The YES Bank stock tumbled up to 34.03% or 108 points in early trade to 210.10 level. At 9:44 am, the stock was trading17 percent or 54 points lower at 263.65 on the BSE.

Rana Kapoor, who co-founded the bank with Ashok Kapoor in 2004, established the private bank's credentials and led it to rise above expectations. Its shares have seen a 25-fold rise in the past 13 years and have generated compound annual growth return of around 28 per cent.

In June this year, Yes Bank shareholders had approved Kapoor's re-appointment as the MD and CEO of the bank, subject to RBI's approval.

The Reserve Bank of India nod to appointing Amitabh Chaudhary as the next MD and CEO of Axis Bank, after Shikha Sharma had to opt for a hasty exit, comes with a clear underlying message.

Gender diversity is missing in large areas of the financial services industry. There is no easy way out.

Axis Bank has been in news for all the wrong reasons in the last one year from deteriorating asset quality, leak of financial results, non-compliance with its asset classification norms, to falling stock price.

The Sensex and Nifty closed lower today after the indices came under selling pressure amid lower Asian markets, widening current account deficit and rupee touching fresh all time lows. While the Sensex closed 467 points or 1.22% lower at 37,922, the Nifty fell 151 points or 1.30% to 11,438 level. Top Sensex losers were Sun Pharma (3.72%), M&M (3.44%) and Vedanta (3.44%). Of 30 Sensex stocks, 26 closed in the red. Axis Bank (0.99%) was the top Sensex gainer after the private sector l...

Brokers said weakness was seen in most Asian markets as investors were cautious amid fears of a possible escalation in the US-China trade conflict.

The stock rose to its 52-week high level of 675.70 in early morning trade rising more than 4.63% in early morning trade. The stock has been gaining for the last three days and has risen 5.51% during the period.

Chaudhry, who resigned from the post of MD and CEO of HDFC Standard Life Insurance Company on Saturday, has been appointed as MD and CEO for a period of 3 years, with effect from January 1, 2019 up to December 31, 2021.

Chaudhry stepped down from the post of managing director and CEO of HDFC Life Insurance on Saturday. Speculations of him heading the Axis Bank emerged after he offloaded shares worth Rs 55.77 crore between April and August this year.

In June this year, Yes Bank's shareholders had approved the re-appointment of Rana Kapoor as the chief executive and managing director for three years, subject to final approval from the Reserve Bank of India.

Reacting to the uncertainty, the YES Bank stock closed 1.12% lower to 361.90 level on BSE today. The stock has been losing for the last three days and lost 5.78% during the same period. It touched an intra day low of 358.20 in trade today.

While the first half was encouraging, it is the second half with upcoming movies like Thugs of Hindostan, Zero and Kedarnath that must be watched out for.

Axis Bank's head hunting for CEO began after it cut short Shikha Sharma's reappointment period till the end of December 2018. In July 2017, the Axis Bank Board had reappointed Sharma as CEO for three years starting June 1, 2018. However, the RBI wrote back to the board asking it to reconsider the decision.

Earlier in April, the bank CEO had wanted her new term to be reduced to seven months from three-year tenure, which was accepted by the bank board subsequently.

Puri termed the ongoing troubles in the system as a period of transition, and that there is nothing to worry at the systemic level as most of the lenders are either well-capitalised or have the assurance of government support.

The second week is crucial for Parmanu with new entrants Bhavesh Joshi Superhero and Veere di Wedding in the fray.

On April 12, the Japanese brokerage firm Nomura in its report had said it is perfect time for Kotak Bank to bid for Axis Bank.

Bank's outgoing chief executive officer Shikha Sharma said with this, the recognition of bad loans in this cycle is \"nearly complete\". The positive commentary of Axis Bank management on bad loans helped move the stock to intra day high level of 543 on BSE.