YES Bank continues to bleed, slips 15% to hit a 10-year low

Thus far in financial year 2019-20 (FY20), the share price of YES Bank has plunged 85 per cent, against a per cent fall in the Sensex.

Shares of YES Bank continued to reel under pressure and was trading lower for the fourth straight day in the intra-day deals on Monday, hitting a 10-year low of Rs 41.50, down 15 per cent on the BSE. The stock of private sector lender was trading at its lowest level since October 9, 2009.

In the past four days, the share price of YES Bank tanked 26 per cent after YES Capital, one of the promoter entities of the private lender, sold nearly 2 per cent stake in the bank. In comparison, the S&P BSE Sensex was down 1