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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.
Yes Bank considers PE investment to cover for loan losses, says report

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