INSUBCONTINENT EXCLUSIVE:
MUMBAI: Uncertainty over another three-year term for Rana Kapoor as the CEO of YES Bank spooked investors
YES Bank shares fell 5.1 per cent to Rs 343.40 after the bank said late Thursday that Reserve Bank of India has given permission for him to
continue only until further orders.
Brokerages have not changed their ratings in general on the bank but are factoring in volatility till
But the board recently wrote to the RBI clarifying on issues that the regulator had raised in regard to another term for Kapoor.
Analysts
said it is safe to wait and watch for further clarity from the banking regulator, but advised investors to be cautious on buying the
stock.
Macquarie, a brokerage, believes that Rs 300 could be the bottom
Despite how institutionalised YES Bank has become in processes management strength, the market sometimes does not differentiate between the
Accordingly, a last moment notification regarding no clear extension time line for the MD CEO of YES Bank creates ambiguity over the
