Yes Bank fell 4.85% to Rs 195.10 at 11:26 IST on BSE after the bank announced the resignation of Rentala Chandrashekhar from its board of directors.
The announcement was made after market hours yesterday, 19 November 2018.Meanwhile, the S&P BSE Sensex was down 122.75 points, or 0.34% to 35,652.13.
On the BSE, 35.23 lakh shares were traded in the counter so far compared with average daily volumes of 36.72 lakh shares in the past two weeks. The stock had hit a high of Rs 199.65 and a low of Rs 191.75 so far during the day. The stock hit a 52-week high of Rs 404 on 20 August 2018. The stock hit a 52-week low of Rs 166.15 on 28 September 2018.
Yes Bank announced that Rentala Chandrashekhar, independent director, has tendered his resignation from the bank's board, with immediate effect, due to personal reasons.
The Nomination & Remuneration Committee ('N&RC') of the bank will look for a suitable replacement in the field of Information Technology and Cyber Security, the bank added.
Yes Bank announced on Saturday, 17 November 2018, that its overall long term issuer ratings have been retained by ICRA Ratings at AA+ with Rating watch with developing Negative Implications. The agency takes note that there has been no adverse impact on Yes Bank's deposit base and liquidity profile post recent developments, the bank said in a statement.
Yes Bank's net profit fell 3.79% to Rs 964.70 crore on 43.91% rise in total income to Rs 8704.68 crore in Q2 September 2018 over Q2 September 2017.
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Yes Bank is India's fourth largest private sector bank with a pan India presence across all 29 states and 7 Union Territories of India.
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