The developments since 19 November have knocked off about 34,500 crore ($4.95 billion) from Yes Bank market capitalization
Bangaluru: Yes Bank Ltd, India’s fifth largest private sector lender by assets, has had a rough ride since the Reserve Bank of India trimmed CEO Rana Kapoor term in September. The tiff with RBI has caused several top executives to exit Yes Bank’s board, and prompted rating cuts. The move by the central bank, which has already clamped down on the financial sector due to rising levels of bad loans, has also hit Yes Bank share price hard.
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