Year to date, the Yes Bank stock has fallen over 34%. The bank’s stock has plunged 49%, eroding the lender’s market capitalization by nearly 50% from Rs. Yes Bank on 25 September sought more time for Kapoor. “Uncertainty over approvals from the RBI for both MD & CEO and EDs will keep the near-term stock performance muted,” said Prabhudas Lilladher in a note. The board also decided to promote Rajat Monga and Pralay Mondal as executive directors, subject to approval from the RBI.

Source: Mint September 27, 2018 09:19 UTC