Yes Bank considers PE investment to cover for loan losses, says report
Updated : May 22, 2019 09:53 AM IST
Sources told the paper that the PE funds will help Yes Bank financially and strategically as it will help boost investor sentiment in the bank.
The bank had reported a net loss of Rs 1,506.6 crore for the March quarter as provisions rose.
Ravneet Gill-led Yes Bank is also looking into other options such as selling global depository receipts and foreign currency convertible bonds, the source cited earlier said.