India Seizes Control Of Yes Bank, Plans Bailout
PYMNTS
MARCH 6, 2020
The country’s biggest lender, The State Bank of India , will head a consortium to pump new capital into Yes Bank, which had been struggling to offset a surge in bad loans, Bloomberg reported, citing sources familiar with the matter. . Analysts are concerned the crisis could lead to strains in India’s broader financial system. . “It
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