India: Rescue plan in place, Yes Bank stares at new challenges

India: Rescue plan in place, Yes Bank stares at new challenges

Retaining its depositors will be Yes Bank’s biggest challenge (Photo: AP)

State Bank of India (SBI), six private sector banks, and a mortgage lender will invest a combined 10,000 crore to rescue Yes Bank Ltd, allowing the troubled lender to shore up its capital buffers after they dropped below the regulatory requirement.

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