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YES Bank stock falls 15% as investors worry over HDIL, DHFL exposure

According to a report, YES Bank had an exposure of Rs 3,700 crore to DHFL - which has also defaulted on its loans

YES Bank Photo: Reuters
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Photo: Reuters

Dev Chatterjee Mumbai
Indian lenders, including YES Bank, may have to wait longer for any debt resolution on their exposure to the beleaguered real estate company Housing Development & Infrastructure (HDIL), believe experts. This is due to serious charges of fraud and malfeasance faced by Punjab and Maharashtra Co-operative Bank (PMC Bank), which lent Rs 6,500 crore to HDIL and failed to recover its dues.

On Monday, YES Bank’s shares fell by 15 per cent to Rs 41.45 a share as investors worried over the bank’s exposure to both HDIL and Dewan Housing Finance Corporation (DHFL).

According to a report by brokerage firm

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First Published: Sep 30 2019 | 8:37 PM IST

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