SC approves BCCI constitution with changes

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Yes Bank gets RBI nod to raise capital, stock slides despite news

Sep 30, 2019 11:17 IST

Yes Bank has reportedly got RBI approval to go ahead with the proposed capital raising. The bank had sought the Central Bank's nod a few days back. The Bank has been struggling under huge exposure to stressed assets and plans to raise close to Rs 800 crore from the market. Despite the news, the Yes Bank stock was under severe pressure in trade on Monday, with over 1.3 crore shares changing hands on the NSE.