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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