NEW DELHI: Shares of private sector lender YES Bank tumbled over 15 per cent on Monday amid concerns over its exposure to Indiabulls Housing Finance.The news that the bank received an approval from the Reserve Bank of India ( RBI ) to raise capital could not lift the counter. The scrip settled the day at Rs 41.45 on BSE, down 15.06 per cent. The account is standard and current," Ravneet Gill, MD & CEO at YES Bank.Gill said that the recent market rumours and reports appear to have generated a lot of speculation around YES Bank. The bank will now seek necessary shareholders' consent.The bank is reeling under huge exposure to stressed assets. Last week, YES Capital, owned by Kapoor, sold 1.8 per cent shareholding in the Bank.

Source: Economic Times September 30, 2019 04:46 UTC