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Yes Financial Institution To Increase As Much As Rs 5,000 Crore After Government-Led Rescue

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Yes Bank claimed on Thursday it was seeking to raise up to Rs 5,000 crore in an effort to support its resources base after a government-led rescue of the economic sector lender.The government earlier this month approved a rescue strategy, which saw State Bank of India, the country's biggest public loan provider, take a 49 percent stake in Yes Bank after the main bank placed the loan provider under a moratorium on March 5.

The bank returned to typical procedures on March 18.




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