STOCK IN NEWS - YESBANK

Yes Bank Ltd has lowered interest rates on savings accounts by up to 4%, joining the bandwagon of private sector lenders aiming to rein in deposit costs and bolster margins. The move, announced during the bank’s earnings call on Saturday, is part of a wider effort to improve profitability while maintaining a healthy CASA (current account and savings account) ratio. Until recently, the bank was offering an interest rate of 7% on savings balances above ₹10 lakh—one of the most generous in the market. Now, balances between ₹10 lakh and ₹25 lakh will earn 3.5%, ₹25 lakh to ₹50 lakh will fetch 4%, and balances above ₹50 lakh will receive 5%.