Yes Bank eyes private equity funds to raise ‘confidence capital’2 min read . Updated: 21 May 2019, 11:55 PM IST
- Yes Bank is looking to bolster its balance sheet after taking a massive hit to cover loan losses
- The lender was further hit when rating agencies Icra and India Ratings downgraded the long-term ratings of the bank
MUMBAI : Yes Bank Ltd is considering an equity infusion from private equity (PE) funds, similar to the Bain Capital investment in Axis Bank, as the Ravneet Gill-led lender seeks to bolster its balance sheet after taking a massive hit to cover potential loan losses, two people aware of the plan said.
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