Yes Bank bags 'Most Accurate Forecaster' award

Yes Bank, one of the largest private lenders in India, has been ranked first in India Economic Indicator 2016 polls conducted by Reuters. The company won Most Accurate Forecaster Award for 2016 for its forecast on the Indian economy. 

The Thomson Reuters StarMine Awards for economic data recognise the firms and forecasters who provided the most accurate predictions of economic indicators in Reuters poll. The economic award means accurate analysis of country on performance, forecasting a select group of top economic data.

In the polls, over 50 banks were given scores based on the average accuracy of their forecasts for leading economic indicators through 2016. StarMine later calculated accuracy score for every contributor to the poll, whereby the error of given forecaster was compared to that of others and the one which stood more accurate and a consistent contributor for one year was selected.

The Yes Bank stock opened flat but saw a gradual upward movement to trade at 1330 levels, with a gain of 0.9 per cent.