'Strong denial of malicious rumors', says YES Bank
YES Bank was the top gainer in an otherwise bleak market today, following comments from the company and a strongly worded press release. YES Bank (which is in 23 stock screeners including the high interest payments screener) said that there has been a lot of "unfounded speculation" about the bank's board and its management stability, asset portfolio, and future growth prospects. "We strongly refute such speculations", YES Bank management said, "which we suspect is a deliberate & malicious attempt to create instability". The Bank said that they were working with the authorities on this issue. YES Bank, which is due to release its quarter results on July 17, said that its performance is sound.08-07-2019
