On new MD and CEO appointment, YES Bank
further said the 'Search & Selection Committee' (SSC) and the Board of Directors are on track to complete the said process within the stipulated timelines of the Reserve Bank of India.
The stock has taken a heavy beating since September when the RBI trimmed MD & CEO Rana Kapoor's tenure till January 31, 2019. Shares of the bank have fallen 42 per cent since September 10 against around 6 per cent decline in the S&P BSE Sensex.
On Thursday, the stock slipped 10 per cent from its early morning high. It climbed 4 per cent to Rs 194 in the intra-day trade. The stock has rallied 18 per cent in the past three trading days, ahead of board meeting. Shares of the bank settled at Rs 174.70 apiece on BSE, down 6.48 per cent.