CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank became the first Indian company to have over 50 lakh shareholders?
A
Indian Bank
B
UCO Bank
C
Axis Bank
D
Yes Bank
Explanation: 

Detailed explanation-1: -Yes Bank not just becomes the first company but also the first bank in India to be owned by more than 50 lakh shareholders. This is despite Yes Bank’s share price falling by at least 94.5% in five years.

Detailed explanation-2: -Yes Bank, the private sector lender, has made history by becoming the first Indian company to have over 50 lakh shareholders. According to the bank’s shareholding pattern as of March-end, the number of shareholders had increased to 50.6 lakh, all of whom were public shareholders.

Detailed explanation-3: -The highest price of Yes Bank Ltd stock is ₹24.75 in the last 52-week. What is the share price of Yes Bank Ltd (YESBANK) today on NSE?

Detailed explanation-4: -Tata Power has 38.5 lakh shareholders, followed by Reliance Industries with 33.6 lakh. Private sector lender YES Bank has become the first Indian company to have over 50 lakh shareholders, according to the shareholding pattern of the bank on March-end.

There is 1 question to complete.