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YES Bank extends fall; stock down 11% in two days

The stock was down 5% to Rs 196 on Tuesday, falling 11% in past days from Friday's closing level of Rs 220 on the BSE.

YES Bank Photo: Reuters
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YES Bank Photo: Reuters

SI Reporter Mumbai
Shares of YES Bank were trading 5 per cent lower at Rs 196 on Tuesday, falling 11 per cent from Friday’s closing level of Rs 220 on the BSE.

The stock has erased its almost entire 12 per cent gain recorded in two days after the private sector lender on Thursday, January 24, 2019 said that it has received the Reserve Bank of India (RBI) approval to select Ravneet Singh Gill as its new managing director and chief executive officer (MD & CEO). He is set to join on or before March 1, 2019.

“The announcement of Ravneet

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First Published: Jan 29 2019 | 2:31 PM IST

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