Rating agency Moody's today said Yes Bank's baseline credit assessment (BCA) of "Ba1" reflects potential weaknesses in funding and liquidity profile.

The private sector lender has maintained an adequate loans to customer deposit ratio of 95% at end-March 2016. But higher reliance on corporate deposits relative to its peers creates risks in volatile markets.

Shares of three private sector banks – HDFC Bank, IndusInd Bank and YES Bank – have hit their respective lifetime highs on expectation of robust earnings for the first quarter (April –June) of the current financial year 2016-17.

YES Bank (up 2.5% at Rs 1,147), HDFC Bank (2% at Rs 1,196) and IndusInd Bank (up 1.8% at Rs 1,147) were up more than 1% each, touching their respective record highs on the BSE in intra-day trade. At 10:24 AM, the S&P BSE Sensex was up 1.7% or 472 points at 27,598.

India could benefit from Brexit and delay in hike in the US interest rate over the next six months, YES Bank Chief Executive Officer Rana Kapoor has said.

"In the next 1-6 months, India could very well be a significant beneficiary of this extraordinary event, given Eurozone pain points, delayed hike in US interest rates and with India increasingly standing out as the must invest destination for strategic and financial investors.

YES Bank has moved higher to its record high of Rs 1,092 on the BSE in an otherwise subdued market, after Nomura maintained a ‘buy’ rating on the stock with revised target price of Rs 1,300 from its earlier target of Rs 1,125.

YES Bank’s asset quality, according to the research firm, has held up better than most corporate banks.

With plans to raise $1 billion from international markets, private sector lender YES Bank is eying to setup an international branch here as a springboard to tap the Asian markets, its founder has said.

YES Bank has become the first Indian bank to receive government approval for a fully fungible composite foreign investment limit of 74%. Its Board of Directors has approved to raise an additional $1 billion of Equity Capital following the $500 million raised in May 2014.

Yes Bank has gained shareholder approval to raise up to $1 billion of equity capital. That entails a large dilution of 15%. We wouldn’t be too worried and would encourage investors to participate in the capital raising which is most likely to be in the form of a qualified institutional placement (QIP), in our view. We build in the capital raising and revise our EPS estimates. We increase our TP by 17% to R1,325 driven by the increase in BVPS due to the capital raise.

Shares of Yes Bank rose on Friday after the bank said it has acquired an 8 per cent stake in Receivables Exchange of India (RXIL).

The stock closed 2.11 per cent up at Rs 1062.25 on BSE. On NSE, it jumped 2.30 per cent to Rs 1,064.00.

Private sector lender Yes Bank on Wednesday said it will spend Rs 250 crore towards livelihood and water security and environment sustainability over four years.

The fund would be spend on these key focus areas by 2020 through its focused and intensified Corporate social responsibility (CSR) actions, Yes Bank said in a statement.

Infosys, Asian Paints, Bajaj Auto, Hero MotoCorp, IndusInd Bank, Yes Bank, Kotak Mahindra Bank and Zee Entertainment Enterprises are eight stocks from the Nifty 50 index touching their respective 52-week highs on the National Stock Exchange (NSE) in intra-day trade today.

Of these, five stocks - Infosys, Asian Paints, IndusInd Bank, Kotak Mahindra Bank and Yes Bank are quoting at their lifetime highs on the NSE.

YES Bank shares hit their new all-time high in Thursday’s trade after the Cabinet Committee on Economic Affairs on Wednesday approved YES Bank’s proposal to increase foreign investment limit in the bank to 74 per cent, entailing FDI inflows of $1 billion (Rs 6,885 crore).

At 10.09 am, shares of YES Bank were trading 1.03 per cent up at Rs 1006.50. The scrip opened the day at Rs 996 and has touched a new all-time high of Rs 1009.60 in trade.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.