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Yes Bank plunges to 29-month low as management crisis drags on

Updated : September 28, 2018 01:47 PM IST

The bank said earlier this week that it would seek the Reserve Bank of India's (RBI) approval to extend CEO Rana Kapoor's term beyond January as it needs more time to identify and groom a successor.
Shares of the country's fifth-largest private sector bank by assets fell as much as 9.6 percent on Friday to 183.65 rupees, their lowest since May 9, 2016.
More than 77 million shares had exchanged hands by 0758 GMT, 1.8 times their 30-day average of 42.7 million shares.
Yes Bank plunges to 29-month low as management crisis drags on

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