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Why has YES Bank’s share price halved in a month?

Nupur Anand
Why has YES Bank’s share price halved in a month?

Yes Bank, India’s fourth largest private lender and a stock market darling for years, is now being shunned by investors. Trouble began around September last year when the Reserve Bank of India (RBI) asked co-founder Rana Kapoor, the bank’s CEO since 2004, to step down. On March 01 this year, Ravneet Gill, the former India head of Deutsche Bank, took charge as the first CEO from outside the founding family.