Yes Bank shares continue to fall for fourth straight session; plunge 7% to Rs 338 on BSE

In four trading sessions, the shares of Yes Bank have lost nearly 12 percent

Press Trust of India August 31, 2018 14:01:26 IST
Yes Bank shares continue to fall for fourth straight session; plunge 7% to Rs 338 on BSE

New Delhi: Shares of Yes Bank continued to fall for the fourth straight session on Friday, plunging 7 percent.

The stock dived 6.6 percent to Rs 338 on BSE.

At NSE, shares of the company tumbled 7 percent to Rs 336.25.

Yes Bank shares continue to fall for fourth straight session plunge 7 to Rs 338 on BSE

Yes Bank. Representational image. Reuters.

The stock was the biggest loser among the blue-chips on both the key indices during the morning trade.

In four trading sessions, the stock has lost nearly 12 percent.

Yes Bank on Thursday said it has received RBI's approval for the continuance of Rana Kapoor as MD and CEO of the company till further notice from the central bank.

In June this year, Yes Bank's shareholders had approved the re-appointment of Kapoor as CEO and MD for three years, subject to final approval from the Reserve Bank.

"We wish to inform you that the bank has received RBI's approval that Rana Kapoor may continue as Managing Director & CEO of YES Bank till further notice from RBI," the bank said in a regulatory filing.

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