 "SBI Chairman Rajnish Kumar")
State Bank of India (SBI) Chairman Rajnish Kumar said he’s certain “some solutions will emerge” to steady YES Bank, which has been on a prolonged quest to raise new capital.
“YES Bank is a significant player in the market with an almost $40 billion balance sheet,” he told Bloomberg Television in Davos. “I have a feeling that it will not be allowed to fail.”
Kumar’s statement follows speculation that the government, which controls SBI, may ask the lender to play a role in bailing out YES Bank. However, last month Kumar said it was “out of the question that SBI will do
