Business Standard

YES Bank falls 13% in three days; hits over 3-year low on BSE

Since April 26, 2019, the share price of YES Bank has slipped 44 per cent from Rs 237 apiece to little over Rs 100, after the bank had posted its first-ever net loss of Rs 1,506 crore for Q4FY19.

YES Bank Photo: Reuters
Premium

YES Bank Photo: Reuters

SI Reporter Mumbai
Shares of YES Bank were trading lower for the third straight session in the afternoon trade on Monday. The stock was down 5 per cent at Rs 133 per share, on concerns of eroding balance sheet strength, rising non-performing assets (NPAs), capital raising concerns and weak visibility of profits.

YES Bank shares, which hit a three-year low on the BSE, was trading at its lowest level since February 29, 2016. In the past three trading sessions, it has fallen 12 per cent as compared to a 1 per cent decline in the S&P BSE Sensex. On the NSE, however, YES

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in