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Yes Bank Recovers More Than 10% After 34% Crash Post RBI Move To Trim Rana Kapoor’s Term

Shares of private lender Yes Bank recovered more than 10 percent after it registered a fall of more than 30 percent in the early trade on Friday after Reserve Bank of India (RBI) cut the tenor of Rana Kapoor, a promoter, chief executive and managing director, till January 31, 2019.

The share touched a 52-week low of Rs 210.10.

The board of directors of the bank are scheduled to meet on September 25, 2018 to decide on the future course of action.

Also, Moody’s Investors Service on Thursday affirmed its ratings on the bank. The rating agency has maintained the outlook on the ratings as stable.
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Yes Bank Recovers More Than 10% After 34% Crash Post RBI Move To Trim Rana Kapoor’s Term

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