Stock strategy: YES Bank tanks 34% as RBI limits Rana Kapoor's tenure

Thus far in the calendar year 2018 (CY18), YES Bank has underperformed the markets by falling nearly 1.5 per cent, as compared to 0.5 per cent fall in the S&P BSE Sensex and the S&P BSE Bankex

Shares of YES Bank tanked 34 per cent in trade on Friday to hit an intra-day low of Rs 210 levels on the Bombay Stock Exchange (BSE), after the Reserve Bank of India (RBI) denied an extension to Rana Kapoor as the bank’s managing director and chief executive officer (CEO). The stock ended 29 per cent lower at Rs 227 levels.

Thus far in the calendar year 2018 (CY18), YES Bank has underperformed the markets by falling nearly 1.5 per cent (till Wednesday), as compared to 0.5 per cent fall in the S&P BSE Sensex and the S&P BSE Bankex