Yes Bank, Union Bank of India to join Nifty Bank from Dec 31
Yes Bank and Union Bank of India will join the Nifty Bank on December 31, taking the total number of constituents on the index to 14. The move follows a change in methodology. According to Nuvama analysts, Yes Bank could see an inflow of around ₹1,200 crore following the inclusion, while Union Bank could attract ₹980 crore.