A boat with many holes, Yes Bank needs rescue from a steady ship2 min read . Updated: 02 Mar 2020, 11:27 PM IST
- Yes Bank’s efforts to raise capital in vain; may slip below regulatory minimum soon, warn analysts
- Reserve bank is said to be exploring a possible rescue plan in case Yes Bank fails to raise capital
Traders are willing to borrow Yes Bank Ltd shares at a cost of 15% per month, or about 180% annualized, to go short on the stock. And, that is after a more than 90% drop in the stock from its highs in 2018.
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