What the Yes Bank rescue plan actually means
A bank promoter’s unchecked acts have been bailed out. Every bank in India is now a too-big-to-fail bank.
If Global Trust Bank (GTB) was bailed out by Oriental Bank of Commerce in 2004, Yes Bank, the only second new age private sector lender collapsing under alleged fraud and gross mismanagement, has a rush of rescuers.
According to the plan cleared by the Union
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