New Delhi, Sept. 10 -- Yes Bank share price gained nearly 3% on Wednesday amid strong buying momentum in the broader Indian stock market today. Yes Bank shares rallied as much as 2.80% to Rs.20.92 apiece on the BSE.

Yes Bank informed that it has received approval from the Reserve Bank of India (RBI) for the appointment of two nominee directors by Sumitomo Mitsui Banking Corporation (SMBC) and one by the State Bank of India (SBI) to join the bank's board of directors.

These appointments will be done after the completion of the transactions contemplated under the special purchase agreement (SPA) and other relevant agreements.

"Accordingly, the approval required from the RBI for the amendment to the Articles of the Bank has been received,...