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  Business   Companies  21 Sep 2018  Yes Bank share tanks after RBI trims CEO Rana Kapoor's term

Yes Bank share tanks after RBI trims CEO Rana Kapoor's term

REUTERS
Published : Sep 21, 2018, 10:47 am IST
Updated : Sep 21, 2018, 10:47 am IST

The stock plunged as much as 31.7 per cent to 287.30 rupees, with more than 105 million shares changing hands.

RBI and Yes Bank did not immediately respond to request for comment.
 RBI and Yes Bank did not immediately respond to request for comment.

Shares of Yes Bank Ltd plummeted on Friday and were on track for their worst day since market debut after the Reserve Bank of India curtailed Chief Executive Officer Rana Kapoor’s term until Jan. 31, 2019.

The stock plunged as much as 31.7 per cent to 287.30 rupees, with more than 105 million shares changing hands - over 5 times their 30-day average volume.

RBI and Yes Bank did not immediately respond to request for comment.

Tags: yes bank, rbi, share, yes bank ceo, rana kapoor