Yes Bank Shelves Up To $1 Billion Share Sale

Mumbai: Yes Bank, India's fifth-biggest private sector lender by assets, on Thursday shelved an up to $1-billion (around Rs 6,600 crore) share sale to institutions, blaming trading volatility it said had been induced by misinterpretation of rules. The so-called qualified institutional placement (QIP) launched late on Wednesday was pulled on the advice of merchant bankers, the lender said in a stock exchange filing, after Yes Bank sh...