Private sector lender YES Bank recently saw a sharp extended decline because of its exposure to the shares of CG Power and Industrial Solutions. It held 12.8 per cent stake
Private sector banks' pledged shares exposure up by a third since January
Increased pledging is often seen as a sign of liquidity issues with promoter groups
 "More steps in the offing for timely fraud detection in banks: RBI")
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Banks invoke the pledge on shortfalls, and often end up with a significant stake in the company
Topics : pledged shares private sector banks
First Published: Aug 27 2019 | 7:35 PM IST
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