Yes Bank is close to securing fresh capital from i... moreYes Bank is close to securing fresh capital from investors, including a technology company – a non-conventional investor in banking space. The move is being described as 'transformational capital’ – capital that also will bring capabilities along with it. However, the challenges in the banking sector are systemic. Will the new technology investor be a panacea for Yes Bank’s woes, and by extension for the Indian banking sector? Technology can only solve for improving delivery for the future but it cannot solve for the self-inflicted woes of the rotten banking system, feel experts. Watch the latest episode of Mint Insight to know more.
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