Yes Bank’s founder and CEO Rana Kapoor, who has been asked by the RBI to quit the post by January, said on Friday that he would not sell his shares in the bank even after demitting office.

“Even after I demit office as the MD and CEO of Yes Bank, I will never ever sell my shares,” Kapoor wrote on his handle on microblogging site Twitter on Friday.

As on June 30, 2018, Kapoor and his family held around 10.67 per cent in the bank. At current market prices, these shares are valued at over Rs 4,500 crore. The market capitalisation of the lender now stands at Rs 42,364 crore.

Kapoor said his holding will be bequeathed to his three daughters and added that he would make a request in his will not to sell a single share in the bank.

Telegraph infographic

“My promoter shares are invaluable to me,” Kapoor, who is not regular on the microblogging site unlike other industry captains, wrote.

Kapoor’s tweets come amid reports of Madhu Kapur, the legal heir of the deceased co-promoter Ashok Kapur, selling 7 lakh shares of the bank, representing 0.04 per cent in the open market on September 21, amid the heavy slide in share price.

The sale has brought down Kapur’s shareholding to 9.28 per cent, while Kapoor’s stands at 10.67 per cent.

Shares of Yes Bank fell for the second session on Friday, tumbling nearly 10 per cent and wiping out Rs 9,203 crore from its market valuation in two days. The stock crashed 9.72 per cent to close at Rs 183.45 on the BSE. On the NSE, the shares dropped 9.42 per cent to Rs 184.10. The stock was the worst-hit among the blue-chips on both the indices .