YES Bank falls over 14% in two days as Moody's downgrades bank's rating

The stock slipped 12% to Rs 162 on Wednesday, extending its 2.5% decline in the previous session on BSE in an otherwise firm market.

Shares of YES Bank ended 12% lower at Rs 162 apiece on  Wednesday, extending their 2.5% fall in the previous session on the BSE in an otherwise firm market, after the rating agency Moody's downgraded bank's rating and changed its outlook for the private lender from stable to negative.

In past 10 trading days, YES Bank has underperformed the market by falling 23%, after the resignation of various members of the bank's board of directors. In comparison, the S&P BSE Sensex was up 1.5% during the same period. The stock is trading close to its 52-week low price of Rs