Yes Bank shares continued their slide by 2 per cent on Friday and declined over 14 per cent in the last 10 trading sessions from the level of Rs 23.27 on June 03.
Yes Bank Ltd shares continued their slide by 2 per cent on Friday and declined over 14 per cent in the last 10 trading sessions. However, the Reserve Bank of India (RBI) has extended the tenure of Prashant Kumar as the Managing Director and CEO of Yes Bank, according to an exchange filing.
“We wish to inform that RBI vide its letter dated June 12, 2025 has approved the extension of the tenure of appointment of Shri Prashant Kumar as Managing Director and CEO for a period of six months from October 6, 2025 or till the appointment of a new Managing Director and CEO/successor, whichever is earlier,” the filing said.
On Friday, Yes Bank shares fell 2.20 per cent below the Rs 20 mark to Rs 19.97, taking its total market capitalisation below Rs 63,000 crore. On Thursday, the stock closed at Rs 20.42. It has fallen over 14 per cent in the last 10 days from Rs 23.27 on June 2. They are selling over 413 crore shares to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) at Rs 21.50 per share for Rs 13,482 crore.
Yes Bank shares fell after CA Basque Investments cut stake by 2.62 per cent through open market transactions. The bank plans to raise Rs 16,000 crore through equity and debt instruments.
Yes Bank while addressing media reports said that SMBC is seeking approval from the Reserve Bank of India (RBI) to operate a wholly-owned subsidiary. Yes Bank clarified that it is not aware of discussions related to the matters mentioned in the article.
