Yes Bank shares have had a lousy run this year, losing a whopping 67% since April and underperforming benchmark indices by a massive margin.

Indeed, at the current price the stock trades at below its estimate book value for FY20. Even so, analysts are in no hurry to re-rate the stock.

Yes Bank indicated to the stock exchanges on Thursday that it has acquired shares of Eveready Industries amounting to 9.47% of the post-issue paid-up share capital after having invoked its pledged shares.

Yes Bank said it invoked the shares of Eveready Industries India following the default/breach of terms of credit facilities sanctioned by the bank to Mcleod Russel India, which is a group company of BM Khaitan Group.

New Delhi: Shares of Yes Bank dropped over 8 per cent Tuesday amid reports that a borrower defaulted on scheduled interest payments on a ₹1,200-crore loan to the private lender.

The scrip tumbled 7.60 per cent to close at ₹100.85 on the BSE. During the day, it tanked 8.47 per cent to ₹99.90.

Yes Bank shares fell as much as 4.3% to ₹98.75 on BSE today, extending their bear run after credit agency Moody's put the company under review for a downgrade. This is the first time in five years that Yes Bank share prices are down to double digits. Analysts have been downgrading Yes Bank’s stock on concerns over further deterioration in asset quality.

YES Bank, Asia’s worst-performing bank stock this quarter, plans to raise $1.2 billion over 18 months to bolster its capital buffer through a mix of public and private share sales, Chief Executive Officer (CEO) Ravneet Gill said.

Gill took over in March pledging to improve transparency after his predecessor, founder Rana Kapoor, was forced out by the Indian central bank for inadequate disclosure of stressed loans.

YES Bank on Thursday witnessed a sharp fall in its stock prices after foreign brokerage UBS cut target price.

The stock plummeted 12.96% after UBS cut price target by 47%, as it expects more stress on the bank's asset quality.

Shares of YES Bank hit a 40-month low of Rs 126, down 6 per cent on the BSE in the early morning trade on Thursday after reports said global brokerage firm UBS has cut the target price of private sector lender to Rs 90 from Rs 170.

The stock was trading at its lowest level since January 20, 2016, when it touched Rs 126.44 in the intra-day trade.

The Reserve Bank of India said Tuesday that it has imposed a penalty on two prepaid payment instrument (PPI) issuers Yes Bank and ZipCash Card Services for non-compliance with regulatory norms.

A penalty of ₹11.25 lakh each has been imposed on the two PPI issuers, according to an RBI release.

Rating agency Moody’s on Tuesday placed Yes Bank under review for downgrade, owing to the private-sector lender’s exposure to weak companies in the financial sector. The ongoing liquidity pressure on the country’s finance companies is likely to impact credit profile, the rating agency also said in a note. The private sector lender has ‘sizeable exposure’ to weaker non banking financial companies (NBFCs), it added.

Shares of YES Bank were trading lower for the third straight session in the afternoon trade on Monday. The stock was down 5 per cent at Rs 133 per share, on concerns of eroding balance sheet strength, rising non-performing assets (NPAs), capital raising concerns and weak visibility of profits.

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