Shares of Yes Bank plunge by 55%, NSE cancels future and options contracts from May 29
Shortpedia
Content Team
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Barely a day after the Reserve Bank of India said it is superseding the board of Yes Bank with immediate effect, the shares of the troubled private sector lender fell by 55 per cent. Meanwhile, the National Stock Exchange said in a circular that no future and options contracts will be available in Yes Bank for trading in the equity derivative segment from May 29. RBI restricted withdrawal from capital-starved bank at Rs 50,000.
