YES Bank to be removed from all BSE and NSE indices from March 20

Topics BSE | NSE | YES Bank Crisis

The NSE has also announced that YES Bank will be excluded from all its indices. Photo: Shutterstock

Crisis-hit YES Bank will get excluded from all indices of the leading stock exchange BSE with effect from March 20, the entity handling these indices said on Monday.

In a circular sent to all its members, the BSE said the BSE S&P Index Committee has decided to remove YES Bank from all the S&P BSE indices with effect from this Friday, March 20.

The decision has been taken in light of the recent developments relating to YES Bank Limited, in particular the Gazette notification dated March 13, 2020, on 'YES Bank Limited Reconstruction Scheme, 2020' and the potential impact on the ability of market participants to fully replicate S&P BSE Indices, it added.

"Effective at the open of Friday, March 20, 2020, YES Bank Limited will be removed from all S&P BSE indices," it said. These indices include S&P BSE AllCap, S&P BSE LargeCap, S&P BSE LargeMidCap, S&P BSE Finance, S&P BSE BANKEX, S&P BSE CARBONEX and S&P BSE Private Banks Index (INR).

These indices also include S&P BSE Enhanced Value Index, S&P BSE Dividend Stability Index, S&P BSE Diversified Financials Revenue Growth Index (INR), S&P BSE 100 ESG Index (INR), S&P BSE 500, S&P BSE 200, S&P BSE 100, S&P BSE SENSEX Next 50, S&P BSE 100 LargeCap TMC (INR), S&P BSE 250 LargeMidCap Index (INR) and E&P BSE SENSEX Next 50 TMC (INR).

The NSE has also announced that YES Bank will be excluded from all its indices.



Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel