MF wrap: Uncertainty over appointment of Yes Bank chief prompts funds to cut stake
(WorldNews Business)

Not only have mutual funds, foreign institutional investors too cut their exposure in Yes Bank Himadri Buch @himadribuch Watchlist Portfolio Message Set Alert live bselive nselive Volume Todays L/H More × The uncertainty looming over the appointment of Yes Bank´s managing director and the chief executive officer has forced fund houses to pare stake in the underlined private sector bank. According to the September portfolio of mutual funds, AMCs have cut down stake in Yes Bank by nearly 100 basis points in Jul-Sep to 10.55 percent, adding to the selling pressure. Recently, the Reserve Bank of India turned down Yes...