Yes Bank dealt another blow with Moody's downgrade

In another piece of rough news for Yes bank, Moody's on Tuesday announced that it was downgrading the Bank from Baa3 to Baa1 over leadership doubts and governance issues. Things at Yes Bank have been in flux as the promoters have been sparring over majority share, even as reports indicate both camps are still struggling to reach a truce. In other developments, Yes Bank has invoked 4.59 million pledged shares of Dion Global.