Yes Bank shares plunge as 3-year lock-in period expires

Yes Bank shares plunged on Monday, falling around 8% during morning trade. This comes as the three-year lock-in period for individual investors and exchange-traded funds set up by the RBI in March 2020 expired on Monday. As part of RBI's Yes Bank reconstruction scheme, nine banks had picked up almost 49% of its stock for ₹10/share, a premium of ₹8.