Category: Banking

Yes Bank sinks on management woes, IL&FS exposure

Uncertainty around the succession plans for Yes Bank Ltd’s chief executive and exposure to debt-laden Infrastructure Leasing and Financial Services (IL&FS) sent the lender’s stock to a four-week low on Friday, a day after it reported a weaker-than-expected quarterly profit. Yes Bank shares plunged 15 percent to 168.60 […]