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Yes Bank share price loses 85%, wipes out market value of INR 8 crore

After the shocking mover of RBI to cap the withdrawal amount for Yes Bank depositors up to INR 50,000 last evening, shares of Yes Bank plunged as much as 85% to wipe out nearly INR 8,000 crore of market value on Friday as depositors rushed to withdraw funds. Police were deployed in some states to help control the crowds. Withdrawals are capped at ₹50,000 per depositor during the moratorium period which ends on April 3. Src: https://reut.rs/2TsZwW7

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