View: Yes Bank needs an arranged match, or it’s No Bank

Braich, the Canadian suitor, said he loves the logo: "If it was called 'No Bank', I wouldn’t have been interested." Even if a joke, this is serious. The shock to India’s broken financial system risks being even bigger than the collapse of IL&FS in September 2018. The regulator must act before Yes Bank becomes, for all practical purposes, no bank at all.

from Banking/Finance-Industry-Economic Times https://ift.tt/2E8F7xg