Business Standard

YES Bank stock crash: Retail investors have taken a Rs 3,300-crore hit

For LIC, the mark-to-market hit could have been over Rs 600 crore; FIIs' holding down by Rs 1,162 crore

YES Bank
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YES Bank. Photo: Shutterstock

Jash Kriplani Mumbai
Retail investors are seeing a hit of more than Rs 3,346 crore on their investments in YES Bank. In the December quarter, retail investors were the largest shareholders in YES Bank, controlling a 43 per cent stake in the bank.

At the end of the December quarter, the number of retail shareholders in YES Bank stood at 1.6 million, higher by 270,000 over the previous quarter. According to market participants, the low price of the YES Bank stock attracted retail investors, as they expected sharp gains from a revival of the bank.

Retail investors are those investors who hold up

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