Why YES Bank share fell 13% today- Business News : vimarsana.com

Why YES Bank share fell 13% today- Business News


Why YES Bank share fell 13% today
Share of YES Bank lost 13.40% to Rs 12.60 against previous close of Rs 14.55 on BSE. Market cap of the lender fell to Rs 34,826 crore
BusinessToday.In | May 3, 2021 | Updated 12:00 IST
YES Bank share is trading lower than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The share has fallen 50.34% in one year and lost 22.28% since the beginning of this year.
YES Bank share crashed over 13% on Monday after the lender reported a Rs 3,790 crore loss in the March quarter against a profit of Rs 2,665 crore in the year-ago period. Losses rose on deterioration of asset quality faced due to the COVID-19 pandemic which forced the bank to set aside money for potential loan losses.

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