Financial position sound and stable, says Yes Bank

Private lender Yes Bank on Monday said that its financial position is sound and stable and its liquidity and operating performance continue to be robust.

The bank's assertion comes after the market was abuzz about the lender's Board and management stability, asset portfolio, future growth prospects amongst other things.

"We strongly refute such speculations which we suspect is a deliberate & malicious attempt to create instability in the institution by undermining investor and client confidence," the lender said in a statement.

"We have apprised the authorities of these developments."

On the BSE, the bank's scrip gained Rs 4.90 or 5.56 per cent to Rs 93.10 from Rs 88.20. IANS