Yes Bank under CEO Ravneet Gill⁠— eight months of wild mood swings

• The share price has seen sharp rises and falls in recent months-- adding up to a fall of 72% since Gill took over.
• Yes Bank second quarter earnings were worse than expected.
• The stock lost another 3% plus today after the gross NPA rose over 2.5x in last 3 months.

Ravneet Gill moved from Deutsche Bank to take over as the Chief Executive Officer of Yes Bank in March 2019. The share price has lost nearly three-fourths of its value since then. The value erosion in the bank’s share price has to do with a lot of older, hidden dirt coming to the fore. But that’s not the only factor.

The confidence of both the investors and depositors has been tested repeatedly by events that have followed. The latest among the news around Yes Bank has been the shocking spike in bad loans⁠— nearly two-and-a-half times jump in just 3 months⁠— and the unexpected loss in the September quarter. “The events that have been unfolding recently corroborate our longstanding negative stance on the stock,” a Kotak Institutional Equities report said on November 2. The stock lost another 3% plus in the first trading session after the earnings on November 4.

Here’s a look at how Yes Bank has waded through its worst crisis under the stewardship of its new CEO Ravneeet Gill in the last eight months.