YES Bank falls 14% in two days following Ashok Chawla's resignation

The stock is down 7% at Rs 191, extending its previous day's 7% fall after former SBI chairman O P Bhatt resigned from the panel set up by Yes Bank to find a successor to its MD and CEO Rana Kapoor

Shares of YES Bank continued to remain under pressure, slipping 7% to Rs 191 on Friday, extending their 7% fall on Thursday on the BSE, after the private sector lender said that its non-executive Chairman Ashok Chawla has resigned. The bank had also said that Independent Director Vasant Gujarathi too quit citing personal commitments.

On Thursday after market hours, the bank said that the former State Bank of India’s (SBI) chairman O P Bhatt has resigned from the panel set up by Yes Bank to find a successor to its MD and CEO Rana Kapoor.

"Yes Bank announces