Yes Bank shares rise after Q2 business update
In short
Yes Bank reported a Q2 business update showing loans and advances up 23.8% year on year to around Rs 3.1 lakh crore. Deposits also rose nearly 20%.
The shares moved up after the update. The reporting does not say what drove the growth or give more detail on the bank’s finances.
What the reporting says
Yes Bank shares rose after the lender’s Q2 business update showed loans and advances up 23.8% year on year to around Rs 3.1 lakh crore, with deposits up nearly 20%. The reporting points to continued business momentum, but it does not explain the drivers behind the growth or give a full breakdown of assets and liabilities. The stock’s immediate move reflects investor reaction to the update.
Why it matters
Yes Bank’s Q2 business update showed strong growth in loans and advances and deposits, which likely supported a positive market reaction in the stock. The update cited loans of around Rs 3.1 lakh crore and deposits rising nearly 20% year on year. CNBC TV18 also noted the shares closed at ₹20.70 on October 1, down 0.25%, highlighting that the move was intraday or short-lived. The underlying cause of the business growth was not stated.