MSCI ESG group assigns ‘AAA’ ratings to Yes Bank
DSIJ Intelligence / 13 Dec 2016
MSCI ESG report has highlighted the key strengths of Yes Bank behind the rating upgrade. According to the report the key strengths of the bank lies in financial product safety, corporate governance and financial system instability.
Yes Bank is buzzing in bourses owing to its recent upgrade by the MSCI ESG group from AA rating to AAA rating.
MSCI ESG report has highlighted the key strengths of Yes Bank behind the rating upgrade. According to the report the key strengths of the bank lies in financial product safety, corporate governance and financial system instability.
These reasons along with any lack of significant risk from the ESG group point of view is the reason behind the upgrade.
Rana Kapoor, MD and CEO of the fifth largest private bank in India- Yes Bank, has always maintained that risk management is crucial in banking business.
The stock is trading at Rs 1,189 per share, down by Rs 2.84 per share or 0.24 per cent on an intraday basis recovering from its intraday lows of Rs 1,180 per share.
Yes Bank has been an outright outperformer by clocking almost 75 per cent returns over a one year period. Over one month since demonetisation started affecting the broader markets, Yes Bank has delivered 2.74 per cent returns.
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