Yes Bank starts 2021 on a positive note

Yes Bank starts 2021 on a positive note

Private sector lender Yes Bank stock registered early gains for the trading session but during the afternoon trade, the stock was trading just one percent higher compared to its previous close. Yes Bank has been among the most traded stocks on both exchanges and investors feel that this troubled private sector lender could start 2021 on a positive note.

Yes Bank stock is trading above its 50-day and 100-day DMA and we can expect the stock to witness further strength.

Yes Bank suffered a major blow to its valuations in 2020 but with new management team, the private sector lender is looking forward to a stable future. Yes Bank CEO Prashant Kumar has made it his mission to improve consumer confidence in the bank.

Yes Bank is also looking forward to improve its retail loan book. The bank recently signed up with Salesforce to improve its lending process.