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“We were in the same profession, our offices were close by, we had a lot of common friends and his sister was my college.

Shares in India’s Yes Bank ( YESB.NS) plunged on Friday as panicky depositors rushed to withdraw funds and payment partners.

Another formal tutor appeared in the shape of Shantanu Bose who was the close friend of Sameer and gave private tuition to.

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A close analysis of the Preliminary Information Memorandum betrays the government.

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The stock pared losses later in the day to close down 56% on the day. "Effectively, Yes Bank should have no equity value left.