YES Bank slips to 10th position in league table for most-valued banks

At the start of the year, YES Bank was ranked 7th

Private sector lender YES Bank has slipped to the 10th position in the league table for most-valued banks. At the start of the year, the bank was ranked 7th. 

However, state-owned lenders Punjab National Bank (PNB), and Bank of Baroda (BoB) have managed to overtake YES Bank, which shares tanked nearly 30 per cent on April 30 after posting an unexpected loss for the March quarter. 

Shares of the lender corrected another 5.3 per cent on Monday, most among Sensex components, after ratings agency Icra downgraded the bank’s long-term ratings. 

Currently, YES Bank is valued at Rs 38,516 crore, down