Private banking major Yes Bank has planned to sell its AMC unit to raise funds and concentrate on its core banking business.

Yes Bank has reported 11.4 percent quarter-to-quarter increase in deposits for the quarter ending June 2020.

Troubled private sector lender Yes Bank stock started its downward journey the moment management of the bank announced pricing for follow-on public offer.

Yes Bank opened on lower circuit yesterday as the follow-on public offer stocks were listed on the exchanges for trade.

Yes Bank opened at lower circuit for today’s trading session and the massive sales orders will ensure that the stock ends the day at Rs 12.30 on NSE.

Troubled private sector lender Yes Bank stock declined by 10 percent during early trade as the shares issued by the bank under follow-on public offer were listed on the markets.