YES Bank hits over 5-year low; down 38% in one month

The stock dipped 4% to Rs 95, its lowest level since May 9, 2014 on the BSE.

Shares of YES Bank continued to reel under pressure, slipping 4 per cent to hit an over five-year low of Rs 95 on the BSE. The stock of private sector lender was trading at its lowest level since May 9, 2014.

The stock took a beating after global agencies like UBS and Moody’s Investors Service downgraded the bank’s ratings. During the past month, YES Bank's share price tanked 38 per cent, as investors’ sentiment dented due to the bank’s exposure to debt-laden companies. In comparison, the benchmark S&P BSE Sensex was down 1 per cent during the same period.

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