Yes Bank loses $3.1 billion in market value after RBI curtails CEO's term

Private sector lender Yes Bank Ltd's shares tumbled nearly a third on Friday, wiping as much as $3.1 billion off its market value, after the Reserve Bank of India (RBI) reduced charismatic CEO Rana Kapoor's term, creating uncertainty about its outlook.

from Reuters: Top News https://ift.tt/2MQ6luh
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