A 78% drop in Yes Bank Ltd shares since August has left founder and former chief executive officer Rana Kapoor some $1 billion poorer. Kapoor owns just over 10% of Yes Bank shares, including through his two holding companies, Yes Capital (India) Pvt and Morgan Credits Pvt. Kapoor declined to comment on Thursday on the effect of the share price drop on his wealth. The value of those assets could be eroded further if new analyst forecasts for Yes Bank come true. Yes Bank shares closed 13% lower at ₹85.8 on the BSE on Thursday.

Source: Mint July 18, 2019 10:41 UTC