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Yes Bank sinks; chairman Ashok Chawla's departure heightens concerns

Updated : November 15, 2018 01:28 PM IST

Yes Bank shares fell as much as 9.1 percent to Rs 202.25, in their biggest single-day fall since October 26.
Chawla's departure exacerbates the turmoil the management is in, after the Reserve Bank of India (RBI) denied an extension to its chief executive officer Rana Kapoor for a second time last month.
The bank will name a new chairman in due course, subject to an approval from the RBI, it said late on Wednesday.
Yes Bank sinks; chairman Ashok Chawla's departure heightens concerns
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