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

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 …