The bank resumed normal operations on March 18.
The bank resumed normal operations on March 18.

Yes Bank to raise up to 5,000 crore after govt-led rescue

The govt earlier this month approved a rescue plan, which saw SBI take a 49% stake in Yes Bank after the RBI placed the lender under a moratorium on 5 March

BENGALURU : Yes Bank Ltd said on Thursday it was looking to raise up to 5,000 crore ($665.88 million) in an effort to shore up its capital base after a government-led rescue of the private sector lender.

India earlier this month approved a rescue plan, which saw State Bank of India, the country's largest public lender, take a 49% 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.

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