Yes Bank to raise $1 billion this year as it exits restructuring after 2 years: CEO

Yes Bank to raise $1 billion this year as it exits restructuring after 2 years: CEO


India’s Yes Bank to raise $1 billion this year: CEO

Yes Bank is looking to raise around $1 billion this financial year, the bank’s chief executive officer said on Monday, as the private lender exits the reconstruction plan after two years.

The comments by Yes Bank CEO Prashant Kumar came days after the lender said it selected an asset reconstruction company belonging to private equity firm JC Flowers as the base bidder for the sale of bad loans worth Rs 480 billion ($6.01 billion). was.

($1 = 79.9000 Indian Rupees)

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Indian Lekhak

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