Investors jittery about Yes Bank’s high holding of pledged shares
Since news of suspect transactions at borrower CG Power emerged, Yes Bank’s shares have shed 26.6%
Yes Bank held pledged shares of just one firm at the start of 2014. As of 19 Aug, it held such shares across 21 firms
Mumbai: Yes Bank Ltd’s surging stock of pledged promoter shares has left investors anxious, as defaults and frauds at some of its largest borrowers have driven the lender’s shares to multi-year lows.