(Image source from: zeenews.india.com)

The shares of the ailing private lender Yes Bank has been trading higher on Wednesday as the Yes Bank is set to resume the services starting evening.

The shares of Yes Bank which has surged significantly on Tuesday has failed in holding gains due to the volatile market conditions but a substantial recovery has been made by the Yes Bank over the past two days in the market, compared to the time when it has been placed under a moratorium for thirty days.

However, the revival plan for the Yes Bank has been finalized in a quick time as it has been promised by the Reserve Bank of India. When the State Bank of India (SBI) along with a group of investigators had agreed in investing in the ailing bank which is the Yes Bank shares have crawled up on the stock market. The stocks of the Yes Bank have surged again with the liquidity assurance of Reserve Bank of India.

Prashant Kumar who is the Chief Executive Officer designate of the Yes Bank has announced earlier that there are no worries on the liquidity front at the moment and that the services would be restored from 6 in the evening.

The Chief Executive Officer designate of Yes Bank has also said that the complete normalcy would be restored and he has also added that the branches of the Yes Bank would remain open during the upcoming weekend if there exists too much rush, as said by Prashant Kumar on Tuesday.

However, the4 shares of Yes Bank could face hiccups on the stock markets tomorrow as a withdrawal of savings or cash from the bank might be done by a large number of account holders or the depositors of the Yes Bank.

Although the ailing bank which is the Yes Bank has been under pressure for a few years, it would now be remained to see if the bank would manage in getting back on its heels under Prashant Kumar’s watch.

By Shrithika Kushangi