Yes Bank announced that Brickwork Ratings has upgraded ratings on Tier I subordinated perpetual Bonds or Basel II to BWR BB + which earlier was BWRD. The rating upgrade was a result of improvement in capitalisation ratios, strong shareholder base and experienced board members. Shares of Yes Bank were fixed at 10% upper circuit for the second consecutive day. On Wednesday the shares rose around 9.9% on BSE. As per AMFI reports, shares owill be included in the large-cap category which till date are clubbed in the mid-cap category.
Shares of Yes Bank lock 10% upper circuit
