INSUBCONTINENT EXCLUSIVE:
Mumbai: Jittery investors rushed to dump Yes Bank shares on Friday after the Reserve Bank of India said
founder Rana Kapoor could only
stay on as managing director and CEO until the end of January next year.
Yes Bank plunged 36% before recouping some losses to end at ?227.05
his presence was deemed essential to raise capital for growth
move on Wednesday came after it determined that Yes Bank had understated bad loans
through 10-year bonds offering 9.11% last Monday
Buyers are said to have included the Life Insurance Corp
