The stock, however, managed to restrict the fall later, trimming most of its sharp early losses and ended at Rs 160.45, down 0.77 per cent on BSE. Intra-day, it slumped 9 per cent to Rs 147 -- its 52-week low.
At NSE, shares of the company dropped 9.46 per cent to Rs 146.75 -- its one year low during the trade. It, however, settled 1 per cent lower at Rs 160.45.
After Moody's downgraded it citing poor corporate governance, its domestic arm Icra Wednesday followed suit, downgrading Yes Bank's long-term ratings.
"The rating downgrade considers the series of resignations from the board of directors, which raises concerns on corporate governance at the bank," Icra said in a note Wednesday.
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