After NSE excludes crisis-hit Yes Bank from all indices, BSE to follow suit from 20 March

The decision has been taken in light of the recent developments relating to Yes Bank Limited, in particular the Gazette notification dated 13 March, 2020,

Press Trust of India March 17, 2020 07:25:27 IST
After NSE excludes crisis-hit Yes Bank from all indices, BSE to follow suit from 20 March

New Delhi: Crisis-hit Yes Bank will get excluded from all indices of the leading stock exchange BSE with effect from 20 March, 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, 20 March.

After NSE excludes crisishit Yes Bank from all indices BSE to follow suit from 20 March

Representational image. Reuters

The decision has been taken in light of the recent developments relating to Yes Bank Limited, in particular the Gazette notification dated 13 March, 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, 20 March, 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.

Updated Date:

also read

BSE Sensex crosses 60K-mark for the third straight season in early trade; equity benchmarks make a positive start
India

BSE Sensex crosses 60K-mark for the third straight season in early trade; equity benchmarks make a positive start

From the 30-share Sensex pack, Tech Mahindra, Infosys, Bajaj Finserv, Mahindra & Mahindra, Tata Steel and ICICI Bank were leading the gainers' chart

Sensex climbs 672 points as markets remain firm in early trade
India

Sensex climbs 672 points as markets remain firm in early trade

All the 30-share Sensex pack of firms were trading in the green in early trade, with IndusInd Bank, Bajaj Finserv, Bajaj Finance, Axis Bank, ICICI Bank, Larsen & Toubro and Tata Steel emerging as major winners

Nirmala Sitharaman asks women entrepreneurs to take up leadership roles
Business

Nirmala Sitharaman asks women entrepreneurs to take up leadership roles

According to data, the average number of women on boards of domestic companies was 1.03, and 58 per cent of them are independent directors, while 42 per cent are non-independent, she said