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Friday, December 20, 2019

Rating agencies downgrade Yes Bank

Continued uncertainties on capital raising resulted in two domestic rating agencies downgrading private sector lender Yes Bank on Thursday. The bank, which has had a tumultuous year since the RBI terminated the term of its co-founder chief executive Rana Kapoor, has not been able to make progress in its equity raising even after claiming that it has investors willing to pump in $3 billion.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2PJlqCN

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