LIC hits mark-to-market Rs 600 crore in Yes Bank beating

Mumbai, Ta. 06 Mar 2020, Friday

Retail investors have been hampered by the 5% rise in the share price today, as the bank of Yash Bank has been superseded and an imposed limit of Rs 1,000 has been levied on creditors. Retail investors today suffered a huge loss of Rs 5 crore in Yash Bank.

According to the quarterly data for December 1, Yash Bank holds the highest 5% holding of retail investors and shareholders. That number is up to 4 lakh shareholders. This is an increase of 5.5 lakhs compared to the previous quarter. Yash Bank has witnessed a steady decline in share prices due to the long-running uncertainty. The stock price was observed to be Rs. With the declining number of small investors, the bank will get foreign investors again and the number of retail investors has increased as they buy shares at a lower price, hoping that the bank will become stronger again. The shareholders holding retail investments up to Rs 1 lakh are considered here.

Meanwhile, local insurance giant LIC in Yash Bank has also suffered a loss of Rs 1 crore on its investment. While FIIs lost about Rs 1 crore in investment today, one day has gone down. Yash Bank's share price today fell 5 percent to Rs 5 after the intra-day intra-day rupee fell to Rs 1.8. J1 stood at Rs 5 at the end of the quarter of December 2. Which has decreased by 5% since then. Mutual funds have so far lost mark-to-market Rs 5 crore in this stock. High net worth investors who have invested more than Rs 1 lakh in Yash Bank have suffered a loss of Rs 2 crore mark to market.