Shares of Yes Bank continues to fall for the second session on Friday

Shares of Yes Bank continued to fall for the second session Friday, falling sharply by nearly 10 percent to hit its one-year low.

Despite positive opening, the stock failed to hold on to the gains and later cracked 9.22 percent to Rs 184.45 - its 52-week low - on BSE.

On NSE, shares of the company dropped 9.64 percent to hit a one-year low of Rs 183.65.

Shares of Yes Bank witnessed massive selling pressure Thursday also tumbling by over 9 percent.

The stock was the worst hit among the blue-chips on both the key indices during morning trade.

Shares of the bank rose by nearly 2 percent Wednesday, a day after the company's board decided to seek at least a three-month extension from RBI for its MD and CEO Rana Kapoor beyond January 31, 2019.

The RBI had last week curtailed the three-year term that the board had sought for Kapoor, also one of the promoters of the bank, to January 31, 2019, and asked the bank to find a replacement.