YES Bank declines for second straight day, slips 17% on heavy volumes

The bank on Friday fixed floor price for its FPO at Rs 12 per share and a cap of Rs 13 per unit

Shares of YES Bank extended their decline itnto second straight day, down 17 per cent to Rs 21.20 in the intra-day trade, on the BSE on Monday on the back of heavy volumes after the bank on Friday fixed floor price for its proposed follow-on public offer (FPO) at Rs 12 per share and a cap of Rs 13 per unit. In the past two trading days, the stock has tanked 20 per cent from a level of Rs 26.65 on the BSE.

At 10:15 am, YES Bank was trading 11 per cent lower at Rs 22.75 on the BSE, as