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Monday, March 9, 2020

Did depositors second-guess Yes Bank's fate? Here's a tale from last year

YES, one of India's largest private lenders, was recently put under moratorium by the RBI in the wake rising bad loans and "serious governance lapses". On Friday, the Reserve Bank of India unveiled a revival scheme, saying that the State Bank of India could acquire a 49 per cent equity stake in the private sector lender.

from Banking/Finance-Industry-Economic Times https://ift.tt/2vEBO09

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