The real blame game began with the $2 billion PNB-Nirav Modi scam when the RBI was blamed for being a sleepy regulator while the fugitive perpetrated the fraud for 7 long years under its nose.

The stock fell to 168.60 intra day down 15% from its previous close of 198.35 on the BSE. It fell nearly 2 points short of reaching its 52-week low of 166.15 hit on September 28, 2018.

Madhavan's exit before the set tenure appears to be in line of the RBI's increased scrutiny of CEOs in the private banks and board members.

The Yes Bank board would take a final decision onRana Kapoor's successor by December 15.

Kapoor said his holding will be bequeathed to his three daughters and added that he will make a request in his will not to sell a single share in the bank.

The stock closed 1.73% higher at 223.65 on the BSE and has gained after four days of consecutive fall. It opened with a gain of 2.21% in trade today. The stock which closed at 219.85 level on Tuesday rose up to 4.41% intra day to 229.55 and intra day low of 217.

The Yes Bank board on Tuesday decided to seek at least a three-month extension for Rana Kapoor, managing director and chief executive, from RBI beyond January 31, 2019.

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.