Ahead of fund raising plan, Moody's shocker for Yes Bank
The bank has been finding the going tough since August last year, after the RBI refused to clear the reappointment of co-promoter and chief executive Rana Kapoor on concerns around corporate governance and poor lending practices.
Global ratings agency Moody's on December 5 downgraded the ratings on private sector lender Yes Bank with a negative outlook citing asset quality concerns and the shrinking capital buffers.
The agency said the bank's claim to have received investor interest
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