Yes Bank tanks after RBI trims CEO Rana Kapoor's term

Reuters 

(Reuters) - Shares of Ltd plummeted on Friday and were on track for their worst day since market debut after the curtailed Kapoor's term until Jan. 31, 2019.

The stock plunged as much as 31.7 percent to 287.30 rupees, with more than 105 million shares changing hands - over 5 times their 30-day average volume.

RBI and did not immediately respond to request for comment.

(Reporting by Sharnya G in Bengaluru; Editing by Gopakumar Warrier)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 21 2018. 10:04 IST