Yes Bank To Raise Up To Rs 5,000 Crore After Government-Led Rescue


Yes Bank To Raise Up To Rs 5,000 Crore After Government-Led Rescue

Yes Bank said on Thursday it was looking to raise up to Rs 5,000 crore in an effort to shore up its capital base after a government-led rescue of the private sector lender.

The government earlier this month approved a rescue plan, which saw State Bank of India, the country’s largest public lender, take a 49 per cent stake in Yes Bank after the central bank placed the lender under a moratorium on March 5.

The bank resumed normal operations on March 18.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *