INSUBCONTINENT EXCLUSIVE:
Yes Bank shares jumped as much as 9 per cent on Monday and were the biggest percentage gainer on both benchmark indices, a day after the
private sector lender said it had filed a complaint against fake news and rumours about its financial health
Yes Bank shares climbed as much as 9.02 per cent to Rs 45.95 apiece on the Bombay Stock Exchange (BSE) on Monday
Police and Cyber Cell against the dissemination of fake news and spread of rumors about its financial health on WhatsApp and other social
media platforms.Yes Bank said it had requested the authorities to form a multi-disciplinary team of experts for detecting the origin of the
fake news and assess the short-sell positions, held either directly or indirectly by such accused persons."Over the past few days some
miscreants have been spreading false information and malicious rumors about Yes Bank on WhatsApp and other social media platforms to create
panic and fear in the mind of its depositors
The messages attempt to portray the Bank in poor light and are intended to tarnish the image of the Bank in the eyes of its depositors,
stakeholders and the general public," said Yes Bank.Yes Bank further said it remains committed to protecting the interest of its valued
stakeholders and "promises to take strong steps against the fear/panic mongers"
Yes bank also appealed to its trusted patrons to be cautious of false information circulating against it and assured that its financial
position continues to be "absolutely safe and sound".Yes Bank CEO Ravneet Gill had said last week that the private sector lender was on a
at Rs 43.45, outperforming the benchmark Sensex index which was up 0.19 per cent
Yes Bank had fallen on three out of four sessions last week, registering a weekly decline of 13.63 per cent.Get Breaking news, live
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