YES Bank stock falls 15% as investors worry over HDIL, DHFL exposure

According to a report, YES Bank had an exposure of Rs 3,700 crore to DHFL - which has also defaulted on its loans

Indian lenders, including YES Bank, may have to wait longer for any debt resolution on their exposure to the beleaguered real estate company Housing Development & Infrastructure (HDIL), believe experts. This is due to serious charges of fraud and malfeasance faced by Punjab and Maharashtra Co-operative Bank (PMC Bank), which lent Rs 6,500 crore to HDIL and failed to recover its dues.

On Monday, YES Bank’s shares fell by 15 per cent to Rs 41.45 a share as investors worried over the bank’s exposure to both HDIL and Dewan Housing Finance Corporation (DHFL).

According to a report by brokerage firm