking functions.

Detailed explanation-2: -In July 2020, Yes Bank Ltd closed their follow-on public offer (FPO) with 95% subscription, driven by institutional investors. As of 28 July 2020, Yes Bank is an associate of State Bank of India which has a 30% stake in the company.

Detailed explanation-3: -Yes Bank share price target 2023 Expecting Yes Bank share price to go up to ₹50 apiece levels in next 6-9 months, Sumeet Bagadia, Executive Director at Choice Broking said, “Yes Bank shares have given two years sideways breakout at ₹18 and it is looking in uptrend in near term.

Detailed explanation-4: -Its Q3 business update are also strong and it has managed to improved its loans and advances figures during October to December 2022 quarter. Ravi Singhal said that any dip in Yes Bank shares should be seen as buying opportunity till it is trading above ₹17 apiece levels.