2020, Vol. 3, Issue 1

author(s)
Banashri T

abstract
The Yes bank board has been superseded by the RBI and the private lender has become the target of a forced bailout, given the huge bad debt level in its corporate and real estate portfolios. India’s central bank took control country’s fifth largest private sector lender Yes bank on 05 March 2020 and imposed limits on withdrawals, spreading confusion and fear among account holders. Shares of Yes bank which was traded at Rs 404 at its peak in August 2019, fell to a record low of Rs 5.65 on Friday March 6th, with the stock plunging nearly 85%.The fall wiped out 79.43 billion rupees from Yes bank’s market value.