ICRA downgrades Yes Bank. More action on Monday

Indian debt markets have become more action packed than the equity markets. After IL&FS, DHFl, Zee and Reliance ADAG and Capital, it’s now the turn of Yes Bank.

Ratings agency ICRA has downgraded the ratings on Rs 33,000 crores of Yes Bank bonds.


The stock is down close to 50% in the last one year while Nifty and Bank Nifty are up 10% and 17% respectively