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.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more