YES Bank gains 5% as bank names experts to look for new managing director

Shares of YES Bank have moved higher by 5.5% to Rs 218 on the BSE after the board of private sector lender inducted TS Vijayan, former chairman of Insurance Regulatory and Development Authority of India (IRDAI) and Life Insurance Corporation of India (LIC), and OP Bhatt, former CMD of State Bank of India (SBI), as external experts in the committee.

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