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Crisis-hit Yes Bank poised to reveal crucial fund-raising details

Yes Bank Ltd. is expected to name the investors and the amount of money they will contribute after its board signs off on the plan at a meeting on Friday

YES Bank
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Suvashree Ghosh | Bloomberg
An Indian lender that’s creaking under the weight of bad loans and exposure to the nation’s shadow-banking crisis is poised to release details of a crucial fund-raising plan.

Yes Bank Ltd. is expected to name the investors and the amount of money they will contribute after its board signs off on the plan at a meeting on Friday. Then it will be up to the Reserve Bank of India to consider approving the arrangement.

India’s fourth-largest private-sector lender aims to raise about $1.2 billion in capital and says it has received offers from bidders including an unnamed North American family

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First Published: Nov 29 2019 | 9:33 AM IST

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