Curious Case of Yes Bank
YESBANK fell almost 31% as it hit a low of 218.1 which is almost the same low that it hit in the end of 2016 and the starting of 2017. A strong support is placed at the same level.RBI has asked the CEO and MD of Yes Bank, Rana Kapoor , to leave his post which lead to such a big intraday fall. Yes Bank has been given time till January 2019 to find his replacement.
Has the market over-reacted ? Has this fall provided a good investment opportunity in one the best bank in the Banking Domain? Or Will this news continue the fall in Yes Bank in the coming days?
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