YES Bank hits over three-year low; tanks 43% in three weeks post Q4 results

The stock was down 5% at Rs 136, its lowest level since February 29, 2016 on the BSE.

Shares of private lender YES Bank continued to reel under pressure, hitting 38 months low of Rs 136 apiece, down 6 per cent intra-day on the BSE. The stock was trading at its lowest level since February 29, 2016.

The market price of the lender has slipped 13 per cent in past two trading sessions after the Reserve Bank of India (RBI) appointed former deputy governor Rama Subramaniam Gandhi as an additional director on the board of the private sector lender for two years.

YES Bank has tanked 43 per cent since April 26 after the bank posted its first ever