India: Yes Bank eyes private equity funds to raise confidence capital

India: Yes Bank eyes private equity funds to raise confidence capital

Photo: Bloomberg

Yes Bank Ltd is considering an equity infusion from private equity (PE) funds, similar to the Bain Capital investment in Axis Bank, as the Ravneet Gill-led lender seeks to bolster its balance sheet after taking a massive hit to cover potential loan losses, two people aware of the plan said.

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