Yes Bank stock tanks 9% after 80% drop in Q3 profit
Shares of Yes Bank dropped 9% to ₹17.85 apiece on the National Stock Exchange (NSE).
Shares of Yes Bank dropped 9% to ₹17.85 apiece on the National Stock Exchange (NSE).
The private lender has completed the sale of ₹48,000 crore stressed asset loan portfolio of the bank to JC Flowers Asset Reconstruction company.
The private lender says it has decided that the JC Flowers ARC will be the base bidder for a proposed sale of an identified stressed loan portfolio of the bank.