YES Bank dips 3% ahead of board meet to consider fund raising

Earlier this month, YES Bank had raised Rs 1,930 crore through the Qualified Institution Placement (QIP) route

YES Bank shares slipped up to 3 per cent to quote at Rs 55.55 in intra-day trade on the BSE on Friday, ahead of its board meeting scheduled later in the day. The stock, which was trading in the red for the last three sessions, is likely to consider raising funds worth $1.2 billion.

The private sector lender's stock has slipped 14 per cent in the past three trading days, as compared to a 2 per cent decline in the S&P BSE Sensex in the same period. The stock was quoting close to its 52-week low of Rs 53, also