Yes Bank founder’s wealth shrinks by $1 billion

A 78% drop in Yes Bank Ltd shares since August has left founder and former chief executive officer Rana Kapoor some $1 billion poorer. The lender, which late on Wednesday reported earnings that showed its capital buffers had weakened and bad loan ratio widened, plunged as much as 20% (intra-day) on Thursday.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News

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