Shares Of Yes Bank Fell Almost 7 Percent On Friday Even As Clarity Emerged

Shares of Yes Bank fell almost 7 percent on Friday even as clarity emerged on its MD Rana Kapoor’s reappointment. Late on Thursday, the bank told exchanges that the Reserve Bank of India had approved the continuance of Kapoor to lead the bank till further notice. 

Analysts are wary of the uncertainty around this appointment too. The stock touched an intraday high of Rs 350.00 and an intraday low of Rs 338.00.

In June this year, Yes Bank's shareholders had approved the re-appointment of Rana Kapoor as the chief executive and managing director for three years, subject to final approval from the Reserve Bank of India.

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