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Thursday, July 25, 2019

ICRA cuts rating of Yes Bank’s tier I bonds

Rating agency ICRA has downgraded quasi-equity bonds issued by Yes Bank following a drop in the lender’s capital adequacy position. It also factors in the increase in stress, as reflected by the rise in risky loans in its portfolio.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News


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