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Yes Bank to raise up to Rs 5,000 crore after government-led rescue


India earlier this month approved a rescue plan, which saw State Bank of India, the country’s largest public lender, take a 49 per cent stake in Yes Bank after the central bank placed the lender under a moratorium on March 5.

Yes Bank Ltd said on Thursday it was looking to raise up to Rs 5,000 crore ($665.88 million) in an effort to shore up its capital base after a government-led rescue of the private sector lender.

India earlier this month approved a rescue plan, which saw State Bank of India, the country’s largest public lender ...


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