NewsClues | Read the latest business economy and financial news in short. Business and financial news aggregator with news summary.
Swipe through the latest business and wealth clues with our android app
Clues by NC Team • 19 Jul 2019, Friday

A 78% drop in Yes Bank shares since August has left founder and former CEO Rana Kapoor poorer by some $1 billion. The Indian lender, which reported weak earnings on late Wednesday, plunged as much as 20% on Thursday. That has contributed to a drop in Kapoor’s net worth to $377 million from $1.4 billion on August 20. Under Kapoor, Yes Bank had grown to become India’s fourth largest private lender since he co-founded the bank in 2004.

Read More at The Economic Times

©2019 TheNewsClues