Yes Bank going to raise up to Rs 5,000 crore following the rescue by the government
Shortpedia
Content Team
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Yes Bank Ltd said on Thursday it was looking to raise up to Rs 5,000 crore ($665.88 million) in an effort to shore up its capital base after a government-led rescue of the private sector bank. Under the rescue plan, the State bank of India took a 49 per cent 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 after the moratorium ended.
