The share price of Yes Bank Ltd fell over 6 percent on Friday, extending the 7 percent loss in the Thursday’s session. On Thursday, the Yes Bank stock plunged after the its non-executive chairman Ashok Chawla submitted his resignation on Wednesday. Since two days, its share price went down by over 14 percent.
The bank has a deadline of 31 January 2019 from the RBI to find a new CEO. In September, the regulator refused to grant an extension to Rana Kapoor’s tenure as the Bank’s MD and CEO.
On Friday’s closing, share price of Yes Bank quoted both on the BSE and NSE at Rs. 192.70 down by almost 6.49%, while the benchmark BSE Sensex closed at 35457.16, up 197 points and the NSE nifty settled at 10682 up 65.50 points.