Yes Bank shares crash 85 percent to Rs 5.55

Yes Bank shares crash 85 percent to Rs 5.55

Shares of Yes Bank tanked 84.94 percent on the BSE in the intraday trade on Friday,a day after the Reserve Bank of India(RBI) superseded the board of directors of troubled private sector lender for a period of 30 days'owing to serious deterioration in the financial position"of the bank and capped deposit withdrawals at Rs 50,000 per depositor.

The scrip crashed 84.94percent to hit its 52 week low of Rs5.55 on the BSE.On the National Stock Exchange(NSE),it declined 84.65 percent to Rs 84.65 percent to Rs 5.65,its 52 week low on the bourse.

In terms of trade volumes,over 3.57 crore shares of YesBank have been traded on the BSE so far while on NSE,over 40.21 crore shares exchanged hands so far in intraday trade.