 "YES Bank")
Rating agency Icra has placed long-term rating for private lender Yes Bank on watch with negative implications. The rating action factors in the Reserve Bank of India's directive to the private bank to appoint a new chief executive to replace existing MD & CEO Rana Kapoor. RBI's order could constrain the lender's ability to raise capital in the near term.
Yes Bank has an rating outstanding from Icra of “AA+” for Basel-II compliant lower tier-II bonds and infrastructure bonds and an AA rating for Basel-II compliant upper tier-II bonds.
Icra said in a statement that ratings have always factored in
