Yes Bank witnessed a rise in share prices on Wednesday after the bank has received ratings upgrade from ICRA for its various long term debt programmes, with the lower tier II bonds of the bank upgraded from AA (stable) to AA+ (stable). The rating committee of ICRA after giving due consideration to Yes Bank's financial performance and track record has upgraded Yes Bank's long-term debt programmes ratings.

The rating upgrades factor in Yes Bank's continued robust operating performance with its ability to maintain strong asset quality indicators through cycles, improving CASA base with increasing granularity in the liability franchise.

Shares of the bank are trading at Rs 587.65, up Rs 11.15, or 1.93% at the Bombay Stock Exchange (BSE) on Wednesday at 11:49 a.m.

The scrip has touched an intra-day high of Rs 593 and low of Rs 571.65. The total volume of shares traded at the BSE is 211,843.