YES Bank slips 15% to end at 10-year low

Shares of YES Bank declined nearly 15% to hit a fresh 52-week low of Rs 41.5 on the Bombay Stock Exchange on Monday even as the private lender said it has received approval from the Reserve Bank of India (RBI) to increase its authorised share capital.

“Further to our communication dated September 25, 2019, on the captioned subject, the bank is pleased to inform you that it has received an acknowledgement from the Reserve Bank of India to go ahead with the proposed increase in its authorized share capital,” YES Bank said in a exchange filing.

The private lender will seek necessary shareholders’ consent and proceed expeditiously with its capital raise, the filing added.

YES Bank slips 15% to end at 10-year low

Yes Bank shares tank nearly 14% despite RBI’s nod to raise capital

YES Bank continues to bleed, slips 15% to hit a 10-year low

YES Bank share hits fresh 52-week low despite RBI nod to raise authorised share capital

Yes Bank share price plunges to 10-year low; firm gets RBI nod to raise capital



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